Lloyds Banking Share Discussion Threads

[hhhold2] 30/3/2020 22:10

Death cross, Lloyd's exposed to the car loans market which is going to get ugly, bull trap ahead,sorry but i can see this going to single figures almost.

[jl5006] 30/3/2020 22:07

yes smarty 386

yes

Did we all not grasp that a while back?

[smartypants] 30/3/2020 22:07

Friday night USA just tipped over the 100,000 cases..tonight 160.000!
UK had 11,000 tonight 22,000
Where is the good news...20,000 dead..100,000 to 200,000 in USA

[dojiwankenobi] 30/3/2020 22:01

Coronavirus: Taxpayers forego £600m from RBS payout

hxxps://news.sky.com/story/coronavirus-taxpayers-forego-600m-from-rbs-payout-11965984

Doji Wan Kenobi

[milliecusto] 30/3/2020 21:51

Great post, couldn't have done better

[smartypants] 30/3/2020 21:45

Its a strange read on here of late
Its a strange read here any time in your alternative universe, but..
It seems that you all know the "numbers" and you are all saying them out loud
You are just not doing the sums...don't you believe what you are saying yourself?
DOW up +3%..because Microsoft says there is a 70% increase in people using skype???
USA in lock down for at least another month.
Lets keep it UK simple..
Those who still have a job and are not working get 80% of wage..that's a 20% cut
Companies/producers just lost a months worth of production (they still have to pay all holiday pay going forward, did they borrow money to stay afloat..got to pay that back?
All the bar restaurant staff that are out of work and are now stacking beans at Tesco..great career move..how is that going to work out when things go back to "normal"..supermarkets were already cutting staff
How many people now have the financial confidence to buy..lease that new car
Who is going to take out a new loan on a 20% pay cut..who is now going to use the bulk of there savings for a new house purchase, when they have been living off their savings for the last 2..3..6 months
Mortgage holidays for 3 months..so where is the banks income coming from for one quarter of the year..yes people have to catch up their payments after the "holiday" term..are they going to book holidays,,lower pay, less savings..no jobs
Air lines grounded, flight crew ground staff..taxi drivers..fuel..food..all take a hit
Do so sums..you can all see the number..the div is irrelevant..if you were already dependent on it to support your pension income, sorry but you were and are already screwed
Get real

[stonedyou] 30/3/2020 21:31

Oh dear!!!!!!!!!!!!!!!!!!!!!!



Coronavirus: Taxpayers forego £600m from RBS payout


The Treasury will miss out on a £600m windfall when RBS cancels its 2019 dividend, Sky News can reveal.


UK taxpayers are to forfeit more than £600m from the cancellation of bank dividends as regulators instruct Britain's biggest lenders to conserve capital amid the coronavirus crisis.

Sky News can reveal that Royal Bank of Scotland's move to stop a £968m full-year dividend payment for 2019, which was due to be made in the coming weeks, will leave the Treasury £600m poorer.




The government's 62% stake in RBS means it would have received the sum if the payout had gone ahead.

It will also forego taxes associated with the payment of the chunk of the £7.5bn that was due to be handed to UK taxpayers.

Banking sources expect the Prudential Regulation Authority (PRA), the banking watchdog, to announce on Tuesday evening or Wednesday morning that Barclays, HSBC, Lloyds Banking Group and RBS will no longer pay the dividends announced alongside their full-year results.



Excluding HSBC, which is by far the largest dividend-payer with a $4.2bn cheque but which is less UK-focused than its peers, the move will preserve roughly £4bn of capital - which could translate into £40bn of lending into the UK economy as the COVID-19 pandemic deepens.






The Financial Times reported earlier that there was a growing expectation of the dividend cancellation.

[dojiwankenobi] 30/3/2020 21:24

joe, yes sub 20pennies very quickly....
they will probably release the RNS sometime tomorrow...

Doji Wan Kenobi

[dojiwankenobi] 30/3/2020 21:10

well good luck with the case, the ECB have already done it, Last Friday, in Europe which puts all the pressure on PRA.

Doji Wan Kenobi...

[gaffer73] 30/3/2020 21:02

An order doesn't beat the law

[dojiwankenobi] 30/3/2020 20:58

The banks will have no choice if ordered.. no legal case to answer too.

Doji Wan Kenobi

[gaffer73] 30/3/2020 20:54

I would imagine there would be court cases if they cancel a declared dividend as its a legal declaration.

[maxk] 30/3/2020 20:50

The Chinese are doing the same in Africa, where they are quietly taking over.

[jl5006] 30/3/2020 20:46

And pls try to think forward
Pension funds rely on divis to pay out.
Your pension conts if in work are likely to rise 50% - plus the state will never be able to pay out to those who have not contributed.
Short term cries - long term grief.
BTW M4
You may think now - but need to think fwd - you are saying i am happy to have no income when i retire!

[freddie01] 30/3/2020 20:45

The community of Chinese people in Italy has grown rapidly in the past ten years. Official statistics indicate there are at least 320,794 Chinese citizens in Italy, although these figures do not account for former Chinese citizens who have acquired Italian nationality or Italian-born people of Chinese descent.[1]





Food for thought.

[dojiwankenobi] 30/3/2020 20:43

UK banks expect regulator to order dividend freeze.


Banks in the UK are braced for the country’s top financial supervisor to put a stop to £7.5bn of dividend payments due over the next few weeks in a move designed to shore up capital levels during the coronavirus outbreak.

The Prudential Regulation Authority, the supervisory arm of the Bank of England, is running out of time to make a decision on whether to block the payments, with Barclays due to pay a full-year dividend of 6p per share on Friday.

UK lenders, including Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, are expecting the PRA to advise against the payments within the next few days, according to several people briefed on their plans.

“We think the regulator will probably announce something soon,” said one.

Until last week, the PRA had been relatively unfazed by dividend payments going ahead as planned, according to one person briefed on discussions between the banks and the regulator. But the supervisor changed its stance on Friday, when the European Central Bank ordered eurozone banks to freeze dividend payments and share buybacks, they added.

Doji Wan Kenobi

[fovargue] 30/3/2020 20:40

I think and expect the final divi should be paid. The plan to pay quarterly for next year is what they'll need to review.

[jl5006] 30/3/2020 20:40

Why on earth.
media madness - phps u are not a shareholder.
another example - I will work for nothing - you would not do that - but u might expect someone else to do so!

[m4rtinu] 30/3/2020 20:34

Nobody wants to give up their divi, but it seems like the right thing to do.

Car leasing definitely an accident waiting to happen.

[jl5006] 30/3/2020 20:08

So what danny - you want to give up ur divi ?
guess not u want something that is not yours!
Thou shalt not covet etc

[crossing_the_rubicon] 30/3/2020 19:55

Okay wife beater.