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Between the Rock and a hard place

By Richard J Hunter, Hargreaves Lansdown

Move over again traffic wardens and estate agents, there is a new kid on the block. Earlier this year the private equity groups found themselves at the wrong end of some harsh criticism. Now, in terms of investment, there is a new and somewhat surprising target - the banks. A quick scan across the share price performances of the larger UK banks reveals some shocking figures - in the last six months alone, HSBC have fallen 12%, Barclays 29% and the Royal Bank of Scotland 32%.

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