Conventional wisdom suggests that when interest rates are on the floor, banks will suffer and therefore investors should avoid banks. The Global Investor has a somewhat contrarian bent and with the Bank of England cutting interest rates to 0.1%, he decided to look for opportunities in the UK banking sector.
Mortgage finance specialist OneSavings Bank Plc's (OSVBF) shares have started to recover slightly in the last few days after a 55% selloff in the recent market rout. The Global Investor thinks now is the time to buy into a lender with downside protection and a