Lloyds Banking Share Discussion Threads

[gaffer73] 21/5/2020 10:50

It would be worth the drop to 15p to come out of the EU with no deal.

[m4rtinu] 21/5/2020 10:41

CPI was 0.8 yesterday (Apr figure). Down from 1.5% (Mar fig). Quite a fall!

[smartie6] 21/5/2020 10:36

No Brexit trade deal odds shortening.
Good chance Lloyds May get to 15p?

[cobourg1] 21/5/2020 10:34

The Governor of the BOE has previously stated that negative interest rates had been considered but had been rejected because of the detrimental effects on the banks.

Negative interest rates are used to combat severe deflation, to force lending and spending. I don't think we know at this stage whether we will have severe deflation or not. Negative interest rates may well be coming but I don't think we will get them for some time. Also it is by no means certain that they will have the desired effect.

Things should be clearer in the Autumn.

[diku] 21/5/2020 10:26

The answer is in the last para...to get some attention...





The reality for most of us is there's no access to the gyms and beauty treatments we might usually rely on.

And this can leave people with a totally different image of themselves.

Katy, 23, tells Radio 1 Newsbeat that it's taken time to get used to being without the fillers, nails and lash extensions she usually has.

She says lockdown has made her think about why she gets some treatments done in the first place.

"Over this time period, you've got a lot of time to yourself, it makes you think," Katy says.

"Why am I actually doing this - is it for me? Is it because I feel like I have to look good to other people? What is it I am actually doing it for?"

[alphorn] 21/5/2020 10:09

gnr - great news - I have run GBP down since early 2016. So with your prediction how low will GBP get and IYO when should anyone reverse their positions? A real question and real positions.

[dexdringle] 21/5/2020 10:09

"ACTION 20 May '20 - 21:17 - 9851 of 986

Zero % interest rate coming to USA. how bank can make money?"
-‐--------
It's all about margin between cost of funds and rate at which it is lent out.

Base / savings rate 5% loans cost 10% margin = 5% margin. Base / savings rate 0% loans cost 5% = same 5% margin.

But if rates go negative banks will struggle to pass on negative rates to savers so, if lending rates then fall (especially on base rate linked loans where the bank was stupid enough NOT to add a collar to the base rate which says subject to minimum 0%) the margin is eroded.

The margin after costs is very small (sub 2%) so not much wriggle room...

[poikka] 21/5/2020 10:02

Damned if they do and damned if they don't there, max, as usual.

[gotnorolex] 21/5/2020 10:02

David Frost told the Frenchman an extension is not on the cards. Au revoir !
The Royal Navy's UK Fishery Protection Squadron are preparing for skirmishes in our waters in 2021

[maxk] 21/5/2020 09:04

Exclusive: Virus fading in London as major hospitals report no deaths in 48 hours

However, Culture Secretary Oliver Dowden ruled out regional variation in easing lockdown with the intention to move 'as a whole nation'

By
Sarah Knapton,
SCIENCE EDITOR ;
Tony Diver
and
Danielle Sheridan,
POLITICAL CORRESPONDENT
21 May 2020 • 7:52am

[patientcapital] 21/5/2020 09:00

Poik., don't spoil the narrative.

[maxk] 21/5/2020 08:54

Oink oink ..




Exclusive: peer 'milking' taxpayer by furloughing himself and claiming Lords allowance

Lord Fox, who owns two homes worth more than £2 million, is the first Parliamentarian known to use wage subsidy scheme to pay himself

By
Anna Mikhailova,
DEPUTY POLITICAL EDITOR
20 May 2020 • 9:00pm



A frontbench peer has furloughed himself despite having a £100,000 cash pot in his company and claiming the daily House of Lords allowance during lockdown, The Telegraph can reveal.

Lord Fox, who owns two homes worth more than £2 million, is the first Parliamentarian known to use the Government's wage subsidy scheme to pay himself.

The 62-year-old Liberal Democrat frontbench spokesman for business is the owner and sole employee of Vulpes Advisory, a "strategic communications" company.

His decision to double dip into the taxpayers' pocket was criticised as "milking the taxpayer" by MPs, who said on Wednesday that he should pay the money back.

The peer has chosen to take the £162 daily allowance for his work in the Lords, which is being conducted by Zoom during the lockdown....

[poikka] 21/5/2020 08:34

"U.S.-China tensions have spiked in recent weeks, with Pompeo and President Donald Trump slamming Beijing’s handling of the coronavirus outbreak, in which the United States has been hardest hit.

“This plague has cost roughly 90,000 American lives, more than 36 million Americans have lost their jobs since March; globally 300,000 lives. Could be as much as $9 trillion, according to our estimates, cost imposition on the world of the Chinese Communist Party’s failures,” Pompeo said."

Right on there, Pompeo. HK has special US economic status as being autonomous which has helped it become a financial centre. That could easily change, probably to the benefit of Singapore.

[action] 21/5/2020 08:27

BOE governor talking about negative int rate anger banking stocks are steady as well as Gold . Very weird.

[xxxxxy] 21/5/2020 08:11

And keep up the boycott of goods and products of the EUSSRNo Deal

[xxxxxy] 21/5/2020 08:09

Jeremy Pugh21 May 2020 7:56AMGreat. we have trashed the economy, condemned millions to a future of poverty and suffering, but hey, we have no more deaths in London. Whether that's because the virus has taken it's natural course, or the disastrous lockdown, which so many have ignored is responsible is immaterial and not provable. Just wait for the REAL health crisis to hit, when we have no funding left for the NHS

[xxxxxy] 21/5/2020 07:59

Posted in Uncategorized | 2 ResponsesIn support of Mr Frost's letterBy JOHNREDWOOD | Published: MAY 21, 2020Mr Frost's letter to Mr Barnier told him some home truths. Is the EU stupid or wicked in thinking that the UK wants to stay as part of the single market, and therefore needs to make concessions to do so? The UK has made it crystal clear we are leaving both the single market and the customs union. We have also made it clear we would be willing to grant the EU a Free Trade Agreement, which will help them more than us, as an act of friendship which could also be of modest benefit to us as well.As Mr Frost asks, why is the EU apparently unwilling to offer the UK something similar to the FTAs it signed with Canada and Japan?  They obviously thought those were in their interest.I at last got a speaking slot yesterday in Parliament. I made clear there must be no UK concessions and no extension to the negotiations. Either they come round to an FTA or they do not. It's up to them. The UK will be fine either way. We do not need to pay to trade- not  in money,  not in fish nor by sacrificing our freedoms.

[xxxxxy] 21/5/2020 07:57

John Redwood