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Lloyds Share Chat (LLOY)



Share Price: 67.40Bid: 67.36Ask: 67.40Change: 0.76 (+1.14%)Riser - Lloyds Grp.
Spread: 0.04Spread as %: 0.06%Open: 66.53High: 67.40Low: 66.10Yesterday’s Close: 66.64


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eviking
Posts: 1,394
Off Topic
Opinion:No Opinion
Price:67.40
RE: Lloyd's Santa rally
Today 23:14
Ho ho ho so presumably predicteable yes the black horse do like a Xmas rally. Honestly almost a traditional fan fare....
 
Asperger1
Posts: 4,641
Off Topic
Opinion:No Opinion
Price:67.40
RE: Mr Blobby case
Today 22:13
Correction -
So that a total of 66 businesses affected

As of Nov, out of the 63 under the normal review scheme
~34 claims finalised,
~7 offers pending acceptance
~10 awaiting an offer
~12 business owners yet to submit claim information
Current review offers have utilized £29m from the £100m total set aside

Plus 3 claims being assessed separately,
1x settled (Mr&Mrs Turner) undisclosed amount
2x pending inc Mr Blobby

♞ 💰 💰 💰 📈 ❤️
Asperger1
Posts: 4,641
Off Topic
Opinion:No Opinion
Price:67.40
RE: Mr Blobby case
Today 21:47
The couple who spent 10 years investigating a multimillion-pound fraud at HBOS have settled their claim for compensation with Lloyds Banking Group, which took over the bank at the height of the financial crisis.

A statement said the bank and the Turners were “pleased that the dispute between them has been fully resolved and a settlement has been reached”.

Nikki and Paul Turner said they were “relieved and delighted” they had agreed a settlement with the bank.

“Lloyds has recognised not only our role in campaigning for the victims of the HBOS Reading scandal, but also that we will be continuing our work on behalf of other victims in order to help them secure a similar element of closure,” they said.

The fraudulent activities at HBOS Reading took place between 2003 and 2007 and Lloyds has set aside £100m to compensate businesses affected.

The claims are being assessed by Prof Russel Griggs, but about a dozen of the 63 business that are part of his review are yet to provide him with information about their cases.

Lloyds has offered £29m to 42 businesses, about 80% of which have accepted their deals.

The Turners’ company, along with two other businesses including one owned by Noel Edmonds, are not part of the formal review.

https://www.theguardian.com/business/2017/nov/30/tireless-couple-who-investigated-hbos-settle-claim-with-lloyds

So that a total of 66 businesses affected
As of Nov, out of the 63 under the normal review scheme
~41 claims finalised, utilizing £29m from the £100m set aside
~10 submitted claims yet to finalise
~12 pending information about their claim

Plus 3 claims being assessed separately,
1x settled
2x pending inc Mr Blobby

♞ 💰 💰 💰 📈 ❤️
Happyhead
Posts: 186
Off Topic
Opinion:No Opinion
Price:67.40
Lloyd's Santa rally
Today 21:39
Freya. Santa rally has just started and 70p will be past by Christmas! Ho ho ho when Mr Carney has to hint on interest rises as inflation rises and brexit talks remain positive! KTF lloyders with this volatile nag.
freya
Posts: 1,651
Off Topic
Opinion:No Opinion
Price:67.40
Lloyds Santa Rally ???
Today 21:02
Greetings from sunny Tenerife! I am on my way home tomorrow and am wondering what the hell you lot have been up to in my absence. I would have thought Lloyds share price would be hovering a little bit higher than it is now. I dare say you lot have been arguing about EU and Brexit instead of willing this price up. I was thinking of everyone shivering in the U.K. while I was sun bathing by the pool. Lol. Now back to business, time this share price was rising and I expect everyone to be doing their bit in giving this a push in the upward direction. Adios amigos.
mick-b
Posts: 3,738
Off Topic
Opinion:No Opinion
Price:67.40
View Thread (3)
festering scandal saps public trust
Today 20:25
PART TWO if you cannot read the FT.

Many of these details became public at the start of this year in a trial that resulted in jail sentences for six people. But bank executives, regulators and MPs saw evidence of wrongdoing much earlier. HBOS executives assessed the Reading losses in the spring of 2008 and were anxious to avoid having to disclose them to investors. When the bank was taken over later that year by Lloyds — in one of the most ill-fated UK bank mergers in memory — its new owner neglected to go further, preoccupied as it was with managing its own post-crash crisis and then with finding a way out from under state control after the taxpayer took a stake. Lloyds maintained its own investigations did not prove criminal behaviour and the bank persisted in treating the victims as failed business owners.

By 2009, evidence collected by victims was emerging, leading to pressure from the Financial Services Authority and a debate in parliament. But it still took a six-year police investigation — which Lloyds did little to expedite — before the case could be brought to court. Only since the trial has Lloyds offered any compensation and even now — inexcusably — just 24 customers out of 65 included in the compensation scheme have reached a settlement. The bank had originally expected the process to be substantially complete by the end of June. There are serious questions over the independence of the process for determining payouts and of an inquiry the bank has commissioned into its conduct of the affair.

The Reading fraud is one of the clearest illustrations of the human cost of bankers’ delinquent behaviour in the run-up to the crisis. If even now those running the biggest institutions are unwilling to take responsibility for the damage done in those years, and if the authorities fail to hold them to account, it should be no surprise that people feel the system is stacked against them and see talk from the sector of learning “lessons” as hot air.

This was a life-destroying scam. Although António Horta-Osório did not preside over it, he was Lloyds chief executive when the bank responded with indifference. Credibility cannot be restored by slamming shareholders with fines. Management is responsible for this kind of malfeasance; it must bear the consequences of its failures.

END
mick-b
Posts: 3,738
Off Topic
Opinion:No Opinion
Price:67.40
View Thread (3)
festering scandal saps public trust
Today 20:12
A festering scandal saps public trust in Lloyds - FT VIEW
The bank has been too slow to accept responsibility for fraud at HBOS
OCTOBER 8, 2017
A decade on from the global financial crisis, almost no one has been held accountable for the excesses that led to the crash. True, it has been hard to single out culprits when so many were complicit — with lenders, borrowers, investors and regulators wilfully blind to the risks they were running.

But then there are the cases where criminality was so clear cut, and the victims so severely affected, that they cannot be ignored. The fraud perpetrated on corporate customers of the UK lender HBOS at its Reading branch between 2003 and 2007, as exposed in all its shocking detail in an FT investigation, falls squarely into this category.

The scam was run by Lynden Scourfield, a banker dealing with “higher-risk” customers, and David Mills, who ran a turnround consultancy called Quayside Corporate Services. Mr Scourfield referred struggling small businesses to QCS as a condition of receiving further credit; they were charged huge fees for the supposed service and in some cases were loaded with unmanageable debt before being taken over and asset stripped.

One victim, a mother of five, lost her business, home and marriage. Another couple spent years living on benefits and fighting eviction orders. There are scores of similar cases. The fraudsters spent the money they had siphoned off on expensive gifts, luxury holidays and sex. One internal report estimates the total cost of the fraud, including the loans that were written off and the likely compensation, at up to £1bn

https://www.ft.com/content/5cb9366a-aa88-11e7-93c5-648314d2c72c
deadcatsbounce
Posts: 1,569
Off Topic
Opinion:No Opinion
Price:67.40
View Thread (3)
RE: David Davis - a complete idiot!..
Today 20:05
- Full trade deal impossible by Brexit date - Michel Barnier
- Plea for Brexit deal on medicines amid shortage fears
- ‘No backtracking!’ Barnier says EU will NOT accept British u-turn on Brexit commitments
- EU demands Brexit agreement made legally binding after David Davis outburst!
- Tory rebels threaten to deal Theresa May an embarrassing defeat on Brexit bill
- Few expected the Brexit to succeed, including those who voted for the Brexit
- No-Deal Brexit to Lead to UK Economic Losses Worth $140 Bln

Brexit going well lads... ? LOL
Newchurch
Posts: 2,720
Off Topic
Opinion:No Opinion
Price:67.40
RE: Mr Blobby case
Today 19:40
Thanks Asp for the info, couldn't be bothered to read through pages so grateful of the trimmed version.

My only concern is, as I have mentioned before, HMG seem to me, to be using banks to help the 'little guy', even if the little guy's partly at fault, as HMG themselves can no longer afford too fund the economy.

Whilst N.E can hardly be described as the a 'little guy' and certainly not so Mr Blobby, the rules, still have to apply equally to all.

So I expect he will do ok for that reason alone.

Secondly, it is yet 'another' no doubt immoral, but lucrative income stream not only gone, but now having to be paid back, with nothing 'new' to replace it.

Where would the UK's or for that matter, many other countries wealth have come from if NOT from immoral, means?
TheFarEnd
Posts: 891
Off Topic
Opinion:No Opinion
Price:67.40
RE: RE: Re: farend re
Today 18:26
You're welcome.




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