MY21 I take it you are inferring the same will scenario will occur tomorrow on Lloyds results ,very likely but I think not as severe, as Barclays were very slow in the beginning of this PPI episode to set aside reserves,Lloyds held there hands up immediatly and have paid out the bulk already.
Barclays bank has set aside a further £900m to compensate customers for missold payment protection insurance, taking its total PPI redress bill to £5.45bn as per their Interim results announcement this morning.
Wrong for the banks to 'fix' interest rates but O.K. for H.M.G. to effectively do the same with the Lloyds share price by 'discounting' the last offer price thus sending the share price down nearly 5p overnight ?
Looks like the authorities are really getting the strap out now ,with the clawback proposal .I think its a good thing the stock in the banks will always be tainted if the nasties are not rooted out after all we are investing in the bank would we do so if we knew the operatives were at it.
Good morning all.Another Sunny day. The SP is looking good at the moment, moving up very slowly( like Test cricket scores!!!) The US30 index is up! BARC shares up too after the results.ITV doing well.Not ramping but well meaning , keep an eye on QFI for the next couple of weeks! Yes sir we are all here to make a bit of money and a bit of play with words as bonus ( not the Bankers bonus) What will be the closing SP today? IMHO the upper limit is 76.5 to 77p.Tomorrow is another day. All the best to you
Please tell me when bankers did not fix interest rates,,and are these highly paid accountants at the companies involved completely incompetent.....no of course not it is band wagon time again,and as for Meridian it would be far better if they took a good look at their standard of care in relation to this exorbitant fees charged They would not be complaining if interest rates had moved in their favour.....sour grapes
Guardian set to sue Lloyds in Libor case: The care home operator at the centre of a £40 million settlement with Barclays that was described as the “Libor test case” is preparing a new legal action against Lloyds Banking Group that will focus on the taxpayer-backed lender’s involvement in rigging borrowing rates.
UK mortgage approvals advanced more than market expectations in June
The number of mortgage approvals for house purchases in the UK rose to 67.2 K in June, following a revised 62.0 K approvals reported in the earlier month. Markets were expecting mortgage approvals to rise to 63.0 K in June.
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