Barclays Vs Lloyds29 Oct 2022 10:41
Barclays and Lloyds are the two key banks in the UK sector and despite some similarities,
there are also glaring differences.
Lloyds has been back to doing what it does best, current accounts, mortgages, personal
and business loans, and life insurance…sound dull? Thank goodness. Fund managers in
the City used to mockingly call Lloyds “the world’s most boring bank”, who knew that would
become a compliment. Lloyds dominates the UK savings and mortgage industry and does
98% of its business in the UK, reconfirming its position as a key bell weather for the UK
economy so perhaps needs a bit more focus to understand the underlying view on the UK
economy.
Barclays is much more of a global operation and has some great businesses when you
scratch the surface. They have a leading wealth manager and a leading investment bank,
but it is fair to say that Barclays is not the global bank it once was. Except for the US, it has
largely retreated from foreign markets. Only a few years ago it had major operations in
Europe and Africa in particular, but these have been sold off. What we have left is a UK-USfocused bank.
Both have caused investors huge frustrations over recent years but for different reasons.
https://ukinvestormagazine.co.uk/wp-content/uploads/2022/10/ATLANTIC-CAPITAL-MARKETS-BARCLAYS-Vs-LLOYDS.pdf