Lloyds Banking Share Discussion Threads

[mitchy] 17/12/2019 08:55

Pound taking a hit on possibility of a No Deal brexit but that's extremely unlikely. Boris would make good second hand car dealer...he'll get a deal . Plus the pound is just back to Fridays open. We should see some support now I'm guessing.

[poikka] 17/12/2019 08:36

Great, no extension. Brussels - OMG, we're going to have to do some work.

Bit of profit taking today, unsurprisingly except for those who still think that SPs rise forever.

[bartram] 17/12/2019 08:26

Talk about shooting yourself in the foot. why take any extension off the table, it seems bonkers. I hope this stonking majority doesn't go to his head.

[w5amh] 17/12/2019 08:24

I don’t agree with Min on many things ,but he is right about Cummings being ugly

[mr.elbee] 17/12/2019 08:24

you got it mitchy!

[jam2day] 17/12/2019 08:17

this is why:-

But an amended Withdrawal Agreement Bill the Commons is set to vote on this week would rule out any extension.

Critics say this raises the chance of leaving the EU without a trade deal.

[maxk] 17/12/2019 08:17

Tuesday morning news briefing: Beefed-up Brexit Bill revealed



Boris Johnson to enshrine 2020 Brexit in law


Boris Johnson is to use his majority to push through a radically altered Brexit Bill. The Prime Minister wants to "legally prohibit" Parliament from extending the transition period beyond Dec 31 next year. It would guarantee Britain leaves the EU fully - with or without a trade deal - by the end of 2020 as part of a beefed-up Bill to be put to Parliament on Friday. As Political Editor Gordon Rayner explains, it would prove to voters that Mr Johnson has ...



Paywall:

[gaffer73] 17/12/2019 08:15

Good result and we drop!

[mitchy] 17/12/2019 08:13

Half back in at 64.54p

[bbonsall] 17/12/2019 08:10

Ah well, I hope the supporters are pleased with the effect it has had on Lloyds share price this morning!

[joe say] 17/12/2019 07:37

Minerve thinks the electorate are all as stupid as him.

The media this, the media that - well that worked well with Project Fear so his argument would actually suggest the anti-semite would have romped home

Or maybe the simple answer in all cases is that the public just thought through the choices for themselves.

[grahamite2] 17/12/2019 07:17

It rather looks as though Boris's government is going to be the first genuinely conservative government since Mrs Thatcher.

So glad I stumped up the 25 quid to vote for him!

[xxxxxy] 17/12/2019 07:09

No delay to full exit at end of 2020By JOHNREDWOOD | Published: DECEMBER 17, 2019It is welcome and necessary for the government to rule out any further delay to our exit from the EU. The EU agreed to a Free Trade Agreement in principle. It is quite possible to produce one in time. If the EU thinks we will delay again they have an incentive not to agree anything.

[jordaggy] 17/12/2019 02:02

LLOYDS BANKING GROUP PASSES BANK OF ENGLAND STRESS TEST

Lloyds Banking Group (the Group), together with six other financial institutions in the UK, has been subject to the 2019 stress test conducted by the Bank of England (BoE).



This year's stress test scenario is broadly the same as the last two years and is the most severe test that the Group has faced and more severe than the last global financial crisis. The scenario combines rapidly rising interest rates and unemployment, in conjunction with significant falls in property prices and GDP. In particular, base rates rise to 4 per cent in the first year and remain at this level for a further three years, GDP reduces by 4.7 per cent in the first year, unemployment increases to a peak of 9.2 per cent in the second year, and UK house and commercial property prices fall 33 per cent and 41 per cent, respectively over the first three years. In addition to these economic factors, and in line with previous years, the stress test also reflects other risks including conduct.



In line with 2018, this year's stress test runs under the IFRS 9 accounting standard and requires the immediate recognition of expected losses on a perfect foresight basis, rather than reflecting incurred losses. The BoE assesses the stress test results on an IFRS 9 transitional basis, in line with the phased implementation approach. Results are also shown on an IFRS 9 fully-loaded basis.



Result of the stress test

The Group has passed the stress test on a transitional basis with the BoE calculating the Group's transitional CET1 ratio after the application of management actions as 8.5 per cent and its leverage ratio as 4.3 per cent against the hurdle rates of 7.5 per cent and 3.47 per cent, respectively. Despite the severity of the stress test scenario, the Group exceeds the capital and leverage hurdles after the application of management actions. Given this performance, the Group is not required to take any capital actions.



The Group's capital position remains strong having reported a CET1 ratio of 13.5 per cent and a leverage ratio of 4.9 per cent, post dividend accrual, at 30 September 2019. The Group also continues to be strongly capital generative with free capital build for the first nine months of the year of 149 bps pre PPI.

Looks like they can easily afford to hand some more cash back to us share holders!

[k38] 17/12/2019 00:27

Don't forget the rice too, or was spaghetti....lol

[minerve 2] 16/12/2019 23:38

If Labour want to make gains they need to break the tabloid/lemming connection.

Cliff edge this way lemmings.

Boris promises you 40 virgins.

[minerve 2] 16/12/2019 23:30

cheshire

It is tabloid media all the time. Chimps are easily fooled.

The anti-semitic nonsense against Corbyn was ridiculous.

You have to ask WHY the people didn't like Corbyn. You will find that tabloid media put them off.

But I am wasting my time explaining these things on someone like you.

Now wonder you haven't done anything of note in your career or life. Ever stopped to think why?

LOL

[cheshire pete] 16/12/2019 23:13

Blame it all on the meeja, the breath taking arrogance shown by labour who just can't accept people didn't like what they were offering or their man at the top. Until they can they have no future.

[cheshire pete] 16/12/2019 22:56

Tax rebates and benefits to teach everyone abseiling so we're ready for when the cliff edge comes lol.

[cheshire pete] 16/12/2019 22:52

Cummings genius. He masterminded vote leave campaign. He masterminded Boris's election campaign and could see what the labour momentum numbskulls couldn't...that Corbyn was unelectable to leave voters in the labour heartlands.