Santander (LSE: BNC) has halved the interest rate on its wildly popular 123 savings account, sending several million UK savers into despair. But will the rate cut be better received by Santander shareholders?
Is the Santander 123 interest rate cut good news for the bank’s shareholders?
VIDEO: One Fool looks for the positives in recent news.
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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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