Lloyds Banking Share Discussion Threads

[crazi] 04/2/2021 12:00

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[gbh2] 04/2/2021 11:49

The new CEO is also a lover of India and off shoring, so expect even more UK jobs losses :((

[crazi] 04/2/2021 11:42

The new CEO is an Investment Banker. They hired him for a reason!

So expect some investment capital 2nd Half starting up a new "Investment Banking Division". About time too! That's where the BIG profits are...

[cheshire pete] 04/2/2021 11:15

Cameron tried to get them to give ground to his reasonable proposals but Merkel wouldn't. Was that another 'foolish mistake' lol.

[minerve 2] 04/2/2021 11:01

"quite happy to be subservient"

Says the Brexiter whose chiefs are currently begging the EU to bend their laws.

Pathetic, truly is.

Being in a union doesn't mean subservience but I know you Brexiters have been fooled to see it that way. It isn't difficult to fool you, by-the-way. A union is made because you have common values and beliefs and similar objectives. I can assure you most of the UK public share more in common with the EU than they do with Eton boys and their plutocratic sponsors. It is just a case of how long the facade will continue and judging by the stupidity and ignorance of UK citizens it could be a very long time.

[cheshire pete] 04/2/2021 10:51

Spot on mm2, trade with Europe was never the problem. It was the political union that took over our means to run the country the way we wanted that was the issue. Of course remainers were, and probably still are, quite happy to be subservient.

[xxxxxy] 04/2/2021 10:41

Is it time for the UK to stop being so nice to the Brussels regime?"A deal rammed through the Commons in 4½ hours, yet EU MPs are still debating it today?© Brexit Facts4EU.OrgToday EU MEPs will spend even more time deciding to approve UK-EU trade deal... or notThis afternoon (Thur 04 Feb 2021) a joint meeting of MEPs will once again convene from the EU Foreign Affairs and EU International Trade committees, to talk about the UK-EU trade deal.These two committees will hold a meeting with all "opinion-giving committees" of the EU Parliament regarding the draft EU-UK Trade and Cooperation Agreement.This will be followed tomorrow, Friday 05 Feb 2021, by a joint meeting of the committees on Foreign Affairs and on International Trade to discuss the outcomes.The UK-EU trade deal can't go ahead without these people's approval"The new Trade and Cooperation Agreement has provisionally applied since 1 January 2021. For it to enter into force permanently, it requires Parliament's consent."- EU Parliament statement, Jan 2021The EU's lengthy process to approve the UK-EU trade deal includes a stage involving 20 EU Parliament committees.Out of 20 EU Parliament committees who were invited to participate in this lengthy scrutiny of a trade deal which was approved in half a day in the UK, two decided not to give an opinion at all. One is extraordinary by its omission, and one is a "who?"The extraordinary omission is the main Budget Committee of the EU Parliament, who say they have no opinion on the trade deal. It might have been thought that the largest trade deal in EU history might have had some impact on the fine minds sitting on the EU Parliament's Budget Committee, but perhaps their thoughts are on loftier matters.The other group declining to give an opinion is the "Women's Rights and Gender Equality" committee. It is not clear why this committee was even invited to give an opinion on a trade deal in the first place.BREXIT FACTS4EU.ORG SUMMARYThe 20 EU Parliament committees, deliberating on the UK-EU 'trade deal'41 days and counting....Foreign AffairsInternational TradeDevelopmentBudgets (declined to opine)Budgetary ControlEconomic and Monetary AffairsEmployment and Social AffairsEnvironment, Public Health and Food SafetyIndustry, Research and EnergyInternal Market & Consumer ProtectionTransport and TourismRegional DevelopmentAgriculture and Rural DevelopmentFisheriesCulture and EducationLegal AffairsCivil Liberties, Justice and Home AffairsConstitutional AffairsWomen's Rights & Gender Equality (declined to opine)PetitionsVIDEO: If any reader has the stomach for it, the proceedings this afternoon can we viewed using this link. They are scheduled to start at 12.45pm UK time and to run for two hours.30 December 2020 – a shameful day for British democracy?© Brexit Facts4EU.OrgAs readers know, the UK's new trade deal with the EU has already been ratified by the UK Parliament. It was rammed through the House in just four-and-a-half hours on 30 Dec 2020.Published on the 29 December, British MPs had less than 20 hours to read and digest the 163 pages of the European Union (Future Relationship) Bill and its Explanatory Notes, before debating and voting on it. This was the largest and most complex trade deal in UK history.The Bill itself was based on the 1,332 pages of the UK-EU Trade and Cooperation Treaty including its ancillary documents, which had only been published by the EU and the UK Government just four days before, on 26 December 2020. The actual Bill which followed the draft treaty was published 19 hours before MPs had to start debating it in the Commons.Meanwhile, in the EU Parliament, they're still taking their timeBy contrast with their British 'colleagues', the EU Parliament's MEPs have already had 41 days to study the deal so far, and are still having committee meetings about it. This is before they even get close to the point of debating it in a normal session of the EU Parliament.OBSERVATIONSAre these people for real?20 EU committees? We had years of this kind of nonsense after the British people voted to leave the EU, during which the EU procrastinated, pontificated, postured, and prevaricated. In the end a wholly unacceptable 'Withdrawal Agreement' was signed by Prime Minister Boris Johnson and the United Kingdom left the European Union – albeit in name only – on 31 January 2020.In March last year the EU finally got around to discussing a trade deal, which was the whole point of the UK signing the Withdrawal Agreement in the first place. Despite having had four years' notice, it seemed that when the UK finally exited (in legal terms) on 31 Jan 2020, the EU were still not ready to discuss a new trading arrangement and needed more time.In the end, a 'trade deal' (called the UK-EU Trade and Cooperation Treaty) was finally agreed on Christmas Eve, published on Boxing Day, and was rammed though the House of Commons the day before New Year's Eve, with the Bill only being published the day before.The UK therefore started 2021 with a trade deal which it had fully approved and ratified, whilst the EU merely applied it 'provisionally'.It is quite right for this treaty to be reviewed properly, but...We do not in any way believe that the UK-EU trade deal should not be scrutinised in detail. Indeed we believe that in the UK it should have gone through the usual scrutiny processes in the House of Commons and Lords, before being rammed through by a Government desperate to deliver on a promise at whatever cost.What we are pointing up in this report is that both sides could have applied the deal provisionally, instead of the UK being the only party to ratify it in full. We also thought that readers might be curious about the need for so many EU committees, unconnected with trade matters, to be involved in the approvals process for a trade deal.Is it time for the UK to stop being so nice to the Brussels regime?We think it is. The Withdrawal Agreement is being applied by the EU in ways which we expected (and warned about) and these represent excellent grounds to rescind the entire agreement. The so-called trade deal is wafer-thin in any benefits it will bring to the UK, has nothing on the services which form 80% of the UK economy, but is excessive on nonsense such as state aid, and standards on the environment, taxation, human rights, et al.The last week has shown Brussels for what it really is, and the whole of Europe is now questioning what is going on there. There is now little doubt that people will be dying as a direct result of the EU Commission's actions and incompetence.Now is the time to press our advantage.

[minerve 2] 04/2/2021 10:37

Yeah, whatever mm2, top of the morning to you too!

LOL

[minerve 2] 04/2/2021 10:33

Jacko

Thanks for your reasonable post yesterday.

I don't see evidence of Remainers giving up. Most remainers will remain pro-EU and youth are generally pro-EU too. Lots of promise. Tory party members, like Brexiters, are dying off by the bucket load and I doubt the problems lying ahead with turn favourably for the far right capitalists. I see a reasonable chance of joining some unions with the EU as step towards rejoining in the decades ahead. Brexit was a failed aberration and it will just need someone with courage to lead us back in.

[cheshire pete] 04/2/2021 10:28

So for a bank to have more money in its coffers is not a positive then? But then I never did understand how banking works lol.

[mr.elbee] 04/2/2021 10:23

Excellent Mr Deap.

but when exactly do you think the Lloyds muppet will consolidate...because they will.

My view is after the share price is well up and all is positive...and the suits can get their dosh out..timing will be critical here.

[minerve 2] 04/2/2021 10:18

So Boris and Co are blaming the EU for the issues in NI. No Boris, you planted the border down the Irish Sea, the EU are just doing what they have always done. Of course Boris and Gove will make it look like the EU is the bad guy and the morons will buy it, but this is Brexiters doing and really shouldn't be a problem the EU needs to get involved with.

[minerve 2] 04/2/2021 10:15

cheshire

"Whether this translates to increased profits for banks, don't know but hopefully a positive."

No, not really. At this point in time it is capital they don't want because they are unlikely to put it to any use where the return is significantly greater than the savings rate and administration costs. They have enough to loan out already as many are paying down loans and credit card debt.

[cheshire pete] 04/2/2021 10:10

Wasn't there something recently about BofE/regulator allowing divis on a case by case basis? Any more news on this?

[cheshire pete] 04/2/2021 10:08

Not long before we find out...wed. 24th Feb, although BARC on Thurs. 18th and HSBC Tue 23rd likely to be pointers.

Just a thought: several have said that they have been saving money without trying too hard. People on furlough and retirees who have been on successive lockdowns, people who haven't been able (or reluctant) to travel abroad on holiday. Saying money has just been piling up in the bank. Whether this translates to increased profits for banks, don't know but hopefully a positive.

[diku] 04/2/2021 09:16

If they want to make themselves look good in the spirit of Covid circumstances it will be no divi...but shares award galore will make up for it...

[maxk] 04/2/2021 09:05

And in all probability, no div. Who knows with the clowns in charge?