This sort of reminding us of General Soeharto back then in 1998 when he had no options other than to wind up or liquidate more or less 16 banks. What is happening in UK has yet to reach that path, but the pain is still the same to take.
Question is, when this will be announced, anytime between now and end of this week, or some other time this month or next? They certainly will not wait for Stochastic, MACD or other to "death cross", but still their effect can make any indicators dead in their "golden cross". :d *Moody’s Lists 14 U.K. Banks for Downgrade Review* Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS) are among 14 U.K. lenders whose debt Moody’s Investors Service is considering downgrading as withdrawal of government support may increase their credit risk. Santander U.K. Plc and customer-owned lenders including Nationwide Building Society also had debt ratings put on review for a possible downgrade. The outlook on Barclays Plc (BARC)’s senior debt and deposit ratings was changed to negative from stable, Moody’s said in a statement today. British banks accepted about 1 trillion pounds ($1.6 trillion) in government bailouts and guarantees following the 2008 financial crisis, support that Moody’s said accounts for two to five credit grades for larger U.K. lenders and one to five levels for smaller lenders. The review comes as stocks slump globally amid concern Europe’s debt crisis is worsening and the global economic recovery is waning. (Bloomberg) '+'
