Lloyds Banking Share Discussion Threads

[essentialinvestor] 17/9/2020 14:12

Is it any wonder, it's reported today UK negative rates are being considered.

[lefrene] 17/9/2020 14:04

Utricky, the BBC has followed the empire building path of so many apparatchiks in public organisations across the UK, most of which need to be completely dismantled and rebuilt to fulfil their original reason to exist.

[polar fox] 17/9/2020 14:01

For info, NatWest has traded below 100p today, for the first time. Lower even than 2008-9.

[utrickytrees] 17/9/2020 14:00

The time is up for the BBC, its guise as a national broadcaster was lost years ago, a lot of its news content is just plucked from the internet it's a yard off the pace, and the next 20 years will see it degenerare further with the loss of the licence fee. Wouldn't be suprised if it were only its world service that remained.

[polar fox] 17/9/2020 13:51

For general info, NatWest has just traded below 100p for the first time. It didn't quite get there ten years ago.

[essentialinvestor] 17/9/2020 12:23

I think Marshall Wace understand risk management better than most PI's.

[alphorn] 17/9/2020 12:22

Looking for something on negative rates that must have just dropped the share price

"The bank does make mention of the possibility of negative rates, and that appears to be hitting the pound (NYSEARCA:FXB), which has dipped a few pips, now down 0.5% vs. the dollar at $1.2904".

[chavitravi2] 17/9/2020 12:20

On reading both comments it would seem Marshall Wace may get burned if a lot of p.i's and insti's buy large. They may have to come in fast and large themselves to close their position.

[mikemichael2] 17/9/2020 11:57

Nice of the French navy to escort the boat refugees into our waters.

[minerve 2] 17/9/2020 11:37

Poverty is relative. In a developed country therefore charities who operate on poverty may have the opinion that it is unacceptable for anyone not to have heating, other energy, water on tap and have to go to the soup kitchen for food. Therefore they may create a definition based on income relative to some average. This is quite acceptable IMO and millions would agree with this. If we are to use GDP as some form of measure of how successful 'the country' is then other measures such as this poverty measure discussed above give us some idea of how that additional wealth created is spread amongst us. In other words there is no point growing GDP if the growth is just going to a small minority.

[grahamite2] 17/9/2020 11:34

Those are fair points, Minerve. But a definition based solely on relative figures has to be unsatisfactory, as much so as a definition that's solely absolute.

If you told somebody in 1930s Wigan that, 90 years in the future, people on the dole would have
their own private cinemas (called TVs)
their own cars
enough dole to buy meat every day
etc etc
it would take their breath away. And they sure as hell wouldn['t call it poverty.

[lefrene] 17/9/2020 11:30

careful, what always kills the escape from poverty for the working poor is the constant rise of rents and house prices which mops up any discretionary spending power that might get spent on goods and services, which would increase available jobs and wages. Until the housing element of an economy is sorted (as it was after WW11 until 1974 when Heath wrecked it), you'll never get an economically healthy society.

[geckotheglorious] 17/9/2020 11:24

Poverty is not having:

1) A proper roof over your head - See Shanty towns in South Africa for example for what makeshift homes look like..

2) Fresh clean water on tap

3) Food readily available

4) Free money from welfare

5) Free NHS

6) Ability to heat your house on tap

7) Ability to cook food on tap whenever you need it - Gas /Electric

8) A car to transport hem anywhere at any time they please

Most of those who claim they are poverty stricken get most of the above...

So no, they are not poverty stricken.

[minerve 2] 17/9/2020 11:22

Well yes, of course, all charities are run on donations (and volunteers) but that doesn't mean the reason for the charity and its objectives have conflicts of interest with it raising money. Indeed, if people didn't feel there was any poverty they wouldn't donate. By the fact the charity exists is living proof that many people believe there is poverty and something needs to be done about it. As for the definition, I would be more prepared to take their definition rather than someone on a social network who seems to have no handle on reality whatsoever.

[grahamite2] 17/9/2020 11:12

The current definition of poverty is if I remember, an income of half the national wage.

A definition promoted by the sort of charity that makes its living from poverty. Kerching!

[grahamite2] 17/9/2020 11:09

goldie4017 Sep '20 - 09:25 - 314797 of 314809
0 0 0
have been a business customer for over 50 years with 4 business accounts never been a problem !st class record now am told they are not opening any new business accounts what is going wrong with this bank where has the word loyalty to good customers gone

It might be about reducing risk, as some are saying. But I suspect it's part of a deal with the government over help given at the time of the crisis over a decade ago. In the case of Natwest it goes beyond not accepting new business customers, they have actually written to existing customers inviting them to take their business elsewhere, and what's more, be paid to do so. Supposed to be about promoting competition.

[mikemichael2] 17/9/2020 10:41

Northern Ireland is all about bloody religion, and stupid marches.

[careful] 17/9/2020 10:34

The current definition of poverty is if I remember, an income of half the national wage.
As wages rise and we get wealthier, so do the those defined as poor change.

Not third World poverty, that is grim.

[aceuk] 17/9/2020 10:22

Define "poverty" please

[lefrene] 17/9/2020 10:02

Gecko, I'm of the same view, it feels like the cartoon character has gone over the cliff and the legs are thrashing just before it plummets to the ground. The 90's were bad, this feels like it's going to be worse.

[nemesis6] 17/9/2020 10:00

Northern Ireland if its not causing trouble in one area it is in another....what do we get from northern ireland?? How easy it would be if the whole thing was EIRE and this bl00dy obstacle could be removed for good