Even though it’ll cost them billions collectively, investors can’t wait for the big banks like Barclays (LSE: BARC) and Royal Bank of Scotland (LSE: RBS) to sort out a deal with regulators over the alleged manipulation of the multi-trillion dollar foreign exchange market. But HSBC (LSE: HSBA) has just revealed that paying the fines is only half the problem…
Big Fines Are Just The Start For Barclays PLC, HSBC Holdings plc & Royal Bank of Scotland Group plc
VIDEO: One Fool puts Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA) and Royal Bank of Scotland Group plc (LON:RBS) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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