Lloyds Banking Share Discussion Threads

[joe say] 20/12/2019 09:37

Rubicon - you're wrong - the sweaties do subsidise us so just as in our exit agreement they should continue to pay their ongoing obligations for a transition period

Bye

[crossing_the_rubicon] 20/12/2019 09:35

"Looks like Scottish independence is going to be the new Brexit, months of moaning"

Not if Scotland gives England & Wales a vote as well.

What Scots must realise is leaving the Union means

1) Your share of Oil
2) Your share of national debt
3) We'll relocate Trident south
4) No more Barnett formula
5) No more political inspired Defence contracts for Clyde et al
6) An end to Single Market MEMBERSHIP for Scottish exports to rUK
7) Border controls
8) Tariffs
9) Hadrians Wall rebuilt
10)No more excuses for Scottish politicans - everything will be on them


Get's my vote. And most likely much of England & Wales.
Scottish independence a dead cert.

[crossing_the_rubicon] 20/12/2019 09:28

@post 287337
Hahahaha Scotland subsidises England..

Hahahaha
Like hell it does.

Sooner we get rid of the sweaties the better.

[gotnorolex] 20/12/2019 09:27

freddie01 Stop the clutter! It's pointless posting entire text plus the link which should suffice! ;~)

[renewed1] 20/12/2019 09:23

May well be so but their much ridiculed call down into the 50's earlier in the year turned out to be conservative....so wouldn't dismiss this call to readily.

[freddie01] 20/12/2019 09:14

Lloyds cuts rates


Lloyds Bank has reduced the rate on its 5-year fix remortgage at 80% loan-to-value (LTV).

Lloyds has cut the rate by 0.10% to reach 1.74%.

It comes with a £1,499 product fee payable upfront and free valuation and free legal fees.

Rachel Springall, finance expert at Moneyfacts, said: “This week, Lloyds Bank has made various cuts to selected fixed rates, with its 5-year fixed deal reducing by 0.10%

“Now priced at 1.74%, the deal offers a highly competitive rate and incentive package.

“Those looking to remortgage and who wish to take advantage of some cost-saving incentives with a well-known brand may find this deal a competitive option, but they must pay for the product fee upfront.”

Meanwhile Barclays Mortgage has increased the rate on its 2-year fixed rate mortgage at 90% LTV by 0.05% to reach 1.85%.

It comes with a £999 product fee, all of which can be added to the mortgage advance, free valuation for all and free legal fees or £250 cashback for remortgage customers.

Springall added: “Now priced at 1.85%, and despite the rate rise, the deal remains a competitive choice as it also comes with a noteworthy incentive package.

“Those looking to take advantage could find the package enticing as borrowers will get a free valuation and remortgage customers are also offered the choice of free legal fees or £250 cashback.”

[jordaggy] 20/12/2019 09:12

Judging by the share price reaction, II's don't care much for for sure!

[freddie01] 20/12/2019 09:12

Lloyds Bank Foundation’s digital transformation makes it easier for small and local charities to secure funds


Lloyds Bank Trust have undergone a digital transformation that makes it easier for the small and local charities that they partner with to apply for and secure grant funding


Lloyds Bank Foundation has recognised the important role that small charities have in local communities. As part of its digital transformation and simplification of the grant process, the Foundation has committed to helping charities deliver further impact. As part of this digital transformation process, a new website has been launched, which will advise a charity whether they are eligible to apply and, if they are, whether they can apply for £45,000 or £100,000.



The banking group’s wider digital transformation
Lloyds Banking Group has recently embarked on its digital transformation strategy, with a £3 billion investment to upgrade and improve its digital offering. A core part of its new UX design is to simplify the customer journey. The bank has also partnered with the Good Things Foundation, which works to improve individuals, small businesses, and charity digital skills.



Small and medium-sized charities have a supportive partner
Small and medium-sized charities make up 96% of the charity sector, yet larger charities take the lion’s share of funding – these smaller organisations only receive 18% of available income. The competition has made it increasingly difficult for local charities to continue their work.

“Small charities are undervalued and under more pressure than ever, but they are reaching people and communities that big charities and organisations simply can’t. That’s why I’m delighted our new approach to grant-making, developed alongside the charities we work with, will aim to make the process even easier to navigate, more transparent and led by the needs of the applicant,”

Partnering with small and local charities, the Lloyds Bank Foundation helps tackle complex social problems. The complementary grant programme supports people with mental health issues, parenting, reduction in recidivism, and vulnerable people.

Simplified grant process saves time
The new web design highlights the simplified grant process. Responding to the needs of local charities, the programme has been made more flexible:

Grants are assessed on an ongoing basis, so applicants can apply as, and when, funding is needed
Response times for decisions are clear, allowing charities to plan
Grants will be made over three years, with the possibility of continuing to six
Meaningful grants between £45,000 to £100,000 will be made
Technical and business expertise will be available from the ‘Enhance’ development programme
Grant criteria is more responsive and is updated every six months

The Foundation’s impact
Taking a view from delivering on-the-ground services and influencing policy, the Foundation has helped small and local charities upskill vulnerable people and issued impact reports.

Liverpool’s Refugee Women Connect has been supported with a £75,000 grant over three years. The charity’s work focuses on helping refugee women overcome social barriers – women are able to connect to social services, access to the justice system, and the asylum process. The Enhance assistance programme from the Foundation has also helped the charity modernise and digitise.

Refugee Woman Connect CEO Alison Moore said: “Before our database support, we had used paper and excel which made reporting really difficult. Our new system’s so flexible – we use it for everything now. When we were first offered Enhance support I did think can’t you just give us the money? But actually, I’m so glad because it would’ve been gobbled up in our running costs. It’s nice to be given trusted consultants rather than having to identify these ourselves.”

The Foundation also influences policy. The “Start Somewhere: An exploratory study into making technology imaginable and usable for small voluntary organisations,” shared findings on a study of small charities and the use of digital. Conclusively the authors found that while smaller charities were slow to use technology they did see that tech was more than just about IT or social media. As a broad policy target, these studies show just how important digital design investment is across an entire organisation.

[mr.elbee] 20/12/2019 09:04

Bailey is useless..... look at the time he spent at the FCA.... he is behind the PPI scam perpetrated on the banks.

[gotnorolex] 20/12/2019 08:55

Chancellor appoints Andrew Bailey as new Bank of England governor

[utrickytrees] 20/12/2019 08:53

G2 good post. Cameron totterimg about in his converse trainers,carrying a latte and having a lisp was never Conservatism. You have to admire Boris & Gove for telling him to FO, Gove especially cos he's got no money.
Cameron was widely acknowledged to be a tactician who strayed far party lines Boris is retrieving things as we speak.Im expecting Bill's on extreme jocklitde & unnecessary gayness (patterned shirts etc), to bought to the house early in his stewardship.

[cheshire pete] 20/12/2019 08:47

m5: I'd prefer to keep our Union together although sick to the back teeth of the constant whingeing from Sturgeon and crankies. Not convinced that their supposed economic arguments stack up either. Yes, the EU would relish the thought of our Union losing a chunk but would they really welcome Scotland with open arms and support them going forward with pressures mounting elsewhere, especially if Scotland don't want to adopt their euro currency? Can't see it.

[grahamite2] 20/12/2019 08:26

xxxxxy 20 Dec '19 - 07:35 - 287393 of 287398

The Bank’s worst error was recommending UK membership of the European Exchange Rate Mechanism in the 1980s which led to a slump and the long term defeat of the Conservative party which accepted the advice

It came damn close to producing the destruction of the Conservative Party - although personally I'd blame Major more than the Bank.

That evil day when there were two rate hikes, each large, between them ruinous, cost thousands and thousands of people their homes and prosperity. Of course they'd never vote Conservative again! The Conservatives lost election after election, and unfortunately, the reason for this was misdiagnosed. Perhaps there was no more demand for real Conservatism, Party members wondered. Maybe they should follow Labour's lead, jettison their principles, and go for this Cameron fellow?

The result we all know. Cameron wasn't a conservative and the foul old bag sure as hell wasn't.

[m5] 20/12/2019 08:26

Oh dear, I see we have just moved on from one argument into another LOL. I can't get into the Scottish argument because I don't care enough about it, however for me they can have their Independence tomorrow and the rest of us can move forward.

Have a good Christmas all.

[xxxxxy] 20/12/2019 08:11

And Japan does not pay to trade with the EUSSR.LEAVE and WTO

[bargainbob] 20/12/2019 08:08

England cannot lose the resources of Scotland , pure and simple thats why they are clinging on at the moment.

Same happened in India.

[joe say] 20/12/2019 08:03

The krankies one good tactic is that her nauseating whining becomes so tiresome

The result - many English would be delighted to be rid of her - delivering what she wants

I for one would be happy if this were done tomorrow - BUT only if Scotland paid its way - there is no way a Barnett formula payment would be acceptable

[1carus] 20/12/2019 07:56

K38, in general the people of Scotland are canny thank God.the problem with the snp's current argument is they are detracting from independence to it being a choice thing... if the UK play along the argument then goes alomg the lines of that we can have referendum every week on it. Government by referendum is poor government. The money being spent on it is wasted money. Luckily there are mamy industries up here that certainly don't want a split in the UK, hopefully they make that clear to their employees... It's not rocket science.

[1carus] 20/12/2019 07:56

K38, in general the people of Scotland are canny thank God.the problem with the snp's current argument is they are detracting from independence to it being a choice thing... if the UK play along the argument then goes alomg the lines of that we can have referendum every week on it. Government by referendum is poor government. The money being spent on it is wasted money. Luckily there are mamy industries up here that certainly don't want a split in the UK, hopefully they make that clear to their employees... It's not rocket science.

[xxxxxy] 20/12/2019 07:35

We need change at the Bank of EnglandBy JOHNREDWOOD | Published: DECEMBER 20, 2019I look forward to new leadership at the Bank of England. The current leadership allowed their independence to be tarnished by one sided interventions in the referendum. They compounded the error by making absurdly pessimistic forecasts of house prices, output and unemployment for the short term after any Leave vote. In this they followed in the long unfortunate tradition of the Bank in always recommending and supporting EU policies that were damaging. The Bank's worst error was recommending UK membership of the European Exchange Rate Mechanism in the 1980s which led to a slump and the long term defeat of the Conservative party which accepted the advice.The new Governor should have to answer three basic questions about the task ahead:1 Why is the Bank of England tightening money so markedly when all the other main Central Banks are loosening to stave off the world economic downturn?2. What action should the Bank take to promote UK growth, given the bad slowdown now experienced?3. When will the Bank think through the flattening of the Philips curve and the move from national to global capacity, issues which undermine the current basis of assessing interest rates?I spoke about this yesterday in the Chamber. I did not have time to develop the issue of what the Bank should do to stimulate growth. Some say Central Banks have run out of options with rates so low and QE so large from past programmes. I do not agree. CBs have a huge range of instruments and options to boost activity.They can cut rates, run Funding for lending programmes, operate LTROs, intervene in money markets, intervene in bond markets, use repo markets, issue new guidance, change banking ratios.There are two basic ways of stimulating growth. One way is to expand the Central Bank's balance sheet by QE or money market interventions. The other is to expand commercial banks balance sheets by reducing capital ratios, relaxing lending controls or by open market operations.