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What " utter nonsense " America could renege on its debts. If America freezes Chinese assets in America, China will also freeze all American assets in China causing complete chaos and panic on global equity markets. Everyone would then sell their dollars and the value of the dollar would almost fall to almost nothing, America would then suffer from hyperinflation leaving their citizens a lot poorer.

American investment banking titan JP Morgan is set to become the latest US financial group to enter and further shake up the UK retail UK banking sector this summer under the Chase brand. They will join " Marcus " by Goldman Sachs and " Ford Money " who are already well established in the UK retail savings market who offer vastly superior rates of interest on their retail savings accounts compared to the absolutely miserly rates of interest offered by the traditional UK high street banks.

Mike O'leary ( RyanAir ) boss and his refusal and his delaying tactics to refund customer deposits on cancelled flights is the latest name to be added to the growing list of business tyrants which include Mike Ashley ( Sports Direct) Tim Martin ( Wetherspoons) Richard Branson ( Virgin Airways) and many more, who have shown scant regard to the health and safety and financial wellbeing of their hardworking and underpaid workforce during this CV -19 pandemic.

Mike O'leary " Do The Right Thing " and return customer deposits many are owed hundreds of pounds , who are now jobless and are living on the breadline with a uncertain future ahead of them.

Lloyds long-term financial propects look reasonably secure, and without the need for a capital raising issue further down the line. However investors should brace themselves for the possibility of full current year earnings and profits to be completely wiped out and bank CET capital ratio's to take a huge hit.

Correct decision by the PRA and BOD to cancel all future dividends for 2020 , Today's Q1 results clearly demonstrates the seriousness of problems facing the UK banking sector and the unprecedented steep downturn to the UK and global economy.

With further deterioration in Net Interest Margins now down to (2.79 %) and the bank now facing ultra interest rates and rising impairment charges future earnings outlook for Lloyds looks increasiingly pretty grim for Q2 results and possibly well into 2021.

Far to early to guage the full impact of Covid -19 ecomomic damage related to the UK economy or the effect of the new BoE ultra low interest rates will have on the bank net operating interest margins ( NIMS ), there is no immediate urgency or reason for investors to jump into this non - dividend paying stock - time soon.

" Extraordinary Times call for Extraordinary Measures " We must never again revisit the fianancial Banking Crisis of 2008 .

No rush for investors to jump back into this share. The irreparable damage and fall - out to the UKs economic and productivity capacity and true extent of the corona virus will not impact on the share price for another 6 -12 months down the line, and this is before tentative UK - EU trade talks have begun.

Stay clear for now, better value elsewhere.

With Italy and Spains banking sector now looking increasingly vulnerable to potential bank runs and bailouts, i would expect the BOE and Chancellor over the coming days to instruct UK banks to cancel all dividend payments.

Coronavirus will bankrupt more people and companies than it kills ! Investors should brace themselves for a wave of dividend cuts and cancellations across the entire market in the coming weeks and months.

Rich or poor, in work or out of work, every mortgage holder in the country would love to have opportunity of a 3 month " mortgage payment holiday ".

Absolutely no chance of Lloyds going bust again, however there is more than a fair chance current and future dividend payments will be curtailed and cancelled.

No free lunch for UK Plc from the taxpayer, it will be probably be conditional, on debt for equity swaps capital raising and cancellation of dividend payments.

" exceptional times call for exceptional measures"

" Future UK banking sector profitability levels are now at serious risk " BOE rate cut from 0.75% to 0.25% will result in even more pressure being put on lenders who are already struggling with wafer - thin operating margins.

Thankfully the sun finally sets on OPEC dominance of world oil markets. The end of one era and the beginning of another era of lower world oil prices.

After January's knife - edge decision to keep interest rates on hold, BOE interest rate cut looks almost inevitable now.

Welcome back mick -b " Gold Soaring " last friday's gold price saw its biggest drop in almost seven years.

BOE ready to act, and reduce interest rates as UK economy is increasingly threatened by coronavirus.

Wids, " take my word for it " after they have creamed of punters retirement funds, private shareholder equity, and brought a cowed China to the US trade -talks table its a win - win situation again for Corporate America.

Let us all get " real "about the true extent of coronavirus sitiation.

" much ado about nothing" William Shakespeare 1598.