RE: No point27 Jul 2020 17:01
Unfortunately I have to agree Hollybean. The best thing that Lloyds BoD can do at the present time is prepare for the worst in terms of impairment provisioning now, whilst also ensuring that they are sufficiently resourced in those specialist areas that will be best placed, equipped and trained to support business and personal customers in financial difficulty. There is no firm end timeline to this and it is not all Covid related but that has most definitely brought forward the cyclical downturn but at unprecedented levels. This too shall pass - but anyone making predictions at the moment should back up any statements with both scientific and economic reasoning. Thursdays statement from Lloyds will be interesting - a fine line between positivity and talk of preparation and realism in terms of provisioning imo - but all will be revealed.
Continue to take care one and all.