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Lloyds Banking Group has today announced a new strategic collaboration with Google Cloud, as part of its commitment to invest £3 billion to transform for success in a digital world.

https://www.lloydsbankinggroup.com/Media/Press-Releases/2020-press-releases/lloyds-banking-group/lloyds-banking-group-announces-collaboration-with-google-cloud-to-accelerate-digital-transformation/

Lloyds up

44.27 +3.03 (7.36%)

The FTSE 100 opened its account in positive territory after the Black Monday sell-off, which wiped £150bn from Britain’s leading companies.

Still, worries over the spread of the coronavirus and a full-blown oil war will continue to dictate and shape the market narrative

Rate Cuts Aren’t Right Response to Virus, Says Ex-BOE Chief King

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-09/ex-boe-chief-king-says-rate-cuts-aren-t-right-response-to-virus

Antonio lets have a special dividend payment

https://www.youtube.com/watch?v=dYE-DQj0p2s

A stock market “correction” is generally defined as a 10pc plus drop in share prices; the definition of a bear market isn’t reached until the decline exceeds 20 per cent. Markets as a whole are thus well into the correction phase, but there is a way to go before the current sell-off turns into a fully fledged bear market.

However, some sectors beyond the obvious – notably banking – have already made the leap into bear market territory. Since mid-December, shares in Royal Bank of Scotland, Lloyds and Barclays have all fallen by nearly a third in value.

https://www.telegraph.co.uk/business/2020/03/08/coronavirus-rate-cuts-poison-zombified-banking-sector/

The problem is it's a supply side problem and throwing money at a supply side problem may not help that's why people are sceptical of central banks cutting rates.
This crisis therefore differs notably to the 2008 crisis where the fundamental problem was a ceasing up in the supply of finance to a debt-laden global economy.

Rate cuts won't save economy from Coronavirus slump the impact to the world's economy is likely to last for a number of month, Recovery is likely in the second half of 2020. Central bank interest rate cuts do not help when a crisis is an issue of a lack of supply.

The economy grew at its fastest rate in more than a year last month, before business activity started to come under pressure from the coronavirus.

The all-sector IHS Markit/CIPS purchasing managers’ index rose to 53 in February, up from 52.8 in January to its highest level since September 2018.

https://www.thetimes.co.uk/article/uk-economy-was-speeding-up-before-coronavirus-gdkh627mz

Completely agree some top doctor was saying the hot sunny weather will kill it off

Short sellers have pocketed more then 50 billion since the beginning of the week, having taken advantage of the falling stock market

avocet123 trolling again

The new chancellor Rishi Sunak has his first budget on march 11 one positive element for the Treasury is that they will benefit from a windfall of up to £10bn a year from money that used to be sent to the EU

Chinese stocks 2 weeks high after Beijing's 16 billion to fund fight against CV

LONDON (Reuters) - British money manager Schroders (SDR.L) said total assets passed £500 billion for the first time on the back of inflows of client cash from a large mandate win and a wealth management tie-up with Lloyds Banking Group (LLOY.L).

https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKKBN20S0R8

B00oooM

A special dividend payment that would be good for the shareholder more money in your pocket

Andrew Bailey is refusing to commit to a rate cut before his first policy announcement on March 26. He wants more evidence of what the shock is likely to be

https://www.fool.co.uk/investing/2020/03/03/lloyds-dividend-yield-just-hit-7-heres-why-id-invest-2k/

John46
Carney said the Bank would not use negative interest rates. The Bank had several tools at its disposal, including supporting banks to increase their lending