Register
Login:
Share:
Email Facebook Twitter

LLOY Share Chat - RSS Feed

Lloyds Banking Group Share Chat (LLOY)



Share Price: 75.18Bid: 75.15Ask: 75.18Change: 0.37 (+0.49%)Riser - Lloyds Grp.
Spread: 0.03Spread as %: 0.04%Open: 75.32High: 75.42Low: 74.31Yesterday’s Close: 74.81



Share Discussion for Lloyds Grp. (LLOY)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


MY21
Posts: 1,698
Off Topic
Opinion:No Opinion
Price:73.95
Media report about Loyds Libor Fine
Thu 23:51
July 24 (Reuters) - The long-awaited fine on Britain's Lloyds Banking Group in relation to the benchmark interest rate (LIBOR) fixing allegations will be announced next week, two sources familiar with the inquiry told Reuters.

One source said the settlement, which will be the seventh joint UK and U.S. penalty in this inquiry, could be in the ballpark of 200 million to 300 million pounds.

Deutsche Bank is expected to be the eighth bank to settle U.S. and UK allegations of manipulating benchmark interest rates, which are used to price around 450 trillion dollars of financial products worldwide.

Britain's Financial Conduct Authority said in 2012 it expected to reach eight "global" U.S.-UK settlements with financial institutions over the rate-rigging allegations, although it has not ruled out the possibility of pursuing more institutions alone.

Including fines dished out by the antitrust regulator, the European Commission, on cartel grounds, a total of 10 banks and brokerages have been fined around $6 billion for benchmark interest rate manipulation to date. Seventeen men have been criminally charged.

The Financial Times reported earlier on Thursday that Lloyds is expected to announce the settlement before declaring its first-half results, citing people familiar with the situation. (http://on.ft.com/1mK7C1q)

Lloyds, FCA, CFTC and DoJ could not immediately be reached for comment. ($1 = 0.5888 British Pounds) ($1 = 0.5887 British Pounds) (Reporting by Aashika Jain in Bangalore, Kirstin Ridley and Matt Scuffham in London; editing by Gunna Dickson)
 
MY21
Posts: 1,698
Off Topic
Opinion:No Opinion
Price:73.95
BOE on MMR
Thu 23:46
The Bank of England’s Monetary Policy Committee says lenders have underestimated the Mortgage Market Review’s impact on lending volumes.

According to minutes from the committee’s June meeting, published yesterday, lenders have reported a reduction in purchase and remortgage approvals since the MMR but expected both would “return to a normal level” by the end of July.

However, the MPC believes the new regulations could have an impact on consumers’ confidence in their ability to get finance and therefore continue to suppress lending volumes.

The minutes say: “Mortgage lenders had indicated that MMR had been a factor reducing the volume of approvals for house purchase and remortgaging in May. Most had said that they would be able to return to a normal level of business by the end of July.

“But the MMR might well have a more persistent impact on the behaviour of some borrowers, by influencing the terms or availability of credit. It might take [borrowers] time to adjust downwards their expectations about what was affordable and to redirect their search. During this time, both transactions and lending would be lower.”

A spokesman for the Council of Mortgage Lenders says: “Based on data we have seen so far, which is only for the first couple of months following MMR, there are no signs of any clear effects of the new regulations in terms of dampening down the market – but it is too early to draw conclusions.

“We do believe that a combination of factors, including the FPC criteria changes and the MMR, are pushing us towards a more conservative lending environment.”

In May, brokers warned that buyers could miss out on properties as a result of delays caused by the MMR, including waiting times of up to 20 weeks for cases to complete.
SP61GHT
Posts: 161
Off Topic
Opinion:No Opinion
Price:73.95
Re Is this good
Thu 21:28
Probably,

I wouldn't be surprised if the SP went up. It has before with banks when fines have been announced

The market doesn't like uncertainty.

SP61GHT

TYOTH
lifeagamble
Posts: 128
Off Topic
Opinion:No Opinion
Price:73.95
Is this good
Thu 21:21
lifeagamble
Posts: 128
Off Topic
Opinion:No Opinion
Price:73.95
Not long now
Thu 21:18
162 hours 42 mins till 7am Thursday 31/07/14 fingers crossed x
Berghaus
Posts: 37
Observation
Opinion:Strong Buy
Price:73.95
therealdeal1
Thu 20:23
"IF by a a minor miracle we get to 80 85p who is selling looking to buy in cheaper?" - not me. The only thing limiting this stock to 85p is no dividend. Once it's announced you remove the uncertainty the markets hate and you have all the hedge funds buying in. Once they know a 4-5% yield is there they will buy up to whatever price makes sense to achieve that. The SP would rocket to 100p on a 4-5p div announcement (for 2015) but I think we are counting our chickens. It may be a little to early for the relevant authorities to grant LLOY permission to give a dividend without first passing the EU stress test in October.
checkricky
Posts: 157
Off Topic
Opinion:No Opinion
Price:73.95
Fitch Affirms LBG IDRs & VR
Thu 19:57
therealdeal1
Posts: 254
Off Topic
Opinion:No Opinion
Price:73.95
results
Thu 19:34
IF by a a minor miracle we get to 80 85p who is selling looking to buy in cheaper?
sway
Posts: 19
Off Topic
Opinion:No Opinion
Price:73.95
All post this afternoon
Thu 18:31
Sorry for causing so much trouble this afternoon,I said that I paid 83.85p on 8/7/14 and that was a mistake,it was 73.85p.
hull
Posts: 146
Off Topic
Opinion:No Opinion
Price:73.95
lloy
Thu 17:19
may see 75p tomorrow
then upwards to results .looking for
80-85p



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.