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.
Upwards again today? There was an interesting article that I came across on the internet about how China has more trillion date than America.....beggars belief.....let's hope this one is going to go into a lite trot sometime soon!
"when it's all over but the language we have to learn to speak if you do not show your hand soon" I think the answer is sorrow. Why? I don't know!!!
RE: Mark Carney:MY2...
Sorry KK25 but I don't really get your post below as it doesn't make sense? Not being funny I assure you but if you read the sentence starting with "Let's see" the end of the sentence doesn't make sense eg:- "when it's all over but the language we have to learn to speak if you do not show your hand soon" Not sure what tour trying to say if you would like to clarify?
23 07 14 ... Come on Mark you are hedging, quarters will not do it's too predictable it must be a statement in it's own right, we are fighting for this Government not your job. Lets see some of that Midway spirit and not the beached Whale come June 2015 when it's all over but the language we have to learn to speak if you do not show your hand soon.
There are a few obstacles on the way namely Scottish Election on 18 September and also Lloyds will have to wait for the results of European stress tests before regulators allow the bank to return cash to investors. The results of these tests are not expected to be released until October of this year. for government, October is the best time to get rid of the shares before the election and the last privatisation of RMG was in October 2013 too. This timing is in line with LLOYDS MANAGEMENT ANNOUNCEMENT OF DIVIDEND IN AUTUMN.
Agree with Medi, more realistic sp, surely a firm statement on div will benefit govt return and help sp to modestly increase. Between now and next election date will reveal where or not this is going!
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