Lloyds Banking Share Discussion Threads

[jacko07] 12/1/2020 18:12

Carney said whatever the people who really owned him asked him to say. Who owned Carney? Carney along with many others in World Finance will always be owned by Goldman Sachs, who are without doubt the most corrupt organization in the World today..bar none.

Read this link and check out the names and their positions in the Global establishment. Goldman Sachs have been involved one way or another is every dodgy financial deal from bringing Greece into the EU to the collapse and bail out of the USA in 2008/9 with Hank Paulson.

[minerve 2] 12/1/2020 18:11

Of course you would know all about pound shops wouldn't you Jacko. ;)

[jacko07] 12/1/2020 17:58

Burns is just a pound shop Shakespeare.

Utricky...Burns was a master of ad lib, he was really funny with Walter Matthau in 'The Sunshine Boys'.

[keifer derrin] 12/1/2020 17:08

lets hope PPI and Reading issue doesn't hit divi payout.



Lloyds Banking Group has warned its 60,000 staff including the chief executive, António Horta-Osório, to expect their first bonus cut in four years after a number of problems at the bank, including a last-ditch surge in payment protection insurance (PPI) claims.

The Guardian understands staff received a memo from the bank telling them to expect a smaller bonus pool shortly after the bank revealed a £1.8bn charge linked to a spike in PPI claims in October, which is expected to dent full-year profits. The charge reduced third-quarter profits by 97%.

The remuneration committee, which determines the final size of the bonus pot, allocated £464.5m to be shared between staff and top executives last year. However, the figure for the 2020 payout is likely to shrink for the first time since 2016, owing to numerous factors.


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Lloyds staff trade unions, including Accord, also notified members of the cut. “The group has made clear that group performance share (bonus)awards in March are likely to be lower than last year,” Accord said in a member newsletter last month. The bonus is paid out in a mixture of shares and cash.

As long as group profit meets a minimum threshold, Lloyds’ bonus pool will be valued at 5.1% of full-year underlying profit. However, the pot can be whittled down by the renumeration committee if the bank is deemed to have underperformed in certain categories: financial performance, customer service, and staff conduct. Lloyds has signalled that a number of issues will see the value of the payout reduced.

Along with the extra PPI charge, the bonus figure is likely to be affected by the legacy of an historic scandal at the bank, with the company expected to place some of the blame on the outcome of an independent review into the compensation scheme for victims of fraud at the HBOS Reading branch. In December, Lloyds pledged to reopen the scheme after the review found the original programme was “neither fair nor reasonable”.

Another staff union, Affinity, told its members in a newsletter last week: “The ongoing PPI payment scandal and the HBOS Reading disaster, to name just two, will be cited as reasons why the bonus pot is being adjusted downwards.”

Accord’s general secretary, Ged Nichols, warned that Lloyds staff “should not be penalised for issues that are outside their control”. The Unite union also said a potential cut would disproportionately hurt less-well-paid staff who already receive smaller payouts as a proportion of salary.

“Any reduction in bonuses has a disproportionate impact on ordinary workers and especially on lower-level workers, many of whom are just about managing to make ends meet,” Rob McGregor, a national officer for union Unite, said.

The minimum wage for full-time staff is £17,510. Boss Horta-Osório was paid £6.3m last year, including a £1.2m group performance bonus. He is eligible for bonuses worth up to 140% of his salary, while fellow executives take home up to 100%.

Lloyds said: “No decisions have been made. As usual, all decisions on remuneration will be taken by the remuneration committee as part of the annual process.”

This will be the first year that Lloyds is evaluating bonuses based more heavily on team performance than individual work. Teams will be allocated bonus pots that managers will then dole out based on collective contributions, behaviour and salary levels.

The bank is also starting a new process for contesting payouts that bypasses the formal grievance process, which usually involves union representation. However, staff can still choose to file a grievance if they suspect discrimination.

Bonus are expected to be paid out in April, about six weeks after full-year results are announced on 20 February.

[philanderer] 12/1/2020 17:01

'Bank of England policy-maker hints at possible rate cut'

....Mr Vlieghe is the third policy setter this week to suggest they may be willing to cut rates when the Monetary Policy Committee (MPC) next meets at the end of this month.

[minerve 2] 12/1/2020 16:36

Of course you would be an expert on all that.

That is why Carney wasn't BofE governor and you were. ;)

[freddie01] 12/1/2020 16:14

Lloyds warns staff to expect first bonus cut in four years

Exclusive: Notice comes late surge in PPI claims hits banking group

[utrickytrees] 12/1/2020 16:12

M2 at some point you have erected a massive hurdle between reality and your interpretation of it.

[gotnorolex] 12/1/2020 15:56

If you're talking about Cummings, too many cooks in the Civil Service , we now have a Chef de Cuisine to make the broth sweeter!

[minerve 2] 12/1/2020 15:44

You have all absolutely missed the point. Whether he is right or wrong about something is irrelevant. Whether something needs to be done or not is irrelevant.

We have officials and elected representatives to manage these issues and responsibilities and, normally, one would expect accountability to go hand-in-hand.

He is entitled to his opinion but government and parliament should be making decisions on these. Not just one man.

[gotnorolex] 12/1/2020 15:36

Like Corbyn they lost the vote, now claiming they won the argument, and want another vote because they weren't given the full facts! If they won the argument and lost the vote, logically they would have to loose the argument to win a vote!
Nonsense? of course it is!
Boris is planning to “love bomb” Scotland! Better together!

[utrickytrees] 12/1/2020 14:23

Telegraph on Carneys departure.

A big play was made of his commitment not to raise interest rates until unemployment dropped below a certain level. In the events this level was reached in months. Mr Carney spent the next several years finding other reasons not to raise rates. earning him the sobriquet of 'the unreliable boyfriend's

Never mind Whitehall, Cummings needs to get stuck into the BoE.

[gotnorolex] 12/1/2020 14:04

What Eton did for him, Cummings will do for the Civil Service! "Put Britain back on the Waves" with Boris as King! (The feel good factor is back so lighten up!)

[utrickytrees] 12/1/2020 13:48

Absolutely g2.

[grahamite2] 12/1/2020 13:32

Cummings is a technician. His job is to help the PM make things happen, rather than to decide which things need to happen.

Take the police. Cummings could advise on how to bring about a massive cultural shift, so they no longer waste time on non-crime and pointless administrative duties and start doing the things we pay them for such as investigating burglaries again. But that won't happen unless Boris decides they need to happen.

He is a clear thinker who can put forward ideas cogently. In the blog I linked to earlier



the most interesting item is not the latest but the one before, the one on the reasons for voting Conservative.

Before the referendum, MPs promised to respect the result. They explicitly ruled out a second referendum — David Cameron, John Major, Tony Blair, Peter Mandelson, Nick Clegg, Corbyn, McDonnell, Starmer, Swinson, Gordon Brown, Heseltine, and even the official Remain campaign — they all said: ‘No second referendum, one vote, it will hold for a generation and Leave means leaving the Single Market and Customs Union and everyone should realise that because there’s no going back after the 23 June 2016.’

Many MPs behaved honestly. They tried to respect the result. They deserve respect.

But many MPs who promised to respect the result have done all they could to overturn it. The official Remain campaign’s central argument during the referendum was that ‘it’s all about leaving the Single Market and Customs Union’. They’ve spent the next four years saying ‘the referendum wasn’t about the Single Market and Customs Union’. Some like Dominic Grieve told voters at the last election that he would respect the referendum then did the opposite. MPs like him should be forced from public life in disgrace for their shameless dishonesty.

[alphorn] 12/1/2020 13:02

"Cummings ........... has been at the vanguard of politics"

Yes, a Standard Vanguard. Lol

[patientcapital] 12/1/2020 12:44

Ursula....Underneath the mango treeMe honey and me can watch for the moonUnderneath the mango treeMe honey and me make boolooloop soonUnderneath the moonlit skyMe honey and I can sit hand in handUnderneath the moonlit skyMe honey and I can make fairylandMango, banana and tangerineSugar and ackee and cocoa beanWhen we get marry we make them growAnd nine little chil' in a rowUnderneath the mango treeMe honey and me can watch for the moonUnderneath the mango treeMe honey and me we plan marry soonMango, banana and tangerineSugar and ackee and cocoa beanWhen we get marry we make them growAnd nine little chil' in a rowUnderneath the mango treeMe honey and me can watch for the moonUnderneath the mango treeMe honey and me we plan marry soonUnderneath the mango treeUnderneath the mango treeUnderneath the mango treeUnderneath the mango tree

[xxxxxy] 12/1/2020 12:41

More UK students go to the US and Australia than to all 27 EU countries combinedLayla Moran MP should learn about Erasmus+ before lecturing peopleBREXIT FACTS4EU.ORG SUMMARYThe EU's Erasmus+ Student Programme?Chart © Brexit Facts4EU.Org 2020 - Click to enlargeUK students using Erasmus+ to study abroad : only 9,615Non-UK students using Erasmus+ to study in UK : 18,702Almost twice as many EU27 students benefit, compared to UK studentsTotal number of UK students : 1.87 millionProportion of UK students using the EU's Erasmus+ programme : only 0.51%Pro-rata by population, the UK should be 11.0% of the total Erasmus+ student numbersIn fact the figure for the UK is only 4.3%Non-UK Erasmus+ students benefit 2.5 times more than UK students, pro-rated by populationEU's Erasmus+ budget is set to double, from €14.7 billion to €30 billionAccording to the UN, more UK students go to the US and Australia than the rest of the EU combined.htTps://facts4eu.org/news/2020_jan_erratic_libdems_on_erasmus

[utrickytrees] 12/1/2020 12:37

M2 I didn't miss your point. Its Whitehalls Job to implement government strategy. If Whithall wants to be objectionable and dig their heels they are acting outside of their remit & unprofessionally. It's become necessary to have advisors like Cummings who can manage Whithall just to get things done it's a effing disgrace & has fkall to do with being an elected representative.

AND Cummings hasn't just been drafted by Boris either he has been at the vanguard of politics since 2010.