Lloyds Banking Share Discussion Threads

[careful] 22/7/2020 12:00

The EU. is insisting that European Court rules disputes between the EU. and the UK on legal differences.

The UK in the past had a big influence on the laws and rules, and always had our representative Judge (of 28) on the ruling panel.

Not so after Brexit.

But can someone explain to me who will be the legal authority on disputes post Brexit.
What do we want here?

[freddie01] 22/7/2020 11:56

Lloyds to take minority stake in payments fintech Form3


The minority stake is part of a broader strategic partnership between Lloyds and Form3.



Lloyds Banking Group is acquiring a minority stake in payments fintech Form3, as part of a broader strategic deal aimed at improving the banking giant’s payment processes.

Founded in 2016, Form3 is a UK-based cloud technology provider of Payments-as-a-Service for banks and other financial institutions.

A key current focus for Form3 is providing support for the New Payments Architecture, the UK payments industry’s proposed new way of organising payments between banks.

According to Form3, the deal with Lloyds will simplify the banking giant's payments capability, meaning Lloyds can develop a cloud-based Payments-as-a-service platform.

The deal, it says, will also help in the banking giant's response to the NPA initiative and beef up its data services.

No details of the size of the stake acquired by Lloyds or financial details of the deal, which is expected to complete next month, have been disclosed.

Oliver Benz, director, Payments Technical Services, Lloyds, said: “Simplifying payments architecture while enhancing security and performance are critical to our digitisation of the group.”

“The potential of the cloud in payments is enormous and is firmly at the forefront of our strategy.”

"We are committed to working with the most innovative technology providers, including Form3, to deliver a range of solutions that push the boundaries of what’s possible while reducing risk and providing customers with an improved digital experience.”

Michael Mueller, CEO, Form3, said: “We believe this is an opportunity to support Lloyds’ transformation using our rapidly evolving technology.”

“The partnership is breaking new ground in collaboration by enabling Lloyds to utilise best in class software built to harness the unique properties of the cloud.”

[alphorn] 22/7/2020 11:52

max - can you expand a little on that article please. Lol

[alphorn] 22/7/2020 11:49

careful - you read me very wrong!

[alphorn] 22/7/2020 11:48

G2 - a very defeatist approach and you know that.

[careful] 22/7/2020 11:43

'Lets shock industry'.
Obviously you or your close family will not be effected.

We are talking about jobs and peoples livelihoods.
Things will get very serious if there is a serious recession.

Very few on this thread seem bothered about the threat to the economy of these disputes.
They do not see the risks.

Everyone hopes things will turn out well with the EU.and China.
But there is serious risk, don't fall for Boris optimism.

Isolationism and protectionism was one of the main causes of the 1930's global economic collapse.

[maxk] 22/7/2020 11:28

Today would be even better. Light a fire under the politicians (all sides)

[alphorn] 22/7/2020 11:26

"No point staying in transition till December imv then".

Very smart thinking - let's really shock industry.

How about terminating next Monday? A bit too late perhaps; tomorrow better?

[geckotheglorious] 22/7/2020 11:19

All the evidence is actually good for it when it is used in outpatient uses.

Nevertheless, the only people who actually say that are a whole pile of doctors who are on the front lines treating those patients across the country and they are the ones who are at risk being forced not to do it," Risch added, arguing that the MSM refuses to cover the benefits of the drug, and is actively silencing those trying to address the efficacy of HCQ

[mitchy] 22/7/2020 10:53

Interesting side line that for the last 3 months there has been more insider buying than selling. Before then there was more selling than buying at circa 50+p.

[geckotheglorious] 22/7/2020 10:45

Dreary defeatism from Careful once again....

I suppose the other members of Five EYES (Canada,Australia and NZ) who are following similar policies in most you list aren't punching above their weight though! Just looking after National interest , freedom,and independence.

Why do so many naysayers think UK doesn't deserve similar? Why do they always claim Britain isn't good enough to have such?

[careful] 22/7/2020 10:24

It seems a whole new World order is emerging post Brexit.

We thought Brexit itself was a big change especially with no deal.
We are re setting our relationship with China and relations are terrible.
Also Russia is a new evil.
The no deal no deal aim with the EU. is on track., relationships poor.
Japan will not give us a roll over trade deal after they have completed a huge one with the EU.
We need to strike a great deal with America to replace some of what is lost elsewhere.

All this and Covid 19.

This looks such a dangerous mess. It seems protectionism is back on the agenda, globalisation is being killed off.
Hope we are not trying to punch above our weight, we need things to be sorted out.

[maxk] 22/7/2020 10:14

That's the wrong kind of news Poikka.

[smartypants] 22/7/2020 10:09

Precious matters...do they?

Well LLOY already back in the gutter....
What will 11.00 oclock trigger today..

[geckotheglorious] 22/7/2020 10:03

No point staying in transition till December imv then.

[geckotheglorious] 22/7/2020 10:03

The government is understood to be abandoning hopes of striking a post-Brexit trade deal in time to meet Boris Johnson’s July deadline, it was claimed on Wednesday.

According to The Telegraph, which quoted unnamed sources only, the government is now working on the premise that current trade talks between the UK and European Union, which started on Monday and are scheduled to end on Thursday, will not result in a deal.

If the two sides cannot agree terms, the UK will have to trade with the EU under WTO terms when the transition period ends on 31 December.

According to The Telegraph, the negotiations have become deadlocked on various core areas, including fishing rights and the role of the European Court of Justice.

The Telegraph said the government was not prepared to move on fishing rights. It quoted a member of the negotiating team as saying: "No trade deal has to be the working assumption, because that’s what we have to prepare for."

The newspaper added that some in government believed a deal could still be struck later in the year, but it would be a "basic deal, not a phenomenal deal".

The UK formerly left the EU on 31 January, but under the 11-month transition agreement, it will remain in the customs union and single market until 31 December, meaning trade is not subject to increased bureaucracy or charges. Under World Trade Organisation rules, tariffs will be imposed and extra checks required.

[maxk] 22/7/2020 10:01

Yes, the €U are very poor at making changes.

[alphorn] 22/7/2020 09:59

Inability to make changes when you are one of the biggest members of a group is poor beyond words.


If anyone disagrees with that statement then wake up and smell the coffee. The WTO is designed so that changes are virtually impossible. This is why there is no agreement since years and years.
Only the USA can make changes by abandoning the organisation a la WHO.

[freddie01] 22/7/2020 09:57

UK close to abandoning post-Brexit trade deal with EU,report claims.

Independent.

[alphorn] 22/7/2020 09:54

The whole business is an incredible sign of weakness.

Inability to make changes when you are one of the biggest members of a group is poor beyond words.

Building a company that has become a global player in a fairly closed shop would have meant that you would have backed off years ago with that approach rather than make your place.

Leaving has been a sign of weakness not strength and at present the UK is sitting in some form of vacuum. I just hope that someone sees the light in time rather than have these amateurs fronting the negotiations.

[maxk] 22/7/2020 09:53

Chlorinated salads are fine tho..

[utrickytrees] 22/7/2020 09:49

No chlorinated chicken then Alps....oh rats.