Lloyds Banking Share Discussion Threads

[jimbox1] 14/11/2024 12:11

Why do the banks have to pay, given that the commission was received by the car dealers? Shouldn't the car dealers refund their customers?

[jordaggy] 14/11/2024 11:31

In the greater scheme of things, even a 3billion hit to Lloyds can be absorbed over 2 -3 years, some pain but doable.

[scruff1] 14/11/2024 11:25

Don't you read very well arja? We have been over all this before

[arja] 14/11/2024 10:28

scruff1,
have you been shorting gold and silver stocks or have you missed out again ?:) . heaps to be made doing that with a CFD or even a spreadbet in your case being based in pommyland .

[cobourg1] 14/11/2024 09:22

hxxps://www.msn.com/en-gb/money/other/banks-face-new-18bn-ppi-claim-alongside-motor-finance-crisis/ar-AA1u0PDa?ocid=finance-verthp-feeds

Change to https to open - looks like the same article as the Telegraph.

[cobourg1] 14/11/2024 08:56

Extract from a Daily Telegraph article today.


Banks face the threat of a new £18bn class action lawsuit linked to PPI, deepening a crisis in the industry as it confronts a separate motor finance mis-selling scandal set to cost lenders billions.

UK law firm Harcus Parker is waiting for the High Court’s permission to launch a group action against high street banks including HSBC, Santander, and Lloyds Bank, accusing them of secretly charging commission to customers on payment protection insurance (PPI) sales.

Harcus Parker claims that banks and credit card companies secretly pocketed “extortionate” commission payments of up to 95pc when they sold PPI to customers, an arrangement which they failed to disclose.

The law firm is now seeking £18bn in compensation from eight banks and credit card companies, which deny liability.

[freddie01] 14/11/2024 08:49

I hope so too Min Ping.

[joshuam] 14/11/2024 07:48

Got to be worth doing another buy back at this price

[min ping] 14/11/2024 07:22

freddie - agreed. looked nervous. hopefully she relaxes going fwd but yes she was very lightweight.

[xxxxxy] 13/11/2024 21:28

Carpe JugulumI was a police officer for thirty years and a detective for twenty five of those. A few simple guidelines for those confronted by an officer 'investigating' a non-crime hate incident.You do not have to speak to any such officer anywhere. Under NO circumstances identify yourself. They have NO power to question you much less require your identity.If you are at home you can demand they leave your property. Video the officer whenever possible.If you have time to spare REQUIRE them to explain why they want to speak to you. When they have done so explain you would rather not waste your time and require them to leave.In short, do not cooperate in this abject nonsense....Daily Telegraph

[freddie01] 13/11/2024 19:59

I just watched PMQs and thought she was lightweight.

[jl5006] 13/11/2024 19:48

As I said Scruff utterly pointless.
Cant expect too much with such a lot of garbage in politics.
Do these have more than Gloria - ie a GCSE?
BBC love it - I dont.
Kneel just blamed the previous administration.

[bargainbob] 13/11/2024 19:38

Hardup1 hopefully only retirement to April 2025

[jl5006] 13/11/2024 19:12

2 butties
really in control?
Britain is preparing to import more electricity from the European Union's power grids amid concerns over 'anticyclonic gloom' hitting wind farms in recent weeks.

Plans for the National Grid's LionLink and Nautilus interconnector cables to connect the UK to wind farms in the Netherlands and Belgium have now been approved.

inflation through the roof with these clowns
Do they all need to attend SEND school?

[optomistic] 13/11/2024 18:42

Hardup1... thanks for all your work.

[hardup1] 13/11/2024 18:08

After 184 trading days, buyback complete to date:
Total shares to date........................3,686,477,708
Aggregate cost to date... ..................£2,000,000,000
Average price paid to date..................54.2523p
Percentage of £2 billion buyback completed..100%

There should be an RNS issued tomorrow morning announcing the completion of the buyback.

[jl5006] 13/11/2024 16:22

Just a comment from LSE FXPO
Not really evenescent . just a brit living in russia. for ove 3 years and worked in russia 3 times prior to that. and the war start back in 2014 not 2022 as press like to say.

for 8 years russian people who did not want to be part of Ukraine were persecuted by Ukraine. but still if you wish to believe western press. then so be it.

who can blame putin for not wanting to protect russia.

[geckotheglorious] 13/11/2024 15:49

I thought Labour promised not to hit the working man????

Job cuts incoming at pubs and hospitality.
Higher pint prices etc.

And smaller businesses now unable to hire additional staff.

But hey we can afford to give £11.6bn to some climate change fund, £9.6bn for a public sector pay rise and who knows how much to Ukraine!!!

Public sector, especially the civil service, is full to the brim with jobsworths and lefties. As well as the lazy.

And it was absolutely crackers to put a limit on thresholds for pensions because its resulted in so many decent doctors retiring early!!!!!!