iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,414 Blog Posts

Moody’s Set to Downgrade the Credit Ratings of Several British Banks Today (Skynews)

Skynews is reporting that several major British banks have been informed of an imminent credit downgrade, post BREXIT.  Moreover, the forecast will be, inexorably, bleak, as Moody’s swashbuckles their outlook to ‘negative’.

If forced to guess, I’d say BCS, RBC, HSBC and LYG will endure the lion share of the post BREXIT wrath. As you can already see, the establishment is quite perturbed over these developments and endeavor to make this a very onerous experience for the Isle of Great Britain.

 

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8 comments

  1. en1gma

    Long term UK will be better than ever. Haters gonna hate.

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  2. john_galt

    I hope the UK will exit by mid-week. 4th of July is coming and all this drama is starting to spoil next week BBQ.

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    • btn

      Surely you jest. I’d be surprised if they get all the documents in order by Christmas

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  3. bushwacker2

    Don’t you mean RBS instead of RBC? Our hoser neighbors in the Northland might take umbrage.

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  4. superpositron

    Fuck em!

    We shall go on to the end, we shall fight in France,
    we shall fight on the seas and oceans,
    we shall fight with growing confidence and growing strength in the air, we shall defend our Island, whatever the cost may be,
    we shall fight on the beaches,
    we shall fight on the landing grounds,
    we shall fight in the fields and in the streets,
    we shall fight in the hills;
    we shall never surrender…

    Churchill

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  5. JakeGint

    Ooh, thanks Moody teenager! Maybe you’ll be as right about this as you were about all those mortgage credits in 2007?

    BCS? Tomorrow? Buy, buy, buy!! (CRAMERESQUELY).

    ____

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  6. JakeGint

    Full disclosure, I have not bot yet, but likely will, tomorrow. Get in the BARC!

    ___

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