Is it Time to Invest Again in UK Banks?

Fund managers are increasing their stake in this sector, despite the fact many banks still have problems a decade on from the financial crisis

Holly Black 27 June, 2017 | 10:49AM
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Almost 10 years on from the financial crisis and the banking sector is still finding its feet.

Barclays (BARC) has been charged with fraud, RBS (RBS) has scrapped the sale of its Williams & Glyn branches, Co-op has failed to find a buyer and the Government has only just offloaded the last of its stake in Lloyds (LLOY).

UK banks have shelled out millions of pounds in compensation over recent years and been caught up in a plethora of scandals. Colin McLean, founder of SVM Asset Management, says it could be another decade before the industry has resolved all of its issues.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Barclays PLC197.14 GBX-1.19Rating
Henderson High Income Ord165.82 GBX-1.59Rating
HSBC Holdings PLC430.49 GBX-0.37Rating
Lloyds Banking Group PLC48.83 GBX-1.15Rating
NatWest Group PLC232.80 GBX-0.34Rating

About Author

Holly Black  is Senior Editor,