Bankruptcy forced Lloyds Banking Group PLC (LON: LLOY) and Royal Bank of Scotland (LON: RBS) down

British banks are reduced in price due to U.S. problems

In brief: Lloyds Banking Group PLC (LON: LLOY) and Royal Bank of Scotland Group plc (LON: RBS) are in a quandary because of the negative data from the U.S..

Lloyds Banking Group PLC (LON: LLOY) shares fall in price up 70.25 points, losing -0.44 (-0.62%). Royal Bank of Scotland Group plc (LON: RBS) drops to 46.77 points, decreasing by -0.48 (-1.02%).

British banks’ troubles began because of the bankruptcies in the U.S.. According to published U.S. government data, the number of ads on Bankruptcy peaked with 2005 values on the background of slowing growth and rising unemployment. In the period from April to June was recorded 422,061 bankruptcy filing, ie 9% more than in the previous quarter and 11% higher than a year earlier. It is reported that for the year ending June 30 was announced 1.57 million bankruptcies, which is 20% higher than the number of bankruptcies a year earlier.

Igor Tringlers
2010-08-18 07:21, Economics.

News on: , , , , , , , ,

Post a comment

E-