Haig suggested"I'd personally recommend that generally people avoid investing new money for the time being – the good quality names such as HSBC are fully priced and there is still too much uncertainty surrounding the partially state owned entities and eurozone banks."
Haig comments further on the uncertainty that faces the banking systems and suggests that"the risk of investing in this sector is high with no real visibility of where the return may come from. With the continued failure of the western banking sector more generally to clean up its act, I'd be avoiding for the time being."
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