"Interesting HSBC Chief executive Stuart Gulliver said the prospect of interest rate rises towards the end of the year was positive for the bank"
It may be for HSBC, not necessarily for Lloyds, with wages well below inflation for the foreseeable, many families, who it may be argued should not having been buying in the first place, are struggling now with bills.
With Lloyds holding the lions share of pauper mortgages, then, any interest rate rise will hit these people hard, and if too hard, then repossessions could be on the cards, with more falls in house prices, more negative equity, and, as I stated before, a rise in interest rates means that it will cost Lloyds more to borrow.
Distinguish betwixt chalk, and mouldy cheese.
Ps, Why I never sold out at 86, was most of my Lloyds not in an isa, also, my like others on here, once the s.p is high, you start to think, the unthinkable, as in, 'Maybe' I was wrong, maybe, just maybe, Lloyds is going to do well, despite everything stacked so highly against it.
Yet, as ALWAYS, my views were to be proved correct, and as usual, I had the foresight to see what was coming, but lack the bottle to do anything about it....Again!
So, the only time I was wrong, was when I thought I was wrong, but I was right, so I weren't really wrong at all.
Lloyds - The bank, 25pc owned by the taxpayer, now has a stronger hand when going to the Bank of England for permission to restart dividends, a development that should smooth the remaining government share sales.
Halifax looks to boost presence on high street: Halifax Boss David Nicholson has insisted that a high street presence is “vital” as the bank seeks to re-establish itself in Scotland, despite a continuing decline in traditional branch activity.
More pain for workers as Bank warns wages will lag inflation: Hard-Pressed householders are likely to be dealt a blow this week with the Bank of England expected to slash its forecast for earnings growth. Officials could signal pay will lag inflation again this year, dashing hopes of a sustained rise in real wages after six years of decline.
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