Lloyds Banking Share Discussion Threads

[careful] 06/1/2021 20:05

American coup underway.
Mentally unhinged Trump and his followers.

...and yet the stock market is still well up at record levels.

Would America let international scientists including some from China, Russia, Iraq into the USA to investigate their bungling approach to Covid19?

Would the UK allow scientists from the EU. audit our governments Covid 19 policy?

Try to get your brain in gear Portside.

[portside1] 06/1/2021 20:04

If the gov of the world told u# th3 facts about the source of the virus that is was China and was leaked from there war virus lab We could of had @ complete lockdown , but it appears the lab virus is still not safe or secure it should be covered in petrol and set on fire

[portside1] 06/1/2021 19:42

China stops all world scientists from entering the country to Exam labs which is thought coursed the virus , What China is hiding and have buried thousands of people WHO is told no to going to China to find out ?

[psychochopper] 06/1/2021 19:21

M2, I indeed said it was daily traded volume.

Hence “if that occurs on 200 trading days a year” leads to some readers here wondering if you are an idiot, as I previously stated.

Or perhaps, generously, it was merely because you had some faulty electrons somewhere in your computer.

[careful] 06/1/2021 19:16

Stock markets are going crazy.
Bitcoin, Tesla, Gold and the rush to equities.
The price action is crazy.

At last these idiots at the central banks have destroyed paper money with their money printing.
It is causing inflation of asset prices and weird effects such as Bitcoin.

Huge debts worldwide, this has got to end in tears.
Stock market could quickly rise to record levels before the day of reckoning.

It is conventional inflation that will kill this crazy party.

[bargainbob] 06/1/2021 18:44

Jill a nutter , i know her lol

[minerve 2] 06/1/2021 18:42

psycho

It's daily trade volume and it is only the beginning. We haven't even finished the first week yet.

Try and stretch your finances to afford an FT subscription and go and read for yourself.

[jordaggy] 06/1/2021 18:40

The governor of the Bank of England has said the UK should avoid becoming a financial services “rule taker” from the EU at all costs, even if it meals failing to strike a deal covering the sector.

Andrew Bailey told MPs that following EU rules on financial services indefinitely would be too high a price to pay for access to the single market and free flow of trade for financial services.

“If the price of this is too high, we can’t just go for it,” the Bank of England governor said during a Wednesday afternoon appearance in front of the Treasury Select Committee.

“I would strongly recommend that we don’t become a rule taker. I think that is a very bad place to end up in. If the price of that is no equivalence, then I’m afraid that will follow.”

The EU and UK struck an 11th-hour free trade agreement on Christmas Eve to avert a no deal Brexit when the transition period ended on 1 January. However, financial services were not covered by the agreement.

The EU has granted the UK temporary waivers in two areas — clearing and securities settlement. Both sides have agreed to try and reach a separate, fuller agreement covering financial services by March. Bailey said he thought this was a realistic timescale for negotiations.

UK negotiators are seeking to secure “equivalence” rights for Britain’s financial services sector. This entails formal recognition from the EU that UK laws governing the sector are at the same standard as the EU’s. It would mean finance firms could continue to sell services to the bloc uninhibited, although the EU would retain the right to withdraw equivalence rights at any point.

[k38] 06/1/2021 18:37

maxidiNot at all, look the charts... don't let them lock you on top.

[psychochopper] 06/1/2021 17:33

Cutting the nonsense, on the matter of the €6bn Euro shares leaving London, that is a principal amount, not a revenue. Are you an idiot?

So two things on that: if that occurs on 200 trading days a year, say, and the overall revenue on average for these trades is 10bps (from clearing, custody, lending and associated services) that would be an annual loss of profit of perhaps 1bp being 10% of this amount, perhaps a little more but not much. Profits of maybe €150mn leaving London. Also, there will be a number of further examples leading to the same outcome. Compare that, though with the overall tax derived from City profits and it’s “petite” - not grosse.

6bn is what my assistant alone used to trade in a month on CDS contracts and bonds back in the day. Wake me up when you have something meaningful to offer.

[portside1] 06/1/2021 17:01

I would love for these to open up at under 37 p I want to buy a few more only 21000 more

[bigman786] 06/1/2021 16:53

Why are banks up today

[wad collector] 06/1/2021 16:52

Ah , good, a thread about Lloyds.

[portside1] 06/1/2021 16:29

Let's see if it's under 37 in morning

[portside1] 06/1/2021 16:25

No I thought I would get 37p dead

[portside1] 06/1/2021 16:24

Going to had around 20600 in the next couple of mins