Spreadsheet Theory V Reality ; Commentary [Edition 2]

Evening Standard - London (August 10, 2009)

Author: Nick Goodway

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Summary

IT'S all well and good getting your Windows XL spreadsheet out and crunching the numbers for a Lloyds Banking Group rights issue and coming up with the answer that this all makes marvellous sense.

At one blow the bank which made the mistake of buying HBOS has boosted its capital ratios to European bank levels and can afford to turn down a big chunk of the very expensive government insurance on offer to cover its most toxic debts.

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Extract

Spreadsheet Theory V Reality ; Commentary [Edition 2]

Hoorah for chief executive Eric Daniels. Hip-hip-hoorah for incoming chairman Sir...

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