justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry.
THE FIRST SHAFTS OF LIGHT IN A BANKING DAWN? – Read the full article here!
As we come to the end of the bank reporting season it is interesting to put their results into better context. Since the financial crisis of 2008 quite rightly they have been through a deservedly torrid time. For instance consider the RBS fiasco, where the taxpayer for some stupid reason bailed out the RBS shareholders (they are the ones who are supposed to take the risk), and it’s still a struggling financial giant flailing around on the road to recovery.
However, maybe at last we are seeing some underlying signs of recovery. Certainly Lloyds and Barclays are showing that despite the never ending regulatory claim upon them, they seem to be heading in the right direction. It was always, in my view, going to take at least a decade for a return to a more ‘normal’ banking sector, but of course by then ‘normal’ will look like a very different world. The technology has already started to have an impact, new competitors have also started to enter the market, and the economy has moved on from the battered days of the financial crash.
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