Another Blow for Fragile Banks

The banking sector has received another blow to its already fragile confidence as Standard & Poor’s has lowered its credit ratings on a number of institutions, including amongst others, Barclays, HSBC and RBS.

This reflects the significant pressure on these large complex financial institutions’ future performance due to increasing bank industry risk and the deepening global economic slowdown. However, the recent government action/intervention may help to balance this pressure.

As always, make sure you diversify your savings across a number of banking institutions.  For updated independent recommendations please email me direct on

Duncan R Glassey
Senior Partner – Wealthflow LLP

This article is distributed for educational purposes and should not be considered investment advice or an offer of any product for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Past performance is not indicative of future results and no representation is made that the stated results will be replicated. Errors and omissions excepted.