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UK Bankers are crazy.

clemens

Corporate Services
Mentor Group Lifetime
Jan 2, 2009
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Lloyds/HBOS announced yesterday (Friday 13th) two weeks ahead of disclosure date that they are likely to have around £10 billion in losses......


Do you think they sat around the boardroom wondering "when should we announce this?" and then "Oh its Friday 13th lets hit em with it".


Its a disgrace! UK banks are zombies.
 
10 billion in losses - when did they start recognizing that the money was really gone?


Was it when they did not get the "normal" winning or did they need time to realize that the market gives o winnings right now?