Lloyds Banking Share Discussion Threads

[institutional investments] 23/7/2024 13:45

And so it goes, little point in looking for entity strengths (bar those such a market suits), as it's all fkd anyway

[institutional investments] 23/7/2024 13:44

As said before, the weakness in the UK is now plain as day for practically everybody to see, at least since yesterday if not long prior. The Fed easing of any big caps on the sell off edge, is not causing broad market support anymore. The FTSE one of the top 3 negatives on that score. Now also confirmed by latest data being a sell-off

It's going to get nasty out there. The bad week is a forecast leading to bad months

[jordaggy] 23/7/2024 13:43

Trump partied with Epstein. Nuff said.

[institutional investments] 23/7/2024 13:33

Just a quick diary note for the week

[institutional investments] 23/7/2024 13:16

Data perceived as positive gets sold into as well. it's obliteration on the way

[ortegaworm] 23/7/2024 12:38

Wonder why the buy backs have slowed down in July? Are they expecting a drop come results and want to maximise on a price dip?

[cardinal3] 23/7/2024 11:15

scruff

You seem to be assuming that the non-white faces were foreigners.

[scruff1] 23/7/2024 10:37

Cant blame em for employing foreigners either - thats the target market or should be - its a growth market. Wife tells me she was on the tram from Manchester last night - packed - three other white faces.

[freddie01] 23/7/2024 10:33

You can't blame Banks for going online. It's been over 5 years since I visited a branch. That's the reality.

[hardup1] 23/7/2024 10:27

And Trump still has to be sentenced for that. The sentencing was adjourned until September 18 to allow time for Trumps legal team to argue that Trump is "immune" from prosecution, a decision on this will be made on 6th September.

[jordaggy] 23/7/2024 09:14

High street lender TSB suffered a 24.5% drop in profits in the first half of the year, after being hit by heightened competition and a slowdown in the mortgage market.

Profits fell to £111.6m in the six months to June, down from £147.9m a year earlier.

The bank said it reflected “lower mortgage margins in challenging market conditions” as well as a jump in the money paid out to savers as it tried to avoid an outflow of deposits to rival banks offering higher rates. Year-on-year, customer deposits were down by £4m to £35bn.

TSB suffered a drop in first-half profits.

Mortgage lending was impacted by high interest rates, which caused fewer consumers to borrow. But it meant banks were left to compete fewer customers, which put further pressure on lenders to reduce the cost of borrowing where possible.

It squeezed TSB’s net interest margin to 2.62%. That was 22 basis points lower than H1 2023, when it sat at 2.84%. Total income fell 6.1% to £548.7m.

The bank also took a £19m impairment loss on bad loans.

TSB CEO Robin Bulloch said.

Our focus in 2024 is making TSB simpler and easier to bank with and I’m delighted to see more customers choosing TSB.
We continue to make good progress against our strategy, and I’d like to thank everyone at TSB for their continued efforts to support our customers and communities, helping them feel more money confident.
The results comes as TSB prepares to defend itself in court today in a case related to historic mortgage debts.

A group of about 2,500 Northern Rock customers are seeking compensation from TSB’s subsidiary Whistletree, which bought their loans after Northern Rock collapsed. They say the became “mortgage prisoners” after being forced to pay inflated interest rates on their debts.

[jackie ladd] 23/7/2024 09:13

EASY BUY!!!

[jackie ladd] 23/7/2024 09:13

And then onto £3 it is worth

[jackie ladd] 23/7/2024 09:13

First stop £1

[jackie ladd] 23/7/2024 09:13

Get out of ya caravan mad pikey boy

[jackie ladd] 23/7/2024 09:13

You'll never get a job otherwise

[jackie ladd] 23/7/2024 09:13

Job Centre for you

[jackie ladd] 23/7/2024 09:13

Hush my mad gimp

[pol pot] 23/7/2024 09:12

II The Great is having some laugh at us all. i did not fail to notice, 300 bull posts per day in a rise - 3 a day about bears ought to be cutting themselves up haha

[jackie ladd] 23/7/2024 09:11

EASY BUY!!!

[jackie ladd] 23/7/2024 09:11

And then onto £3 it is worth