Hello Wayne_130. Yes I see that I did previously post I was an ex lloyds employee. I believe I did that incase eyes where watching call me paranoid. I currently been with the back for approx 10 yrs so potentially a decent payout if it comes to it.
FTSE retracing still - but this time so is LLOY. Good news methinks. Now if she can settle around the low 79 ers, I'm in again. Overall - I agree with the latest posters - future looks good for LLOY especially after this home start leg up from Cameroon! 25% towards first house buyers will add to LLOY's profits.
Hi Bruce, That is a fantastic question about where the expertise is within Lloyds for Lending to small businesses and complicated cases. As a 25+ year employee myself, waiting for my redundancy payout next month, I have regularly asked that question over the last 10. The conclusion I reached is that the Bank doesn't give a hoot. Lloyds is big enough to turn away loads of business and just rely on it's excellent digital platform and Credit scoring systems to not have to worry about the complicated stuff. With a natural increase in demand as the UK moves into growth, this will enable Lloyds to lend more, shut loads of branches, lay off thousands of staff and hugely increase profits. Which bodes fantastically well for the SP for the next 5 years. I just wouldn't be so sure about where it will be in 10....
I have a property in South west France,and one in Florida ......just sold ,but keeping the dollars for the time being .I have always used World First,,,,,,they are very efficient,their rates are generally very competitive,and they are "nice people"to deal with
As I said yesterday - the FTSE needed to retrace - and it is doing. BUT good old LLOY isn't doing its normal duty which is to follow the FTSE, why is this? I think the Market is factoring in the article about "Tell Sid" and there is some rumouring about a company buy back - both of which will stimulate interest in the BH. 2015 is going to be a very busy year for LLOY, especially if it has gone all private at the end of it (not)! As we all probably concede - when the BH is let out of the coral - the SP will light up (relatively). Greece is going to speak to the 'hand' this afternoon only to be told where the door is.....Markets may get nasty.
I agree wholeheartedly with all your post. But what about small businesses and people with complicated finances not suitable for credit scoring? Where are staff to come from with expertise through experience? The new scene will not work for everyone. There are new companies for business like 1pm but I can see a dearth of help for entrepreneurs. And my goodness there will be no fun in banking or characters like there used to be. Still nostalgia is not what it was.
Your research and thoughts to sound very familiar and of course digital is the way the world is going.
I'm just a little confused, your post yesterday stated that you are a Lloyds employee and you're hoping for a redundancy pay out.
However your post on 28th October 2014 stated that you are an ex employee.
Something doesn't seem to be adding up, but if you've re-joined the group then you definitely won't get a pay out due to your very short length of service !
21st March 2015
My opinion as a Lloyds employee. I believe that over the coming yrs the bank will drastically reduce the number of employees it has on the retail side of the bank. Technology will soon be at the point where it will enable them as a company to offer all the products that its customers need in a much more cost efficient way. Speaking from a small catchment area the footfall of customers into the branch has dropped dramatically in recent times. The improvement upon the online service makes opening all products so easy that why will they pay staff costs when they dont need to. Mortgage appointments are soon to be via skype (or some similar technology. Many branchees are being rebranded as digital. In a nut shell banks should be able to maintain profits from selling products but without such overheads as wages and premises to some extent. Could be worth the ride and I hope so as redundancy may beckon ; p
28th October 2014
ex Lloyds employer here. I worked for the bank throughout the PPI drive. It was ridiculous. Basically numerous staff actually stayed away from selling loans or credit cards because if we did'nt get the required take up rate of insurance we got penalised. So the logic was if we not sold a credit card or a loan they can't come down on us over low take up rate sof insurance.
I also believe that customers and companies are milking the PPI claims way way to much. Also the Government are not immune from blame in this fiasco. Government like to say we coming out of a recession and that people are starting to spend again. The only money being spent is the refunds off PPI the country and the working man women are no better off however the free for all on PPI payouts has convieniently taken so attention away from the government.
When u cash the euros into sterling do not do it with a clearing bank. Use a reputable currency dealer such as Worlwide Currencies as the rate will be much better. When we bought our little house in Italy the rate was about 5c better. A lot on £100,000. That was 2008 rate 1.4 went to parity and now back again
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