8 Quotes by James Leal

Success is the delivery of a product that meets expectation

Delivering a project isn’t difficult. What’s difficult is delivering a project without first taking the time to plan properly

What would BBVA do with Lloyds? Will it improve the cost/income ratio, which is already very low? There are lots of unanswered questions there.

The results are fine. The issue is they are not telling us anything we don't already know ... we had a share buyback from Royal Bank, we had a cost efficiency program from Lloyds, but nothing new from HBOS.

RBS had very strong results and announced a big new buyback, while Lloyds TSB came out with a cost cutting program - HBOS is just in line after those performances, and its stock price has had a very strong run in the last several months.

This company seems to run on rails - the results are very strong and there are no negative surprises.

There's a reasonable expectation that at some point there will be further consolidation and Lloyds, of all the high street banks, is probably in the most tricky position in terms of how it's performed and the size of its dividend, and for that reason it's more vulnerable.

The market is very good at coming up with bid candidates but is less good at coming up with...why a deal should happen.