As i understand it UK stress tests won't be published until December but everything AH has said indicates he's confident Lloys will pass easily. It is being reported that 25 of the 130 Euro banks tested will have failed but since the exam date was the start of this year, most have recapitalised already leaving 10 with work to do, mostly banks in the PIGS area. Very hard to judge market reaction on Monday. The tests had to have some failures otherwise they wouldn't be credible. News suggests results are in line with expectations....might be a Goldilocks type of situation, not too bad to be scarey but bad enough to suggest the tests were credible. Personally I'm mildly pessimistic that simply by raising the issue of banking stability again this will create some uncertainty but Only Monday and maybe the Sunday papers will tell. Anyway on a positive note if there's a drop it's a buying opportunity before Tuesday.
New recruitment hopefully a final push to close PPI wef end of Q1 2015. I have worked for both HX & LLOY and I know most recruitment in these areas is temporary staff, laid off at a days notice, so for me this is good news.
Have to agree with Cardiff that unfortunately PPI isn't over. Lloyds are currently taking on contractors until the end of 2015. Although I expect these contractors to be coming in to tie up loose ends etc
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