Thursday, 18 September 2008
HSBC Goldmans pair-up
There are many rumours out there today and they are interesting, but like speculating on Fabio Capello's team selection.
However if HSBC, serial failure at Investment banking, serial winner of global retail banking, takes over Goldman's it will be stunning.
Like Aston Villa thrashing Real Madrid. Quite an achievement.
With all the bad news re HBOS etc, there would actually be a good counter story.
Barclay's buying Lehmans, HSBC getting Goldman, LLoyds getting HBOS - half the UK banks becoming even bigger global behemoths - at the expense of the Yanks?
Who would have thought it - even if Financial Services has had its day in the Sun, it would be quite an achievement.