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Oxo42, There's no free lunch for banks, Government backed guaranteed covid loans come at a price !

Banks need to remain cautious somewhere down the line these Government backed loans may well turn out to have a nasty sting in the tail for them.

Many of these loans are propping up a whole raft of weak and failing businesses, and could end up damaging the UK economy and consequently, have a significant financial knock - on effect for the banking sector.

Welcome to Trump's America ! at the last count 540 Billionaires worth an estimated $2.4 trillion dollars representing 12% of US GDP. Meanwhile one in seven Americans now rely on food banks........

Yes, Exactly: Wids the Treasury still in overall charge of BOE decision making, and also keeps a tight control of who gets to be appointed to sit on the MPC.

Agree, Contrary to popular belief BOE is not independent, it is a Central Bank owned by the Government of the day, and operates solely under a mandate from the Chancellor of the Exchequer.

Absurd idea! flogging of the family silver in these times of economic uncertainty.

It was not until 2006, that the UK finally fully repaid its WW2 Lend - Lease debt to the United States.

What a topsy - turvy world we now live in, negative interest rates will probably result in the bank, not the saver collecting any interest or bank fees due.

Off Subject
" one in the eye " for Wetherspoons covid denier boss Tim Martin, Carlisle Cumbria Pub outlet now shut due to staff member testing positive for covid -19.

The Net Asset Value ( NAV ) of a company are the total assets value, divided by the number of shares oustanding on the share register less its financial liabilities.

Market value of a company in the event of a possible takeover are determined by financial markets only !

Big Tech will probably want to start from scratch or a takeover of a small UK fin-tech bank, they will not be interested in acquiring large scale outdated high street bank IT legacy systems, buildings and expensive to maintain employee pension schemes.

School's and Education must take precedence over Pubs and Bars.
Government jumped the gun in reopening the Pub sector to quickly.
Closing down Pubs in a second lockdown will permanently cost tens of thousands of jobs and leave sector shareholders nursing further large losses on their investments.

Some shares are cheap for a reason !
I'm afraid the old rules for investing for the longterm no longer apply in today's fast moving volatile driven markets.

Sadly the old days of Dad's Army Captain Mainwaring type of bank manager are now long gone.

A further sharp drop in net interest margin income ( NIMs) and credit card business, could turn out to be achilles heel for Lloyds Q2 reporting tomorrow.

Investors will need to digest Barclays Wednesday morning Q2 reporting figures before predicting Lloyds friday close of trade share price or considering investing any further cash into Lloyds.

If true right decision by the BoE, they will be no UK taxpayer cash bail-out for the banking sector this time, the knock-on effects of Covid and a possible no deal Brexit on the UK economy will still be unravelling well into 2021.

Market jitters in anticipation of negative Q2 results.
HSBC currently trading at a 24 year low.

Oxo42 " The share price was over 80p with no dividend" erm?
livestock post, not mine ! however its worth pointing out the last time Lloyds share price was over 80p UK banking sector metrics were very different compared to the present.

Off Subject
Theosus, worring times ahead for Trumps so -called unified America, the sight of NFAC heaviy armed black militia groups marauding the city streets wearing special forces combat fatigues openly brandishing an array of deadly automatic weapons, must send shivers up the spines of many ordinary law abiding American citizens.

Crucial week for Lloyds!
Q2 earnings release wil probablyl determine what investors can expect for the rest of the financial year and possibly well into 2021.

Bumbling Boris Johnson's handling of the economy and covid crisis has put Scottish Independence firmy back on the political agenda.

Tough times ahead, impairment charges and net interest margins ( NIMs ) data are likley to dominate Q2 headline reporting news for UK banking sector this week.