Lloyds Banking Share Discussion Threads

[minerve 2] 28/6/2019 23:23

The truth is if we are outside the largest trading block in the world we are at a disadvantage.

No matter what the Little Englanders band on about that is a FACT.

[m4rtinu] 28/6/2019 22:45

So what part of the State School Curriculum does this?

"Doesn't help that the state school educational system has been brainwashing people to think Socialism is a good idea."

I'd love to know.

[xxxxxy] 28/6/2019 22:07

Deutsche Bank may cut up to 20,000 jobs in radical revival plan




WTO Rules 28 Jun 2019 8:22PM

DB is going to make RBS look like a good bet!



I have "people in the know" in the City who will now not even deal with DB for fear of default!!! And I mean BIG FE players.....

Mark Hammond 28 Jun 2019 7:21PM

So much for Frankfurt rivalling London.


Christopher Bettinson 28 Jun 2019 7:03PM

Wonder how long before the EU trolls come out denying there’s no serious problems in German banking!





DB is sitting on TRILLIONS of bad derivatives in collusion with the now defunct ECB - they WILL go bust and when they do, they will bring down ANY EU country / bank associated with them.



IF, and it is big if, the UK can get out before that happens, we will be in an even stronger "negotiating" position than we are now.



Essentially the EU is now busted flush - their banks, including the ridiculous ECB has no future.



The UK must leave NOW or face possible EU financial contagion

[xxxxxy] 28/6/2019 21:46

Boris for PM

Let's

LEAVE the EUSSR


LEAVE ans WTO

[xxxxxy] 28/6/2019 21:42

Trading under WTO rules

By JOHNREDWOOD | Published: JANUARY 10, 2019

There is a lot of confusion and deliberate misinformation about trading under the WTO. Here are some facts that might help.

1. All our current trade is under the WTO, as the EU is a member. The UK will become a full member with vote and voice as soon as we leave the EU, as we never surrendered our membership when we joined the EU.
2. There is no WTO schedule of tariffs that automatically comes in. Each member of the WTO files its own tariff schedule and trades with anyone under that who wish to trade. The WTO requires a member to trade with any other member on the same terms, unless there is an approved Free Trade Agreement that exempts the countries from the common tariff of the Schedules. A country is always free unilaterally to cut or remove tariffs.
3. If a country’s trading terms are disputed by another member there is a dispute resolution procedure. A dispute does not stop trading under the published terms whilst the dispute is being resolved.
4. The EU does not have Free Trade Agreements with the USA, China, Brazil etc so we trade successfully with them at the moment under WTO rules and under the tariff schedule set by the EU. Once out we can sign Free Trade deals with these countries removing these tariffs, or could cut some of the tariffs unilaterally any time we wanted to make imports cheaper.
5. The so called side deals the EU has with these countries are mainly unimportant or unrelated to trade. Some are multilateral agreements that the UK has signed anyway.
6.The one agreement we currently have through the EU that may be important, the General Procurement Agreement, gives us access to public procurement opportunities in signatory states, and gives them the same access to the UK. The WTO has now agreed the UK will be a member of that Agreement in our own right on departure from the EU.
7. The EU has free trade agreements with a number of mainly smaller countries. The top five, Switzerland, Canada, Korea, Norway and Turkey account for three quarters of the exports involved. Switzerland, for example, has agreed to continue all current preferences with the UK as well as with the rest of the EU on our exit. No country with an FTA with the EU has indicated any wish to terminate the agreement with the UK once we leave. Transferring the current deal to both the remaining EU and to the UK is a relatively straightforward process.
8. The WTO does not require us to impose new checks at borders or delay imports into the UK. They recommend risk based checks. As the risks of EU product will not go up the day we leave the EU there is no requirement to impose new difficult checks.
9. If the UK and the EU agree to negotiate a free trade agreement once the UK has left the EU on March 29 this year, we could agree to impose no tariffs on each other and would get WTO consent to not impose them pending the negotiation of a full free trade agreement.

Peter Lilley has published a good pamphlet with Global Britain and Labour Leave setting out more detail called “30 Truths about leaving on WTO terms”

[xxxxxy] 28/6/2019 21:39

Why are we so popular?

Maybe this is not a question you would expect from a newly-elected Member of the European Parliament. I stood for The Brexit Party in North West England and was one of three Brexit Party candidates who was elected there in May 2019.

The Brexit Party received almost one third of the votes at the election, even though the party had only been launched six weeks before.

Currently we are sifting through well over 3,000 CVs of potential candidates for the next general election. Obviously this is down to us all being absolutely fabulous at what we are doing – or is it? We do have a very diverse, dynamic team headed by people who have been committed over decades to bringing government back to the UK from Brussels. We all work hard and collaboratively. And some of the party’s popularity is due to an ever-increasing number of voters who feel cheated that their vote has been contemptuously ignored after the 2016 referendum. Let us not forget the democrats who voted to Remain in 2016 but who are embarrassed by the political elite’s behaviour. But unfortunately I do not believe that these are the only reasons for our success. I am astonished at the number of people who tell me that they have been Labour or Conservative for decades but no longer feel they have a home in politics. It does happen with Lib Dem voters as well, but not as often – maybe that is because, judging from the 2017 election, there aren’t that many consistent Lib Dem voters around! Voters feeling that they do not have a party that represents them any more concerns me deeply. If people do not feel that they have any democratic influence then it is every man for himself and our society divides along ethnic, religious and tribal faultlines. It is not leaving the EU that is causing a rift in our society, it is staying in the EU, the lack of democracy and the refusal of politicians to honour their manifestos that causes the rift. And, by the way, the lack of democracy is exactly the reason why I am against the EU both as a concept and in practice. It distances the electorate from the seat of power, geographically and administratively – and with no accountability. If our two old parties are failing such a huge number of people in this country, then we need to do something about it quickly. The old parties will need to change their ways, their MPs in Westminster will have to listen to their constituents rather than only listening to their colleagues (or more to the point, their whips) in the Westminster bubble. So I have a simple message for them: be warned, if you don’t change your ways, the voters will do it for you and vote for The Brexit Party.

[patientcapital] 28/6/2019 21:34

It just seemed strangely predictable that when Ford sacked people here there was an outcry of horror due, apparently, to Brexit but that when even more are sacked in Europe not a squeak. Germany, of course, is a He. My mistake.Who is Kate? I don't watch Coronation Street.

[bargainbob] 28/6/2019 21:03

Trying to reason with Brexiteers.

[cheshire pete] 28/6/2019 21:03

Oddschecker: odds on Boris shortening, odds on Hunt drifting.

[poikka] 28/6/2019 20:51

No probs, the EU can have Old Kent Road (Argentina, Brazil, Bolivia and stuff), while we go for Mayfair and Bond Street (USA).

[crossing_the_rubicon] 28/6/2019 20:49

Agree with Gaffer and Edmundshaw.
It's about who governs us, and it isnt about personal gain.
I'm happy to lose some of what I have to ensure we govern ourselves.

[poikka] 28/6/2019 20:42

"The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.

The two parties began negotiating in 1999 but talks accelerated after US President Donald Trump's election in 2016 (Ahem, nothing at all to do with Brexit then, BBC??). As a result EU-US talks were frozen.

The EU has also concluded trade agreements with Canada, Mexico and Japan since Mr Trump's election" (Ahem, Brexit, BBC??).

Didn't take 'em long when they saw the writing on the wall!

[mr.elbee] 28/6/2019 20:37

How interesting,Ladeside..You are way ahead of me..I used to teach east Europeans and thought they were great..good sense of humour and,as you say,normal.

It really is finished here completely , there will be no way back to normality because so many of the young are now abnormal, and the elite are off the scale.

To an old Brexiteer like me, where would you recommend for an escape plan? I swim in the sea 5 months of the year , but don't like too much heat..lakes are good.. I shall check out your Polish beach suggestion.
Many Thanks in advance.

I speak a bit of French and German .Any use over there?

[grahamite2] 28/6/2019 20:02

Jacko writes some good stuff on other threads.

On an American non-investment site I used there was a chap with a fanatical hatred of Jews and Britons. But if you ignored that, he was a very acute analyst of the American political scene.

[alphorn] 28/6/2019 19:45

Grahamite - have just peaked. Friends again.

Jacko writes some good stuff on other threads. Lloyds has an effect on people. ;)

All this job trimming around the patch does not bode well. It may all hold together until the end of the year? What do you think?

[grahamite2] 28/6/2019 19:26

Are we friends again Alphorn?

I really don't know what I did to deserve your extreme ire, especially when you're happy to read posts from jacko which go way, way beyond anything I've ever written.

[freddie01] 28/6/2019 19:23

BASF Plans to Cut 6,000 Jobs as Demand for Chemicals Slows

BASF SE plans to cut 6,000 jobs worldwide in the face of a slowdown in demand for chemicals, with the German manufacturer unveiling the headcount reduction on the same day as Ford Motor Co. said it would eliminate a fifth of its workforce in Europe.

BASF’s trimming of about 5% of the payroll -- half at home in Germany -- will generate savings of 300 million euros ($341 million), the Ludwigshafen-based company said in a statement on Thursday. The shares gained 1.6% in Frankfurt.

The overhaul at BASF came on the heels of Ford’s announcement of job cuts aimed at tackling falling sales in the region and weak profitability. The moves underscore a drop in June of Euro-area economic confidence to its lowest level since 2016 as deepening trade tensions and a more cautious outlook for the global economy weigh on business and consumer sentiment.

BASF’s decision also comes at a time when demand for chemicals is falling at a range of industries from cars to electronics. Earnings at chemical producers including HB Fuller Co. and LyondellBasell Industries NV have already revealed weaknesses in sectors like coatings and plastics.

The BASF job cuts are part of Chief Executive Officer Martin Brudermueller’s plan to boost earnings by 2 billion euros through a simplification of the world’s biggest chemicals company. He also plans to sell more higher-margin products rather than simply delivering barrels of basic chemicals.

Changing Culture

In addition to the cuts, BASF also plans to make 29,000 jobs more flexible through the deployment of engineers, digital experts and other employees to different sites or business units when needed. The modification represents a sweeping change to BASF’s work culture, where personnel have traditionally been assigned to specific units.

Talks on a labour deal at BASF’s flagship chemical complex in Ludwigshafen will get underway earlier than planned, the company said. German engineering giant Siemens AG is also eliminating jobs in the country at its power division, having undertaken months of negotiations with labour unions to hammer out a deal.

[gaffer73] 28/6/2019 19:15

Good question. I'm steadily building a large stake here for a long term hold. Looking forward over the next few years I believe this will be 80p+ but I'm also attracted by the divi. Monthly movements don't concern me so I'm not bothered about the Brexit effect. If you are looking for the bottom though you might want to wait until afterwards.

[maxk] 28/6/2019 19:04

Deutsche Bank may cut up to 20,000 jobs in radical revival plan



Lucy Burton, banking editor
28 JUNE 2019 • 5:37PM


Deutsche Bank is weighing up plans to slash up to 20,000 roles after vowing to make "tough cutbacks" at its shareholder meeting last month.

Sources told the Wall Street Journal on Friday that the German bank, which has more than 90,000 staff and is one of the City's biggest employers, is debating whether to cut between 15,000 and 20,000 jobs worldwide.

The cuts, if they go ahead, will come as a blow to staff who only recently breathed a sigh of relief when the bank walked away from merger talks with German rival Commerzbank, a tie-up which unions said would have resulted in up to 30,000 job cuts.



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