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.
stress tests,live coverage on cnbc tomora morning at 11am. enjoy
Do not count on it being the end of the road for PPI provisions just yet. IMO it's probably going to be a drain for at least another 12 - 18 months albeit at a marginally reduced provision.
If Lloyd's are back in the black then they will HAVE to release some news on either a div or an idea when? As interest rates will go up next year, banks are set to make even more millions !
RE: UK banks are back !!!!
That's it then, all's fine and dandy. Being responsible lending out money is all it takes.....wow. What could possibly go wrong
Tallrugbyguy, you might be right. Though I wonder how many more skeletons have yet to emerge from the banks closets. Any thoughts on when and how much the dividend reinstatement will be. Listening to the radio, the Ppi adverts just go on and on. Surely after all this time, there can't be many people still thinking of making a claim
UK banks are back !!!!
Nice to see all UK banks are back to making money again !!! End of ppi's, Houses selling like hot cakes, and being more carefully when lending out money, Lloyd's and Barclay's are due awesome results this week ;-) so on the way up and up !!!
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