Lloyds Banking Group, produced by the merger of Lloyds TSB and the Halifax banking group HBOS, is the biggest ever UK bank. The combined group, with around 145,000 staff and 3,000 branches, will control around a third of UK's mortgages and a quarter of all savings. The government owns 43.4% of Lloyds Banking Group, 36% are owned by Lloyds TSB shareholders and 20% by HBOS shareholders.
Regulation Regulation: Is this a case of over regulation to compensate for past sins? Globalisation appears to have brought problems of global scale with unvieldly structure. Let us hope for the best GLA
Sold this morning for small profit. I would like to get back in low 74 touching 73
The problem with society is knee jerk reaction to everything before there was hardly any regulation now there is to much that the banks can hardly operate let alone pay a dividend the lloyds saga will go on for at least another 2 to 3 years before it will see any normality by then all the ghosts should be out of the closet,but the demons may return as the world is very unstable on the bright side hopefully div announcement soon which should start moving the stock to over 80.
What a joke
Investors will start investing when the banks start paying a f ing dividend. British banks may seek outside checks on published capital ratios Thu Jan 29, 2015 4:59pm GMT By Huw Jones LONDON (Reuters) - Banks in Britain may end up hiring auditors to endorse the capital ratios they publish to increase investor confidence, an accounting body said on Thursday. The ICAEW said it was working with the Bank of England's supervisory arm, the Prudential Regulation Authority, on whether confidence in capital ratios, a core benchmark of health, would be increased if they were formally audited. "ICAEW is considering whether and how external assurance could increase confidence in bank capital ratios," Iain Coke, head of the ICAEW's financial services faculty, said in a statement. "We are working closely with the Prudential Regulation Authority on this project. We are currently taking wider stakeholder input and aim to publish proposals for consultation in the second quarter," Coke said. Such a step would go further than new global rules published this week from the Basel Committee of banking supervisors that set out stricter requirements on how lenders must publicly disclose their capital ratios from the end of 2016. The Basel rules require a senior manager at the bank to attest in writing that the disclosures have been compiled with board approved internal controls. Coke said the Basel rules coupled with a separate UK reform for vetting senior bankers with its 'guilty until proven innocent' presumption, could see bankers asking for external auditing of ratios to give them additional assurance. Regulators suspect banks of manipulating internal models used for calculating capital requirements after finding big variations in the amount of capital held to cover the same risks. The BoE is already looking at whether banks who use internal models should also publish ratios calculated under a globally agreed "standardised" approach for measuring risks in order to give investors an additional check. Confidence in capital ratios is becoming more critical as banks build a new cushion of debt that can be turned into equity if core capital ratios fall to a certain level. Basel is also consulting on whether banks must hold a minimum amount of capital irrespective of what internal models say they should be holding. (Reporting by Huw Jones; Editing by Elaine Hardcastle) Email Article » Next Article: Shell falls short after oil production income collapses
Respect your view ,why do I say this As long term share holder I read your many great posts
RE: Humiliation of LLoyds share hol..
martin1: Why feel sorry for AHO? He gets paid as per his contract! For what he has achieved further probably bigger reward awaits him in the next job.No sir I have no sympathy for AHO or any of the top guys and gals, they are always well paid no matter what.They do not need sympathy either, sure they will tell us so, if we ask!! GL
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