The treat of collapse: Lloyds Banking Group PLC (LON: LLOY) and Royal Bank of Scotland Group plc (LON: RBS) fall

Lloyds and Royal Bank of Scotland are looking for a foothold

In brief: British banks are losing a foothold in the very beginning of trading today. Lloyds Banking Group PLC (LON: LLOY), Barclays PLC (LON: BARC) and Royal Bank of Scotland Group plc (LON: RBS) losing in price.

Royal Bank of Scotland Group plc (LON: RBS) shares continued to decline to 44.81 points, losing -0.89 (-1.95%) in the early trading session. Other British banks fall even lower. Anyway, Bulls still hope for better…

Lloyds Banking Group PLC (LON: LLOY) shares have rolled back to 68.18 points, dropped to -1.46 (-2.10%). Barclays PLC (LON: BARC) gives the bears – 2%. Experts believe in the speedy recovery of the banking sector and the entire UK stock market. The Open Knowledge analysts expect the bullish trend in late August or early September. In addition, investors await the Fed meeting at the end of the week.

Anrey Torbinski
2010-08-24 09:57, Economics.

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