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Britain’s biggest publicly listed banks are set to shrug off falling profits to announce a resumption of dividend payments of about £5 billion after a year’s pause.

Progress on vaccines and hopes that interest rate margins may start to widen have modestly improved sentiment among bank executives, despite them building an arsenal of provisions for debts that they expect to turn sour.

Barclays kicks off the bank reporting season on Thursday, with analysts pencilling in a 3.5p dividend worth over £600 million. That comes despite expected pre-tax profits of £2.8 billion for 2020, down from £4.4 billion in 2019.

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Total profits of the five big listed banks — the four high street players plus the London-listed Standard Chartered — are forecast to be £11.7 billion for 2020, less than half the £26.3 billion total for 2019, according to calculations by AJ Bell, the broker. HSBC is expected to pay out 10.1p for 2020, Lloyds 1p, NatWest 11p and Standard Chartered 8.6p, AJ Bell said.

LTI.

That would be a good start.

Say what you like. Others do either way. This share has been wrongly managed for over a decade!

Say what I like DYOR

http://news.bbc.co.uk/1/hi/7622380.stm

Page last updated at 20:11 GMT, Thursday, 18 September 2008 21:11 UK
Bank shares fall despite bail-out

Bail-outQ&ABosses quitGordon BrownWill it work?
Lloyds TSB chief executive Eric Daniels reflects on the HBOS deal
The future of thousands of jobs is in the balance in the wake of Lloyds TSB's £12.2bn takeover of Halifax Bank of Scotland (HBOS).

While Lloyds dismissed claims that up to 40,000 jobs faced the axe as "ridiculous", it refused to rule out compulsory redundancies.

The takeover will lead to cost savings of more than £1bn, Lloyds added.

Meanwhile the global markets were calmer after central banks pumped billions of dollars in extra funds.
The UK government also said it is "determined" to ensure the stability of the financial system and protect savers.

Gordon Brown pledged to "do everything to protect depositors in Britain, who need to have confidence in the banking system".

The takeover by Lloyds TSB values shares in HBOS at 232p each.

By close of trade in London on Thursday, when the deal was announced, shares in HBOS closed up 17%, at 172p, while Lloyds shares shed 17.7% to 253p.

Turmoil

The deal comes as a crisis of confidence on global financial markets has wreaked havoc in recent days:

Gordon Brown said the decision was 'right'

A lack of funding has forced global central banks to pump billions of extra dollars into money markets
Russia's main stock markets have been suspended for two days in a bid to prevent a meltdown after steep falls in share prices
Banks around the world have admitted they could lose millions after the collapse of US investment bank Lehman Brothers
The Federal Reserve rescued AIG with an $85bn (£48bn) package amid fears the group, once the world's largest insurer, could collapse
Bank of America bought investment bank Merrill Lynch in a $50bn deal earlier this week, another sign of the upheaval of the financial sector
Meanwhile, the UK's economic picture remain glum, with latest figures showing mortgage lending slumped again in August
US President George W Bush sought to soothe nerves by announcing that authorities would closely monitor markets
The UK's Financial Services Authority has announced steps to restrict short-selling of shares
Deal welcomed

Effectively the buy-out of HBOS is a rescue deal after its shares plummeted recently amid concerns over the firm's future.

Under the terms of the deal - which must be agreed by shareholders - HBOS shareholders will receive 0.83 Lloyds shares for every HBOS share.


LLOYDS vs HBOS
Branches - Lloyds 1,900; HBOS 1,100
Customers - Lloyds 16 million; HBOS 22 million
Employees - Lloyds 70,000; HBOS 72,000
Savings - Lloyds is the UK's fourth largest savings bank; HBOS is the market leader
Retail savings balance - Lloyds £65bn; HBOS £139bn

Darling seeks bank jobs assurances
Nervousness in Halifax
Bank of Scotland timeline
"This will be a unique opportunity to accelerate and extend our strategy and create the

Seawind--

Could not agree more!!

"Just imagine"

The share price would rocket. !! But!!!! NA>>

https://www.telegraph.co.uk/business/2021/02/02/sunak-could-launch-tax-raid-banks/

LTI.

What's you divi prediction for this year?

Panth::

I think we would all be happy with 3.25p dividend in May 21 then 50p per qtr there after!!!

"Then I woke up"!!

What you think LTI??

Live stock.

Where did you see the BBVA divi info?

Totally agree, after they've given our money back.

LONDON, Jan 28 (Reuters) - Britain's financial watchdog on
Thursday told banks to rethink planned branch closures in a
warning to lenders seeking drastic cuts to patch up
pandemic-dented finances.

The Financial Conduct Authority (FCA) said banks should
consider the impact of national pandemic restrictions on their
ability to comply with regulatory guidance on branch closures,
including consulting customers affected.

Last September's FCA guidance on branch and cash machine
closures sets out how banks should assess customer and business
needs by considering what alternatives are available.

"Some banks and building societies have informed us that
they are either going ahead with branch closures already
announced, or announcing new branch closures during the current
lockdown," the FCA said in a statement.

"We are concerned that these activities could have
significant consequences for customers. It may be harder than
usual to reach all customers under the current restrictions and
engage with them on closure proposals effectively."

HSBC this month said it plans to axe 82 branches in
Britain after a drop in footfall and a surge in digital banking,
though it said the trends predated the COVID-19 pandemic.

The bank gave no immediate comment on the FCA's statement on
Thursday.

Several banks paused branch closures in the early months of
the pandemic before resuming cutbacks. In the second half of
2020 Britain's biggest domestic lender, Lloyds, resumed
plans to cut 56 branches. Sabadell's TSB, meanwhile,
announced it was axeing 164 branches.

"We want firms to review their plans against our existing
guidance and ensure that they continue to comply with our
principles," the FCA said.

"Where firms consider it is appropriate to continue with
plans during this period, we expect them to have considered our
guidance and be able to demonstrate how they’ve taken the
concerns and expectations set out in this statement into
account."

Whatever next. Any comments? :-/

3.3??

comings years.*

????

Good for you and Well done LTI. 24p A!!!
UK banks are not going anywhere unless big moves are made. Simples. Bye.

Lloyds is not currently on our Preferred List. To continue to recover it will need inflation expectations to pick up and for interest rates to start to rise. I have consulted with our analyst who comments;
‘banks are over regulated, over reserved, over capitalised, "*central banks and auditors tell them what to do and seem to endlessly prepare them for the last crisis*" (whilst tying down a big ball and chain on their growth potential), they are also potentially liable to being hit with another PPI type claim and as an investment can be completely overlooked until we get back to some form of rate normalisation.

LTI.

LBG is a DOG!!
I worked for the bank when it was £6-£8. I had HBOSat £8+

I have share save:( none of the banks will increase there SP with low interest rates, especially the UK focused type.

Unless a massive cost cutting exercise takes place or break up, sale, list separately or bit of both.

It will take years without strong corporate action.

The BoD's are just not allowed. Simples!!

Cineworld is facing a furious investor backlash next week over plans to hand its top executives more than £30m in share awards despite it receiving taxpayer funding to help it survive the pandemic.

Sky News has learnt that three major advisory groups are recommending that the cinema operators' shareholders vote against the adoption of a new remuneration policy and the bumper share awards at a specially convened meeting on Monday.

The EGM could turn into one of the biggest confrontations over boardroom pay of 2021 to date, following closely behind a big revolt at the high street retailer WH Smith.