A quick update for those of you keeping track of shares in the finance industry.
Countrywide is trading at $25.64, which looks bad (down 10% on the day!) but
is actually higher than it was trading this
time last week. Meanwhile, Barclays’ Bob Diamond is feeling
a bit sheepish. Remember when he told
the WSJ on July 23 that his bank’s bid for ABN Amro was reliant on the stock
price going up? The bank’s shares were trading at 735p at the time, and the
target was 820p.
Now, they’re trading at 639p. Oops.