CYBG: is the newly listed challenger bank cheap for a reason?
By Ian Smith
,
10 February 2016
A year ago, demerging and floating your UK banking operations no doubt appeared a fairly safe prospect. The market was enjoying a strengthening domestic economy and looking forward to increases in interest rates. TSB had made steady progress since its flotation as challenger banks flourished. By March, TSB would be snapped up by Spanish lender Banco de Sabadell at a price equivalent to its book Read more [...]