Farewell to the bank that did Dull
This is getting serious — so serious that I’ve done something I may have cause to regret terribly a year or two hence. I have sold my shares in Lloyds TSB. I did so with a heavy heart, and an even heavier loss, since they were bought when the shares were yielding 7 per cent, a rate comfortably in excess of the interest on the bank’s most generous deposit account at the time. They are still yielding 7 per cent, in a manner of speaking, but the shares are sad, shrivelled things, and the extra income I’ve had is a tiny fraction of the capital I’ve lost. Lloyds was the