Lloyds Banking Share Discussion Threads

[crazi] 18/11/2020 16:17

Tell that to the families of the hundreds of thousands of dead from Covid...

[utrickytrees] 18/11/2020 16:15

Crazi I covered that in post 727. That figure is the Scottish debt by population ie total UK debt÷ uk population × the population of Scotland. It is NOT the debt that Scotland have actually racked up! Think about it Scotlands DEFECIT is 7x higher than the UK. Without Scotalnd the UK would have very little or no debt whatsoever.

[crazi] 18/11/2020 15:03

Utrickytrees - About 75% of that debt is Scottish.

The Office for Budget Responsibility forecasts that by 2016-17, UK debt will be £1.6 trillion - Scotland’s share of the debt would be £132bn.

£132bn of £1.6T = 8.25% (hardly 75% of the debt)...

[alphorn] 18/11/2020 14:54

M2 - my German ones are bone dry; 2 British ones must have been built in Wales - they 'leek'. ;)

[minerve 2] 18/11/2020 14:50

"Perhaps related to that poster brain 'willoic' who wanted to get rid of all German transmissions."

Good luck with that one! LOL

Nothing wrong with a German transmission. I think my auto is 9 forward gears and 3 reverse - linked to a 3.0 litre V6 is very nice.

[minerve 2] 18/11/2020 14:35

"How anyone could vote for that is beyond me and always will be."

Absolutely!

It sometimes leaves me speechless.

[geckotheglorious] 18/11/2020 14:26

More vote fraud!

18 million more votes!!!

“Thousands Of California Homeless Participated In The 2020 Presidential Election...For A Price.!”

[k38] 18/11/2020 14:20

I don't like it .... CNN the last 2 days has stop the aggression against Trump administration. They use the channel 24/7 against Trump and his name come up over thousands of times every day.Now only a few hours in the evening you hear news about the election. Do they feel overdone it with lies and propaganda? Do they expect a reverse of media decision proclaiming Biden the winner ? Or are afraid of being found guilty of fraud. I don't like it.

[alphorn] 18/11/2020 14:12

#719. Is that because of the Mercedes holding in AML and its engine and component supplies. At least some of the stuff should work now.

Perhaps related to that poster brain 'willoic' who wanted to get rid of all German transmissions. Well he won't be buying an Aston now. ;)

[utrickytrees] 18/11/2020 13:04

About 75% of that debt is Scottish.

[freddie01] 18/11/2020 12:58

Standing up for the recovery: an interview with Lloyds Banking Group’s London ambassador


Ed Thurman has a different perspective – literally – from most people on banking and how the country can recover from the pandemic.

Firstly, he holds two very different senior positions at Lloyds Banking Group: managing director for global transaction banking and ‘ambassador for London’. Secondly, he is 6ft7in tall and has spent most of his working days during lockdown (literally) standing up at his home in Wimbledon.
“Sitting at a dining-table designed for occasional use isn’t good for your back if you’re 6ft 7,” he says, reflecting on the practicalities of working from home. A height-adjustable desk recommended by his physio has, he says, been a “game-changer”. For as long as home working is required, he plans to be vertical for “about 90 per cent” of the day.

The 49-year-old is talking to City AM (by videocall) to reflect on ‘The Big Conversation: Helping Britain Recover’ – 22 (virtual) events held over the past few months across the country. Thurman hosted the series’ final event, ‘Rebuilding London – Providing Great Housing For A Great City’, on 6 November.


“At Lloyds we’re in a great position to pull together stakeholders of all descriptions on a variety of different issues,” says Thurman, explaining the rationale: “We wanted to hear what people’s priorities are.”

Challenges ‘more acute’ in the capital
The Big Conversation focused on different topics for each location and, for London, housing was selected as the focus. The discussion flowed across topics ranging from the need for more affordable housing to government policy reforms. Participants agreed that the capital is home to various unique challenges.

London is, Thurman says, certainly “trickier” to navigate than other regions and cities, with stakeholders ranging from the London Assembly and 32 boroughs to the City of London Corporation and central government.
“There were definitely interesting interventions around London often being a nightmare to get things done in,” says Thurman. “Affordable housing in London is a real challenge. We know the space is there to build, so it becomes a planning issue – you get elements of that in other regions but it is more acute in London.”

London is particularly significant for Lloyds as an employer. “About 11,000 of our 65,000 staff work here,” says Thurman. “I have an incredibly diverse group of colleagues. Part of my job as London ambassador is to get people involved around big issues – the agenda is evolving and the housing discussion was a good example.”

As well as the fintech sector, the (partly related) ‘skills agenda’ – for example, digital literacy – is also a personal priority. “There is a huge synergy between digital inclusion and financial inclusion,” he says. “The more digitally enabled our customers are – whether they be individuals, charities or businesses – then the better they are able to manage their finances, and the more successful you are at raising donations if you’re a charity, for example. That then has a positive impact on people’s wellbeing.”

‘Building on the trust people have in us’

Lloyds has 10 regional ambassadors in total (the roles were created five years ago by chief executive António Horta-Osório), with all involved in The Big Conversation.

Thurman explains Lloyds’ programme of regional engagement, as embodied by its ambassadors and now The Big Conversation, as “building on the trust people have in us”.

The Big Conversation culminates in a report, due to be published later this year. “We’re using it as a platform to progress issues that are important to our customers, colleagues or our communities,” says Thurman, who hails from Nottinghamshire but has lived in the capital for almost three decades.

“For example, in the East of England, the agricultural economy is so important. We have got a big agricultural sector relationship team and, in East Anglia, you get heightened interest in the Brexit transition, subsidies from the [EU] Common Agricultural Policy and so on.”

“I think more regional thinking and engagement is important – it’s aligned to [national] policy priorities around that, too. Our view as Lloyds is that we have part of the answers [to regional challenges] potentially but how we get to a bigger solution is by engaging with lots of different people in a structured way, to put something a bit more holistic together.”

Aiming for ‘best possible’ turnaround
Separate to his London ambassador role, Thurman’s ongoing focus is leading Lloyds’ global transaction banking team.


But the travel restrictions imposed during the pandemic have inevitably paused a personal annual travel schedule that typically includes three visits to the USA and Asia, as well as forays to continental Europe. “I don’t think we’ll go back to that same [travel] pattern and I think everyone is a lot more comfortable doing sessions in videocall format than they used to be,” he says, looking post-Covid. “But I do think face-to-face interaction with clients on a regular basis will continue to be an important part of how we do banking.”

His overarching priority is helping Lloyds’ clients through the crisis but also trying to understand how their needs – and the bank’s ability to help – will evolve after the pandemic.

Lloyds’ UK Recovery Tracker, which provides data-informed insight into the shape and pace of the recovery, as well as The Big Conversation are key to helping him do just that.

“We spend a lot of time working with clients to help put them in the best possible position for the turnaround. So, when people re-start their businesses or pivot their business in different ways, the bank is there for them. That’s what matters,” he says.

[bargainbob] 18/11/2020 12:38

Labour national debt record
1997-2009 increased national debt from £400b to £1000b.
Then Tory’s said we needed austerity for 10 years to get that debt cleared
Tories took over 2009-2019 (not including corona debt in this)
Over £2,000 Billon.
They more than doubled our national debt try to eradicate it!

Now with a sea of corrupt Tory Emergency contracts hiding under the Covid carpet
I’m confident they can add another £Trillion in there.

The punch line from the above Tories, but an Independent Scotland would rack up debts? FFS

How anyone could vote for that is beyond me and always will be.

[geckotheglorious] 18/11/2020 12:32

Pelosi Grapples With Slim Majority And Socialist Factions As House Dems Seek Path Forward
As Senate Democrats regroup after failing to regain control, Rep. Nancy Pelosi (D-CA) is now faced with the challenge of uniting the House amid heated internal debates over the role of socialism and left-wing priorities amid a slimmer majority after losing as many as 10 House seats in the election.



Interesting

As MSNBC notes

"One of the most surprising trends in the exit polls was that Trump seems to have gained traction with every single demographic of voters, with the exception of white men"

[poikka] 18/11/2020 12:31

"France is understood to have accepted its fishing rights will be reduced"

They'll just ignore the new quotas. Tell me I'm wrong.

[maxk] 18/11/2020 12:30

Or any administration mr.e?

Still, this one could make or break. If Doris wants to be remembered in a good light, he had better not try and pull a fast one.

[boxerdogz] 18/11/2020 12:24

This black horse , british through and through is going to make us all wealthy, just like AML .....thanks to those damn Germans

[mr.elbee] 18/11/2020 12:21

And pray tell me when this administration respected the wishes of the British people over

ANYTHING?