A final word on Thursday’s defenestration of Rio boss Tom Albanense (via JP Morgan).
Revenues below consensus, expenses higher than consensus, impairments significantly below consensus. Result: figures that please the market.
Well, that how we’re reading Friday’s third quarter results from state-controlled RBS: Read more
RTRS-LLOYDS CEO SAYS “I REALLY DO NOT SEE ANY KITCHEN SINKING IN THESE RESULTS”
Well, Antonio Horta-Orsorio might see it that way, but it’s very unlikely the City will agree. Read more
Shareholders in Lloyds Banking Group received a positive surprise on Friday morning. The partly state-owned UK bank has released a statement guiding that it will be profitable at the underlying combined business level in 2010. But will it be enough to overcome the serious challenges Lloyds faces in the future?, FT Alphaville asks. Read more