Lloyds Banking Share Discussion Threads

[careful] 28/10/2024 09:37

good point Ploppy.

[the ploppolator] 28/10/2024 09:35

'who knows' ? you certainly don't.

[the ploppolator] 28/10/2024 09:29

good job the bbc didn't make the headline or it would have read " old far right thug threw his face at a labour mp's fist "

[hardup1] 28/10/2024 09:01

No doubt Martin Lewis will be sticking his oar in over the coming days ramping up the hype even more!

[skinny] 28/10/2024 08:51

The FCA :-

[datait] 28/10/2024 08:40

Cash is king crash is on the cards

[xxxxxy] 28/10/2024 08:38

The resulting tax revenues across the wider economy would both replace the lost revenue from capital gains tax, and over time, more than fill Ms Reeves's imaginary fiscal black hole.Imagine that, abolishing just one tax could have so much impact that it would give the economy a £25bn boost – what's holding the Chancellor back? Surely not blind prejudice and an out-of-date belief that capital gains tax enables the use of the tax system as a redistribution tool. Mr Young claims capital gains tax is the worst tax on working people because it holds down people's wages through its effect on reducing productivity. He points out that annual average growth in UK GDP per hour worked has been just 0.5pc per year since 2008, while it has been three times higher in the US....more...Daily Telegraph

[no24rton] 28/10/2024 08:27

switched to hsbc back in late summer, due to the overhang of the risk of the potential claim coming next year.

[yump] 28/10/2024 08:26

When I bought my Lloyds shares I was not informed of the possibility of financial loss on them, as a result of future claims from an unexpected FCA investigation into motor finance, which is clearly not a loss from the normal risk of investing.

So can I use a claims company to pursue the FCA for compensation?

[xxxxxy] 28/10/2024 08:19

Jim Duck"The anti-business and anti-wealth sentiment that runs through this government and the Labour Party means that many individuals are making the rational decision to scale back their investments in the UK or leave altogether."..Daily Telegraph

[careful] 28/10/2024 08:16

Estimates of the impact are lower than the loss of market cap since announcement.
Market cap is down over £3bn or about 8% since Friday.

[suetballs] 28/10/2024 07:46

So it is clearly the FCA and regulators fault! Ah but they ain’t got deep pockets!
Suet

[rock star] 28/10/2024 07:25

Banks are seen as a source of income for the Government. Has been the case since the GFC.

[freddie01] 28/10/2024 07:25

MOTOR FINANCE UPDATE

Lloyds Banking Group plc (the Group) notes the recent Court of Appeal decisions on Wrench, Johnson and Hopcraft relating to motor commission arrangements. The Group also notes the intention of the lenders to appeal the decisions to the UK Supreme Court.



The Court of Appeal has determined that motor dealers acting as credit brokers owe certain duties to disclose to their customers commission payable to them by lenders, and that lenders will be liable for dealers' non-disclosures. This sets a higher bar for the disclosure of and consent to the existence, nature, and quantum of any commission paid than had been understood to be required or applied across the motor finance industry prior to the decision. Our understanding of compliant disclosure was built on FCA / regulatory guidance and previous legal authorities. These decisions relate to commission disclosure and consent obligations which go beyond the scope of the current FCA motor commissions review.



The Group is assessing the potential impact of the decisions, as well as any broader implications, pending the outcome of the appeal applications. The Group will update the market, if and as appropriate.

[kkclimber56] 27/10/2024 22:06

If the labour MP is convicted and it triggers in a recall leading to a bi election then it will be an interesting test of public opinion

[yump] 27/10/2024 18:30

There's been a right old fuss in the last day or so because Starmer was asked to say what he meant by "working people", when they've said no working people will be taxed more. It was followed up very persistently by Laura Kuenssberg this morning.

Couldn't get an answer to whether "working people" included owners of small businesses, for whom the increased NI contributions will drop their profits and therefore their salary taken from the business. Plus less profit left to invest in the business.

I'm quite pleased because I've been boring mates in the pub by going on about the phrase and what it actually means - possibly some sort of populist throwback to class, which would of course not tie in with Labour's fair society claims.

Turns out its a hypocritical, given they want to get growth back in the economy.

[jl5006] 27/10/2024 18:09

Yes Careless
The budget used to be leaked via Press Releases to Fin Insts
Seems as if they need to sus ppls ops.
Sad reeves has not the ability/foresight to see the pitfalls.
A balance sheet has 2 sides - hers appears tunnel visioned
And we have kneel and his entourage of women not a bright spark amongst them
That is what u wanted Labour labour voters.
Dont cry!
n