Lloyds Banking Share Discussion Threads

[loganair] 25/8/2020 09:45

1. PPI was not fraud, people had a choice of whether to take it or not, I chose not to.

2. The government hit the banks on this PPI solely to transfer wealth from the Savers to the debtors so the debtors could keep on consuming as they had so much debt that they were starting to stop consuming.

In both the USA and the UK all the governments are after is for their people to keep on spending and to keep on consuming as this is the only way they can keep their economies growing as these countries no longer produce of make anything any more.

[geckotheglorious] 25/8/2020 09:42

Early start for you....
Did you wet the bed then Minerve?

[mr.elbee] 25/8/2020 09:31

where is the evidence that is was not?

Most evdence of PPI before 2000 was deleted by the banks ........ they just paid up....

it was mostly fraud by 150 companies and willing punters.

and dont you read the terms and conditions?

the whole thing stinks and tells you EVERYTHING you wanted to know about the move to a communist economic state..

[mo123] 25/8/2020 09:29

JPMorgan Chase is gearing up to launch its digital lender in the UK early next year.

In the first quarter of 2021, the US banking giant will look to go live with signed up suppliers. These include Amazon Web Services (AWS), and 10x Future Technologies, the venture set up by former Barclays chief Antony Jenkins.

[utrickytrees] 25/8/2020 08:48

xxxxxxxx Jock News xxxxxxxx

SNP plot: Boris stands firm as policy paper exposes plan for creation of Scottish army.

It suggests that Westminster pay a rental fee to an independent Scottish government for the two Trident Nuclear Submarine bases, RNAD Coulport and HMNB Clyde, to allow a new Scottish Defence Force to be funded. A spokesman said. 'Obviously being Scotland we want to do things slightly different to the UK, we will start by forming the Scottish Army which will be an equal opportunities employer. As you know we dont have many immigrants because were an economic back water but we do have plenty of floppy fringed militant fat LBGGT'ers & transgenderers who will form the back bone of the unit. Once that's up & running our effort will focus on the Scots Navy. Initially it will be a traditional fleet consisting of row boats & pedalo's but weve budgeted for a couple of jetski's & an inflatable banana which we use for troop deployments.'

[maxk] 25/8/2020 08:32

BBC defies Government by announcing that Rule, Britannia will not be sung at Last Night of the Proms

Oliver Dowden said he had raised concerns with the BBC while No 10 said the PM believed in tackling 'substance' not 'symbols'



By
Victoria Ward
;
Gordon Rayner,
POLITICAL EDITOR and
Amy Jones,
POLITICAL CORRESPONDENT
24 August 2020 • 8:25pm





Last Night of the Proms CREDIT: Max Nash/PA


The BBC has defied the Government by announcing that Rule, Britannia and Land of Hope and Glory will not be sung at this year’s Last Night of the Proms....







Read the comments..

[geckotheglorious] 25/8/2020 08:30

Lloyds Banking Group is facing fresh embarrassment over the HBOS Reading scandal as victims’ representatives warned its second attempt at compensating them risked failing them yet again. The bank has appointed an independent panel to run a “re-reviewR21; of its botched redress scheme for businesses ruined by the fraud, but a group of MPs has warned some victims may “not have a realistic expectation of compensation” second time around. – The Times

[utrickytrees] 25/8/2020 08:09

Covid 19 deal could have a point.

[xxxxxy] 25/8/2020 06:40

Jaguar the brandBy JOHNREDWOOD | Published: AUGUST 25, 2020I would like Jaguar to succeed as a UK manufacturer and have been worried by recent news reports of poor sales figures and issues over a possible partner. The value of the brand rests in part on the loyal following of past Jaguar owners which they need to consider as they plan their future products.The company needs to ask itself why it is selling so few Jaguars. Did it lose past customers by the way it treated them in its search for a new generation and style of customer?When they dropped the S type and went to the XF they allowed the press to write that they were looking for a new younger breed of Jaguar buyer. To find these new buyers they changed from a car which was clearly part of the Jaguar design heritage in modern idiom, to a vehicle that did not have much Jaguar about it. The shape of the XF was similar to the Vauxhall Insignia which did that design well at cheaper prices. They then decided to make the legendary XJ into a stretched version of the smaller car. Maybe that did not work as they hoped.Did they do some selling down? Were they seeking to get established owners to buy smaller and cheaper variants to boost the sales of newer products?In recent years the Land Rover and Range Rover brands have powered far more sales than Jaguar. There the company has managed to preserve the essence of the old whilst creating cars that are clearly new. They have kept more past customers whilst attracting new ones.I read that Jaguar have decided to delay the entry of their electric XJ Jaguar. I presume they have carried out sales research and decided there are too few potential buyers. They should do a bit more research into what people who have liked the brand in the past might buy, as that could still be a useful reservoir of potential custom.What some like about the brand is its past ability to harness great British design and to produce the cars in a UK factory. Some are not looking for a clone of the great Jaguars of the past, but a modern embodiment of the design inspirations that made past vehicles iconic and distinctive in their day . The theme was Grace, Pace, Space. It is important that when they launch a new car it has some of the flair and brilliance of the E type or the Mark II Sports saloon. They were radical new cars on launch, but they kept alive the tradition of beautiful lines, good performance and a more affordable price than many luxury car competitors. The ageing XF and XJ do need replacement. Bring on a proper Jaguar. We need that to restore the sales. There is no fundamental reason why Jaguar should be so far behind BMW or Mercedes in selling cars.

[covid 19 deal] 25/8/2020 06:36

Warning for shorters l...please dont get carried away...virus lost its power to kill...we might not need vaccine...last 2 months only 6 symptomatic patients...all got well with simple treatment...no one died

[freddie ferret] 24/8/2020 23:20

As reported earlier, about 48,000 Lithuanians formed a 32-kilometre solidarity chain from the centre of Vilnius to the village of Medininkai not far from the Belarusian border on August, 23. The event was attended by Lithuania’s incumbent Gitanas Nauseda, as well as ex-presidents Dalia Grybauskaite and Valdas Adamkus, Foreign Minister Linas Linkevičius, and others. The participants were waving white-red-white national flags of Belarus, holding postesr and balloons.

[utrickytrees] 24/8/2020 22:26

Trudeau's such a Quent.

[freddie ferret] 24/8/2020 21:58

May just be the warmer weather.

[covid 19 deal] 24/8/2020 21:37

Warning for shorters l...please dont get carried away...virus lost its power to kill...we might not need vaccine...last 2 months only 6 symptomatic patients...all got well with simple treatment...no one died

[freddie ferret] 24/8/2020 21:21

Some gold bug?

k38
24 Aug '20 - 21:01 - 313137 of 313137
0 0 0
Someone wants all countries bankrupt.. why? New currency, no debt and a new start.
Whom that can be..... hmmm.

[k38] 24/8/2020 21:01

Someone wants all countries bankrupt.. why? New currency, no debt and a new start. Whom that can be..... hmmm.

[freddie ferret] 24/8/2020 20:28

They seem to want our fish.

[ianood] 24/8/2020 20:10

Subtle difference - the banks received a dictat and were instructed not to make payments during 2020, insurance cos were advised to be prudential.

[lefrene] 24/8/2020 20:09

maxk, go to www.wallstreetonparade,com and do a search on 'repo market' back to 17th September 2019. You will discover ther biggest banking crash in all history kicked off on that day, and so far reckoned to have consumed $14 trillion and counting. In all probability it could cost many 10's of trillions more, something like 4 to 10 bigger than the 2008/09 whoopsie. It's my opinion that a smoke screen was needed to obscure the vast amounts of money that need to be created to rescue the banking system. But do a little reading and decide for yourself.

[sikhthetech] 24/8/2020 19:54

UtyINV,

agree, a lot of people don't understand or don't want to understand financials.

Mr Sharma was addressing the banks and not the general public. Like L&G, Lloyds could have refused to axe it's divi but I suspect they wanted to be cautious given the unknown consequences of the pandemic, the furlough scheme, mortgage pay hols. Don't forget banks were compelled to offer payment hols to mortgage and credit card customers. What if these credit card customers default after furlough scheme ends at end of Oct?

I agree there should be more education around financials. As to PPI, where's the evidence that 90% of claims were fraud?

[jl5006] 24/8/2020 19:46

Max
Your guess as good as mine.
Why ? and to what end?

[maxk] 24/8/2020 19:26

Excellent post jl5!


Lies, damned lies, and statistics. .. But why, what is behind the bogus stuff?