Lloyds Banking Share Discussion Threads

[poikka] 31/7/2019 10:26

I struggle with your logic, careful: yes the EU is on our doorstep, but no-one is suggesting that we stop trading with the EU, we are just looking to spread our wings once we leave, hence the visit to ASEAN by Raab.

Get it?

[alphorn] 31/7/2019 10:22

Scanning the posts from vacation.

- note Max did not copy the Telegraph article about expats buying UK property at 50% discount. Did not fit his agenda. (note : there was some loon on this thread talking about the opposite a while back).
- Willoicc continues to waffle along about not buying German cars. If he looked at the current exchange rates he would, at most, be able to buy a second hand Lada. So don't worry.
- G2 ashamed at you saying that the forex moves are irrelevant. Read up again about Harold Wilson.
- results underwhelming and credit defaults still to come.

[mr.elbee] 31/7/2019 10:21

...except NOT respond to legit complaints ,and waste everyone's time and money.

[minerve 2] 31/7/2019 10:20

More to come because of the Tory sh1tfest.

[skinny] 31/7/2019 10:20

They don't do anything......

[mr.elbee] 31/7/2019 10:20

he better start bombproofing his ear,then

[mr.elbee] 31/7/2019 10:18

you are talking fairness,there pally. The FCA doesn't do that.

[pally12] 31/7/2019 10:15

Claims don't necessarily mean paymentProbably people just putting claims in which have been refused before should be a rule when you've put in one and been refused before not allowing to out in a claim again

[optomistic] 31/7/2019 10:10

It would be very interesting to see how much Lloyds actually showed as profit from the PPI receipts...have we paid out more than we took in?

[careful] 31/7/2019 10:08

I see Boris talking to Welsh sheep farmers.
Over 90% of their produce goes to the EU.
One farmer explained how he had built up his family business over 40 years and could not see where the 'new markets' were as has been discussed.

At last Boris is getting out there.
Redwood can sit in his dark library researching agriculture, then writing a long essay on how good brexit will be, but there is no substitute for hands on experience.

Boris in undergoing on the job training, and he is Prime Minister.
He could become a great prime minister if he gets it right.

There is a big difference between thousands of fans shouting obscenities from the terraces and the team manager who has to deliver.

[willoicc] 31/7/2019 10:06

England has 84% of the UK's population.

If Boris allows himself to be dictated to by the other 16%, then he will lose England and he will be out on his ear.

[eisler] 31/7/2019 10:04

Gold almighty - will there ever be an end to PPI claims? How many more years?

[jam2day] 31/7/2019 10:03

so it has taken a personal visit to Scotland, Wales and Northern Ireland for the Boris to grasp the realities - the mind boggles

[montyhedge] 31/7/2019 10:02

Sterling domestic earners, especially U.K. banks not the place to be. Ftse 100 dollar earners that's the place, weak sterling, massive profits, GSK, Shell, IAG etc.

[careful] 31/7/2019 09:57

Boris Johnsons comment on the customs union is very important.
it was one of Theresa Mays ridiculous red lines.

There is a big difference between promising the anti EU. the no deal brexit they crave, and actually being given the job of running the country for the benefit of all.

Just imagine his first visit to the queen. I bet they discussed her concerns of the break up of the Union, Scotland, Ireland and Wales.
She has subtly talked about this in the past.

Boris has since visited each country and now begins to understand the realities.
He is a smart bloke and understands that politics is about compromise and the art of the possible.

I think he will get a deal.

[shy tott] 31/7/2019 09:46

It's not often i agree with you careful, but no one can doubt the eu is a very trying block.

[jordaggy] 31/7/2019 09:46

Guardian...

Lloyds Banking Group has been forced to put aside more cash to cover a late rush in customers claiming they were mis-sold payment protection insurance, bringing its total bill for the scandal to more than £20bn.

The lender took another £550m in PPI charges in the second quarter, following a “significant increase” in customers requesting information from the bank ahead of the 29 August claims deadline. Lloyds said the queries would lead to a rise in total complaints and administrative costs.

The provision pushed pre-tax profits down by 7% to £2.9bn for the six months to end June, disappointing analysts who had been expecting a figure of more than £3bn. Total PPI provisions for the first half were £650m.

Lloyds said the total number of complaints it could receive is still unclear. However, it now has a war chest of about £1.1bn to deal with a further rise in the total number of claims from 5.6 million to 5.8 million by the deadline.

The lender, which first started taking claims in 2011, has racked up by far the largest PPI compensation bill of all the banks for what has become the UK’s largest-ever mis-selling scandal.

Lloyds chief executive Antonio Horta-Osório said the bank was also keeping an eye on the impact of Brexit. He noted a drop in business investment and hiring plans across the UK in the second quarter, but said he was optimistic giving Britain’s high levels of employment and the rise in real wages.

Lloyds said it was “proactively” monitoring Brexit developments and assured that “various initiatives are in place” to safeguard against the risks of a no-deal Brexit, particularly for its commercial loans division.

Horta-Osório said: “The group has continued to make strong strategic progress during the first half of 2019 and delivered a good financial performance with market leading efficiency and returns. The economy has remained resilient although economic uncertainty has led to some softening in business confidence as well as in international economic indicators.

“In this environment our strategy continues to be the right one and we are well placed to support our customers and continue to help Britain prosper.”

[careful] 31/7/2019 09:43

Raab says that we should trade more with Asia, we have focussed too much on the EU.

does he not understand that the EU. is a $20tr trying block, right on our doorstep.
Geographical location is very important.
Asia is thousands of miles away.

And we trade with Asia quite well already.

[mr.elbee] 31/7/2019 09:34

he's a luvvy what else do you expect?

[shy tott] 31/7/2019 09:33

An activist for more windmills, then when they're planned a half a mile from his country pad, an activist against windmills.

[mr.elbee] 31/7/2019 09:32

I agree Graham,but Bailey appointed this humble functionary to be the enforcer and mouthpiece ...Her comments live on Sky were appalling...……. ,and a black bin liner would have improved matters visually,but not by much.

So when the Great and the Good talk about Bailey running the Bof E, I really shudder.Corbyn is anti capitalism...we don't really want another.

[broadwood] 31/7/2019 09:30

cm 44. Yep, all good thanks.

At least made up bigtime on GBG (up around a 1000%), Boo Hoo, Hikma FeverTree and Smith and Nephew to name a few.

Lloyds struggles in an environment of low interest rates with the consequence for Net Interest Income.
I can hardly believe there's anyone left on the planet who hasn't claimed for PPI.

[grahamite2] 31/7/2019 09:28

mr,elbee, Meghan Butler is a humble functionary, an instrument of those who really call the shots.

But you could be right. Nothing is impossible these days. The only thing that's certain is that we are living the decline and fall of our civilization.