Listed bankings are to be extinct

Story link: Listed bankings are to be extinct

The way the UK economy is going, it is slowly pushing the banking sector into submission, and it is very likely that there will only be a handful of listed banks in London.

Listed bankings are to be extinct

But the government is now the largest, or only, shareholder in Lloyds/HBOS, RBS and Northern Rock and it seems highly likely that HSBC and Standard Chartered will be the only UK-quoted bank shares by the end of 2009.
Even in these tough markets, however, it is worthwhile to continue to think about the need for long-term, inflation-beating investments to fund or supplement retirement. UK equities can do this over the long term because gross domestic product (GDP) – a measure of economic output – growth will return and plenty of companies are in decent shape to benefit from this.