Playlist: RBS:xlon

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British banks banking on Britain is 'no bad thing'
Alex Forrest Whiting
04 March 2015 at 13:49 GMT
If Scotland votes for independence, then what?
Lea Jakobiak
02 September 2014 at 14:45 GMT
Report due out on the risky business of UK banks
Lea Jakobiak
02 September 2014 at 8:25 GMT
The shocking cost of  banks' ancient technology
Lea Jakobiak
07 April 2014 at 12:46 GMT
Video / 02 September 2014 at 8:25 GMT

Report due out on the risky business of UK banks

Lea Jakobiak
The UK's five biggest banks; HSBC, Lloyds, RBS, Barclays and Standard Chartered, will come under intense scrutiny in a KPMG report due out on Monday the 8th of September. 

So is it safe to for investors to get back into banking waters? The report is expected to explore the legal and compliance risk UK banks still face. Saxo TV's Lea Jakobiak speaks to two London-based traders who share their thoughts on how to be positioned when it comes to these five large financials. Bill Blain from Mint Partners says that although things are looking up for these companies, most of them still face challenges and risks from possible legal action linked to Libor fixing or regulatory breaches. 

Piers Buckworth Global Equity Sales Director at Mint Partners is more negative on the prospects for UK banks, he suggests RBS as a "decent short candidate" based on the stream of bad news which has overshadowed the performance of Britain's biggest banks in recent months.    


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