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Only problem here is UK high street future banking retail profitability levels.

Exactly Wids only fools rush in, let the market take its toll on the current turmoil in the Global equity markets.

guingette the prognosis for the UK banking industry is dismal, RBS still 19P old money, Lloyds 50P, current UK bank share prices are another timely reminder of the gulf between Wall Street banks and the UKs high street banks in terms of profitability and diversity of income.

Analysts are expecting Lloyds to reveal a further drop in underlying profits, a rise in credit impairments and the all important NIMs have been trimmed again to 2.88% from 2.93% from the previous financial year.

Boomer in a "nutshell " HSBC currently have around 30% of their capital allocated to business operations that are delivering returns below their cost of equity in mainland Europe and America, and will be hammered with over $8 Billion Dollars of restructuring costs over the next three years.

Negative Bond yields across Europe have driven investors into Greek debt. Greek government cost to borrow money fell below 1% last week, for the first ever time in its history.

livestock, Traditional high street banks have failed to redifine themselves since the 2008 crash, and change how they operate, they should not discount the long - term growing threat posed by the new digital banking sector.

Furryboots, Personal investors may be not concernd about the Challenger Bank Sector, the market certainly is, RBS currently trading at 20P old money, Lloyds under 57P "speaks volumes " for the future profitability of the major high street retail banks.

Current share buyback program abruptly suspended, for the first time in four years employee staff bonuses are about to be cut. Lloyds have badly miscalculated the true final cost of the PPI scandal.

livestock, all businesses have expensive upfront startup costs, buildings, hiring staff, IT systems infrastruture . Monzo is just one of a score of new UK Challenger Banks set to shake up the traditional high street big banks.

seany123, PPI writedowns are the least of Lloyds problems and are probably already baked into the current share price. More importantly analysts will be taking a close look at the underlying profit figures and deteriorating NIMs margins , both are likely to see further falls again from previous years.

Wids / Jammare. Investors and banks will have to live in hope, current BOE Monetary Policy don't take away the party punch bowl of cheap giveaway money anytime soon.

john46. Agree, however US shale has a massive pay off for America in terms of energy independance and rapidly growing dollar earning oil exports, a major stumbling block in the Russian / OPEC oil production negotiation cuts.

Put simply Russia will not relinquish their oil production to benefit the American shale oil industry.

The props beneath the global oil industry are now rapidly decaying, oil prices have been in decline due to a combination of weak demand rising Non - Opec supply and the rapid transition to a low carbon society.

Future stranded oil assets estimated at over $2.2 Trillion Dollars also pose a real threat to the global banking industry.

leas, wait till results day the most likely outcome for the share price is a frosty reception from the market.

Dominic Cummings is running the show, the ultimate puppet -master of this Conservative Government.

Same old problem inflicting UK Banking sector, deteriorating NIMs, low interest rates and increased credit impairment charges.

livestock, Supermarkets or Banks, inflating sales figures or Bank statutory profits is tantamount to fraudulent financial reporting.

livestock, Tesco tried that scam in 2014 and was caught out, decimating their share price and paying out over £400 million in fines and compensation to their investors.

Wids, Not quite history yet. He will launch his autobiography book ( Unspeakable ) on the 19th February on a secured book deal reputed to be worth more than £5 million pounds.

" nice work if you can get it "