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.
You guys make me laugh. Brexit...... Brexit isn't new news, this has been looming for months and will continue for months. But suddenly that's the reason why lloyds have dropped. No. Lloyds are a very reactive share any any bad news effects it. 4 days ago DB were finished. Today all is on the mend.lol
DOW up 225 with 45 minutes to go and I can only assume it's the news,which I haven't seen mentioned on here ,that the $14 billion fine imposed by US regulators has been reduced to 5.4$ billion. They realised it wasn't in anyone's interest to push DB over the top.
I watched an interview on tv with a German financier and he said it's nothing like Lehmans. There isn't a liquidity problem. He's blames the hedge fund shorters for stating that some were pulling out with the aim of lowering… Read More
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