Lloyds Banking Share Discussion Threads

[utrickytrees] 28/6/2024 05:19

Farage pretty consistent with his stance on UKR. Heres a short analysis from the blackbelt barrister which confirms the consistency of Farage since 2010 and the hypocrisy of Boris Johnson. As the author eludes it illustrates the level of collusion between the MSM and establishment that this 'old' news is raked up 1 week before a GE. The hooded snake controls our minds!

[utrickytrees] 27/6/2024 21:51

See what you mean I've updated it now, it makes more sense and it's politically correct.

[jrphoenixw2] 27/6/2024 20:38

Another 2-3 on the Filtered list. There are hardly any posts here I see any more, just pages and pages of Moron headers with vacant spaces below.

[jl5006] 27/6/2024 19:20

Make sure your eggs are in the ISA basket.
Sadly chunt made that a must do.
Cant believe worse than Wilson is back.
Business will evaporate and with so many aliens - dont carry cash - and wait for the outcry from the fools who have their all on the back pocket.
As Del Boy said - only fools and horses.

[diku] 27/6/2024 18:40

Biden and Trump debate tonight will be more entertaining...

[hardup1] 27/6/2024 18:12

After 86 trading days, buyback complete to date:
Total shares to date........................1,744,240,464
Aggregate cost to date... ..................£904,096,712.46
Average price paid to date..................51.8333p
Percentage of £2 billion buyback completed..45.2%

[johnwise] 27/6/2024 14:23

VIDEO

MATT GOODWIN: The EXPLOSIVE Case for Voting REFORM UK

[smurfy2001] 27/6/2024 13:43

Wanting to bust out.

[vlad the impaler] 27/6/2024 13:08

Household support ends that went on for years, from covid to inflation period.

They may have to bring it in again to stop the property crash. Well, slow it down

[smurfy2001] 27/6/2024 13:05

SKY NEWS: Lloyds Banking CEO warns households not to expect ultra-low interest rates

[jordaggy] 27/6/2024 11:51

More...

Today’s Bank of England’s report shows high borrowing costs still pose a threat to the stability of the financial system, points out Karim Haji, global and UK head of financial services at KPMG.

Haji adds that banks need to keep supporting customers who need help:

“While there are signs that a brighter economic outlook is starting to feed through to resilient consumers and businesses, the Bank of England’s report shows high borrowing costs still pose a threat to the stability of the financial system.
The good news is UK banks are in rude health, with strong capital and liquidity positions allowing them to support people even if the economy does worse than expected. It is incumbent on them to continue supporting vulnerable customers.”

[vlad the impaler] 27/6/2024 11:50

be no mercy

im blood-thirsty this fine morn

[vlad the impaler] 27/6/2024 11:49

Morning all

Lets have a crash today. Im tired of seeing it above 8200s

My impaler is sharpened

[jordaggy] 27/6/2024 11:46

Okay, 'sharp correction' how sharp exactly?

Financial markets at risk of 'sharp correction', warns Bank of England
Newsflash: The Bank of England has warned that financial markets remain at risk of a sharp correction.

In its latest financial stability report, the BoE says that high inflation, or geopolitical risks, could trigger a selloff.

The Bank says risks to the UK financial system are “broadly unchanged” since the first quarter of the year.

But some asset prices have continued to rise, it points out, while the risk of a sharp correction persists.

European markets are up around 8% so far this year, while the US Nasdaq Composite index has surged by 18%.

The report, which is designed to track the stability of the financial system, says:

The prices of many assets such as shares and bonds remain high relative to historical norms, and some have continued to rise. This suggests that investors in financial markets are continuing to expect the economy to recover and inflation to fall. They are placing less weight on risks, such as geopolitical developments or continued high inflation, that might cause weaker growth or interest rates to stay higher than expected.
These risks make it more likely that there could be a sharp correction in asset prices that could ultimately make it more costly and difficult for UK households and businesses to borrow.

The report also warns that

Global risks are material, including geopolitical risks, which remain high.
Overall, UK households and businesses have remained resilient to the impact of higher interest rates.
The UK banking system is strong enough to support households and businesses, even if the economy does worse than expected.

[freddie01] 27/6/2024 11:37

Lloyds boss says 'don't expect mortgages to return to ultra low rates'


Homeowners with mortgages should not expect a return to the ultra-low interest rates enjoyed in the aftermath of the global financial crisis, Lloyds Banking Group PLC (LSE:LLOY) boss Charlie Nunn said.

The chief executive of the UK's biggest lender also said that whichever party wins next week's general election will be extremely limited in how much they can invest due to increased levels of government debt in recent years.

"We should just accept the government can't pay its way out of this next stage," he told Sky News.

The UK is not the only country to see its government debt swell in recent years, but Nunn said the US in particular can pay its way out as even though its ratio of public deficit to GDP ratio has risen to 7.5%, the economy is growing at above 3% and the US dollar has a unique position as the world's reserve currency.

Nunn pointed out that once the Bank of England cuts interest rates, the short-term impact will reduce the cost of government debt and make the cost of borrowing for businesses short term more attractive, but will "take longer to feed through" to an impact on UK consumers.

After a decade where mortgages have been in the 1.5-2.5% range, he noted that market don't expect the Bank Rate to fall below 3.5%, meaning mortgages, "or the new normal for mortgages, will be in that 3.5-4.5% range, not 1.5-2.5%".

[wsm812] 27/6/2024 11:32

Stock market fall definitions:

A stock market crash refers to a drop of 20% or more from a recent high.
A stock market "correction" refers to a drop of 10% or more.

[wsm812] 27/6/2024 11:30

hxxps://www.bankofengland.co.uk/financial-stability-report/2024/june-2024

Or this one? Still no reference to a crash

[wsm812] 27/6/2024 11:27

hxxps://www.bankofengland.co.uk/financial-policy-summary-and-record/2024/june-2024

Do you mean this jordaggy? Can't find a reference to a crash

[scruff1] 27/6/2024 11:12

TrickyAbsolutely bang on