cnp syndicates gearing ratio misleading, page-9

Circles,

Get used to it. This is the just the start of banks reducing their risk portfolios. There has been too much easy money over the last few years and this type of CNP issue is definitely going to hit many other companies.

I think the motto is to stay away from highly geared stocks for the foreseeable future.

CNP has expanded in the US at highs. The cycle is turning and they've been caught. I am sure they will survive but as a shadow of their former self.