Lloyds Banking Share Discussion Threads

[cheshire pete] 04/12/2020 19:47

Well done Alphorn for closing your sterling positions. Looks like you may have timed it well, ref. your earlier post.



Trade talks paused cos still far apart. Now down to Boris and de Ledun.

No surrender Boris.....don't care if LLOY go to 20p. Sooner have our Sovereignty and yes our fish too. French can buy them from us if they're that desperate to have them.

[k38] 04/12/2020 19:35

So Macron like to play games..I am surprised Merkel did not put his trousers down till now and smack his a little frooge boy ass.

[mr.elbee] 04/12/2020 19:35

Yep ,the best bank in the FTSE. no crooks in charge .no public sector debt. all PPI obligations discharged . complete payback to UK government.

so over optimistic? 2/3 of NAV?

No, just the establishment campaign against AHO

[maxk] 04/12/2020 19:16

It's a farce, one problem after the another ... pull the plug...NOW!



Britain accuses Emmanuel Macron of Brexit ambush

France threatens to veto trade pact at last minute
new


Oliver Wright | Bruno Waterfield, Brussels
Friday December 04 2020, 5.00pm, The Times

President Macron is said to want concessions from Britain on fishing and state aid rules




Britain accused President Macron of pushing Brexit talks to the brink today by orchestrating EU demands for “unacceptable” last-minute concessions.

Senior government sources said that Michel Barnier, the EU’s chief negotiator, had ambushed his British counterparts yesterday with demands for the UK to align itself to Brussels state aid rules.

Clément Beaune, the French Europe minister, said that Mr Macron would veto a deal that did not “correspond” to European interests.

Downing Street accepted that the talks, which continued today, were at a “very difficult point” and pointed the blame at Mr Macron. It said that the demand by Mr Barnier on state aid came out of the blue and went back on what they believed he had already agreed.

[jl5006] 04/12/2020 19:08

More from the black stuff - Sprouts
EU will gain from london
Really - Macron is but a micron - good luck in ur wish to usurp london.
Little man loud voice - empty cans make the most noise - and

[nick100] 04/12/2020 18:48

BofA turns bearish on Lloyds Banking as valuation looks 'over-optimistic' https://seekingalpha.com/news/3641755-bofa-turns-bearish-on-lloyds-banking-valuation-looks-over-optimistic

[jl5006] 04/12/2020 18:45

The corrupt and the corrupt
Name one pm or leader = lower case of course - not worth of out else = apart from thatcher - who was just a liar for personal preserve
Corbyn - misguided but true -

[jl5006] 04/12/2020 18:41

Should BJ announce a deal it will be worse than that Treason envisaged,
Y
Bcos he knew and she only wanted to screw 17 million voters - yet she still sits.
That is y I trust no politicians

[misterbluesky] 04/12/2020 18:31

Any deal now will be a fake Brexit with the spin and impression that BJ has struck a Brexit deal in favour of UK and won many major concessions, but in reality won sweet FA.

With the 'backstop' (NI) now firmly in place, a fake Brexit will be worse than staying in EU.

[misterbluesky] 04/12/2020 18:27

Poikka~ Boris Johnson's 'Moonshot' plan picked apart by OWN top medical adviser Dr Jenny Harries

BORIS JOHNSON's "moonshot" plan has been criticised by Deputy Chief Medical Officer Dr Jenny Harries who explained the difficulties with it.



Boris Johnson 'Falsely Representing' Impact Of Rapid Covid Tests, Expert Warns

[jl5006] 04/12/2020 18:22

MBM
What is wrong with a woman who wants to sort things.
And what is wrong with Swift - worked fine for my FXI sale.
LLOY need to shush til u have resolved all ur internal problems.

[minerve 2] 04/12/2020 18:02

In everyway, on everything.

LOL!

[poikka] 04/12/2020 18:01

Bluesky - The usual dimwit band of Brexiteers will be as wrong on Brexit as they have been on coronavirus – but it will all be too late."

Wrong in what way, Bluey?

[k38] 04/12/2020 17:31

Katya is part of the Laura's little BBC mafia.. not to be trusted or even listen to them. BBC must give them the p45.

[jordaggy] 04/12/2020 17:26

I'm guessing Transferwise won't be over joyed...

[mbmiah] 04/12/2020 17:26

Priti Patel is useless. She's just after free holidays

[jl5006] 04/12/2020 17:24

Believe katya - believe ur poos are green

[freddie01] 04/12/2020 17:17

SWIFT enables instant 24/7 cross-border payments


Lloyds Banking Group is the first to go live with the service and the UK is the first market where it is available


Building on the success of a number of global trials, SWIFT gpi Instant has gained its first live link in the UK, with customers of Lloyds Banking Group now able to remit instant cross-border payments through Lloyds via the UK Faster Payments system.
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We’re proud to announce the activation of the world’s first live SWIFT gpi Instant connection, a new service that enables consumers and businesses to send payments in seconds across borders, around the clock via their financial institutions.

Lloyds Banking Group is the first to go live with the service and the UK is the first market where it is available. Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency, robust security and full regulatory compliance.

Unlocking the power of instant cross-border payments

The gpi Instant service works by connecting SWIFT gpi, the high-speed cross-border rails with real-time domestic infrastructure, in this case the UK’s Faster Payments. It enables banks to use existing infrastructure to provide better service 24/7, with faster speeds, clarity on fees and, crucially, predictability on when an end beneficiary’s account will be credited.

And this is just the beginning. Adoption is expected to continue globally as demand for an instant cross-border experience rises. gpi Instant is a building block in SWIFT’s new strategy to enable instant, frictionless payments from account-to-account anywhere in the world.

David Watson, Chief Strategy Officer at SWIFT, said: “We developed gpi Instant with our community through responsible innovation and equal emphasis on four core needs — speed, security, transparency and compliance. We look forward to continuing our work with market infrastructures and financial institutions to bring the benefits of seamless cross-border payments to customers across the globe.”

Ed Thurman, Managing Director, Head of Global Transaction Banking, Lloyds Banking Group said: “At Lloyds Bank we strive to continually evolve and create innovative solutions for our clients. The gpi Instant service is set to be a game changer in cross-border payments and we are very excited to be the first bank globally to offer the service here into the UK.”

Building blocks for success

The gpi Instant service is the culmination of several trials conducted by SWIFT with banks and payment infrastructures.The go-live follows a successful pilot that took place earlier this year and involved banks including Lloyds, Barclays, Commonwealth Bank of Australia, DBS, Wells Fargo and BBVA.

It saw cross-border payments credited to accounts in the UK in seconds and built on the successful proof of concepts run by SWIFT and market infrastructures in Singapore, Australia and in Europe over the past two years.

In September 2020, SWIFT announced a new strategy to fundamentally transform payments and securities processing by retooling cross-border infrastructure to enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions.

At the heart of the new strategy is an enhanced platform which will orchestrate interactions between financial institutions and other participants to minimise friction, optimise speed and provide end-to-end transparency and predictability from one account to another anywhere in the world.

[misterbluesky] 04/12/2020 17:17

The usual dimwit band of Brexiteers will be as wrong on Brexit as they have been on coronavirus – but it will all be too late

All of our main Brexit characters, by whose word we all are bound, have been given this extraordinary chance to prove their utter stupidity and towering wrongness on another subject altogether, coronavirus.

BTW what happened to Boris Johnson MOONSHOT ?

[freddie01] 04/12/2020 17:15

Lloyds is bringing back 10% deposit mortgages for first-time buyers - how it works


First-time buyers will be able to take advantage of a cheap mortgage deal from next week, as Lloyds Banking Group brings back its 10 per cent deposit scheme.

The return of the deal marks positive news for budding homeowners, particularly following a difficult financial year for many, as a result of the coronavirus pandemic.


The deposit deals will be made available from 8 December and will be available from the group’s Lloyds Bank and Halifax brands directly.

The maximum loan buyers can take out will be £500,000, while the maximum loan-to-income ratio will be capped at a multiple of 4.49.

The lender will monitor service levels and the criteria for the deal will be reviewed regularly.

Lloyds’ new 10 per cent deals will not be available to existing homeowners, unless one applicant in a joint mortgage application is a first-time buyer. New build-properties will be excluded from the scheme and an enhanced credit score requirement will be applied.

The deals also cannot be used alongside any other “lend a hand” schemes, such as Help to Buy.

Helping more onto the property ladder

In line with many other lenders, Lloyds pulled its 10 per cent deposit deals around the start of the coronavirus crisis in March, and has since been offering deals with a 15 per cent deposit.

Lenders have become concerned about “riskier” low deposit loans amid the potential for house prices to fall, meaning some borrowers could end up owing more than the value of their home.


Uncertainties surrounding many jobs in the current economic crisis also increases the risk of some borrowers defaulting on their loans.

Just over a fifth (21 per cent) of house sales were made to first-time buyers in October, according to the National Association of Estate Agents (NAEA) Propertymark. This was up from 19 per cent in September, but still marked a six percentage point fall compared with October 2019.

However, the return to a cheaper mortgage deal means more buyers will have a chance to get their foot on the property ladder.

Jasjyot Singh, managing director, consumer and business banking, Lloyds Banking Group said, “Raising a deposit is still hands down the biggest challenge for first-time buyers.

“Reintroducing options at higher LTVs (loans-to-value) means we can support more people ready to get a foot on the ladder.

“We will monitor service levels to make sure we continue to be there for our customers. We also relaunched our Lloyds Bank Lend a Hand mortgage last month, which enables first-time buyers to borrow up to 100 per cent of the mortgage with the support of their family.”

More 10% deals on the market


Several other well-known lenders have also announced plans to re-enter the 10 per cent deposit market, offering new products or expanding access to low deposit deals.

Nationwide Building Society has previously announced plans to increase access to higher loan-to-value mortgage lending.

The bank said from the second week of December, it will be making 10 per cent deposit loans available for house purchase and existing mortgage members looking to move home. This means people will have the same access to 90 per cent LTV (loan-to-value) loans as first-time buyers.

Yorkshire Building Society has also started offering 10 per cent deposit mortgages again after withdrawing lending at this level in the summer. Its new deals are aimed at first-time buyers and existing homeowners who want to move or remortgage.

Accord Mortgages also offers 10 per cent deposit mortgages, while TSB has enhanced its first-time buyer deposit range

[minerve 2] 04/12/2020 17:09

mm2

Rattled?

LOL

Thinking of all you haters at this difficult time. :)

[mr.elbee] 04/12/2020 17:08

a very chocolatey fudge it is then

[polar fox] 04/12/2020 17:00

Tweet from BBC's Katya Adler:

EU contact close to talks: “Both sides are giving it their all. We’ll try and get this done this weekend if at all possible."

unquote

[diku] 04/12/2020 16:45

Goodmans rule the World...