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Under the FCA scheme what happens if a claimant is not known to the lender and cannot prove they had a loan - does the lender have to give them the benefit of the doubt?

Thanks LIBERTY, all good poins. Not much longer to wait, hope there's no nasty surprises...

Have a good day everyone....

Probably Liberty, but if so then why not just say...it just begs the question is this why CBG results are delayed?

Who is the 'Commercial Bank' lending £1.5b to JLR - wishful thinking but might it be CBG?

Hi SG2025.

You haven't a hope in hell that Chid will go away, not whilever you and others on this bb reply and ask him or even beg him to stop. Why does he do it? Firstly he wants to provoke a response, the aim being to argue and disrupt and he has certainly hit the jackpot with you on that one, and secondly to show to himself and to others that he can provoke people whenever and however he chooses, it's a control thing..... The best way to deal with it is to ignore him, don't respond. Starve a fire of oxygen and it will die.....

Good buying opportunity but when will it bottom out? Answers on a postcard please...

Thanks Chid, but I was hoping for a more reassuring response from our resident experts on here. The soothing tones of knott and LIBERTY telling me everything is going to be OK is what I want to hear, after the drubbing we've taken from the shorts this last 3 days, not your same old same old. So forgive me if I don't reply only I don't want to encourage you. Maybe stick to the lloy bb, there's a good chap, they will appreciate your humour more than we do...

I thought the shorters were making an exit now the sc have ruled but now I see walleye have increased their short by 0.1%. What's going on??

Thanks knot and I think I meant .5 not 5... looks like we will see a more balanced market then without the shorts than with them, reflecting and more dependant on 'true' supply and demand... that might mean a slowly sideways/upwards move in the sp than we have been used to...And more news is needed to create that supply and demand of course. In that respect, CBG are going to have to say something pretty soon about the adequacy of their redress provisions because they will be revealing their year end trading in about 4 weeks from now. Its not something they could not mention is it...

One thing that is of interest to me at least is whether the shorts were good for us pi's or bad? Are we likely to see any noticeable change in trading pattern now they have all but gone? For example will more, or less shares be traded, than would otherwise be the case? will there be more or less volatility, will the sp rise or fall? Or will the shorts be able to influence the sp from the sidelines, just under 5% positions?

..

Very possi PMF.

If there are any clues to be gleaned from the timing then I would have thought the press would have jumped on them by now? As it stands all we have seen is a repeat of a suggestion made over 6 months ago that the government may change the law if the SC favour the borowers. The lack of current reporting, plus what amounts to a "Government guarantee" for the sp makes me think spooked? Yes. Rushing to sell? No.....

I have the same recollection JP?..

HMG are not Al of a sudden talking of changing the law.. As I recall it, they first said it way back when the Court of Appeal issued its judgement......

I also feel spooked, in my case its because the SC feels it is necessary for them to release their judgement after market closes next Friday. Why can't they release it before the market opens on Friday, or leak bits of t over the next few days if needs be? Is it because they think their judgement will be so controversial it might force a political reaction and cause mayhem for the markets? What sort of decision could be so controversial that it requires the following weekend to mull it over and calm things down - a win for the customers??

Maybe another update later today?

That had crossed my mind, wait until lloy H1 presentation finishes then release...

SC goes into recess soon so cant be long now - Trinity term ends 31st July, so i would expect the judgement is likely to happen before then...?

Thanks JP, interesting to see what happens....

This is great, it's the way forward....how high does ChatGPT think the sp will rise on judgement day and should we sell?

No fall to around 400 then?