News
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3 Reasons Why This Gold Correction Could Be The Last Below $2,000
Deliveries of September spot gold have intensified during gold's correction, October deliveries begin September 29 with over 60,000 contracts open, and Registered Comex gold supplies are falling.A second round of lockdowns will crimp the supply of real goods and services and spur the next round of central bank money printing.A no-deal Brexit looks imminent with the passage of the UK Internal Market Bill that overrides the Brexit agreement regarding Northern Ireland.Coupled with a second UK lockdown already in force, some weak bank is going to fall and trigger the next global banking crisis.Gold will continue to fall initially until the next round of money printing begins, at which point it should break through $2,000 for the last time. This could be the last opportunity to buy sound money at these prices.
Seekingalpha · 3d ago
UK watchdog tells banks to improve remote working safeguards
Banks and investment firms have to come up with more "creative solutions" to avoid misconduct as staff work from home due to the coronavirus pandemic, Britain's Financial Conduct Authority said on Thursday. Britain told people to work from home from Thursday if possible as new cases of
Reuters · 3d ago
Britain says has taken robust action to stop dirty money
Britain has taken robust action to crack down on dirty money in recent years, its government said on Monday in response to reports that HSBC, Barclays and other banks moved large sums of allegedly illicit funds despite red flags about the origins of the money. "Criminals should not be able to profit
Reuters · 6d ago
Tracking William Nygren's Harris Associates Portfolio - Q2 2020 Update
Harris Associates 13F portfolio value increased from $36.11B to $41.11B this quarter.They increased Workday while reducing Regeneron Pharmaceuticals.The top three positions are Alphabet, Bank of America, and Charter Communications and they add up to ~16% of the portfolio.
Seekingalpha · 09/17 14:17
Blackstone, Fairfax Invest $500M in Algorithm-driven Insurance Syndicate at Lloyd's of London
-Bloomberg https://www.bloomberg.com/news/articles/2020-09-17/blackstone-is-backing-an-algorithm-that-could-change-insurance?sref=XIUS5d6L
Bloomberg · 09/17 10:39
Lloyds - A Leveraged Bet On The British Housing Market
Lloyds Bank has been through the financial wars in recent years and doesn't seem to be doing all that well right now.The real determinant of the stock price is one's view on the British housing market as a result of the size of the mortgage book.It can thus be used as a leveraged bet upon that view of the housing market.
Seekingalpha · 09/16 16:10
Leeds Permanent Building Society -- Moody's announces completion of a periodic review of ratings of Lloyds Banking Group plc
Moody's · 09/15 19:13
Market Morning: Brexit Bill Anger, Gilead Fights ICER, Big Apple Rots
Brexit Bill Breaking Withdrawal Agreement Advances A new internal market bill submitted to the House of Commons will ostensibly break the previous withdrawal agreement that the United Kingdom signed with what remains of the European Union. The bill gives the UK exclusive sovereignty over the trade status
Market Exclusive · 09/11 12:35
Loyds Banking To Cut 639 Jobs
-Dow Jones
Dow Jones · 09/09 11:55
Lloyds Stopped by CMA From Pursuing Non-Compliance Practices
Britain's competition authority stops Lloyds (LYG) from forcing small business owners to open fee-paying current accounts in order to access loans under government scheme.
Zacks · 09/09 11:48
3 Heavyweight U.K. Stocks Still Trade Near Their March Lows
There has been a lot of hand wringing from investors who missed the massive increase in stocks after the March rally.The reality is that a lot of stocks in the U.K. are trading near their March lows.Here I illustrate by reference to three of the biggest names in the FTSE-100, two of which are currently dividend paying as well as priced near their lows.
Seekingalpha · 09/06 18:49
David Herro Buys Amadeus IT Group, Boosts Lloyds Banking
Guru releases 2nd-quarter portfolio
GuruFocus.com · 09/01 20:30
Shares of several financial companies are trading higher after Russian President Vladimir Putin claimed to have given regulatory approval for a coronavirus vaccine. The Nasdaq index fell as traders rotate out of technology stocks.
Benzinga · 08/11 17:59
Former Fund Leader Fumbles Its Way to Second Best
Bloomberg · 08/07 09:13
The Bank of England Is Playing With Fire
(Bloomberg Opinion) -- The Bank of England risks being in a category of one. On Thursday, in its quarterly monetary policy report, it presented a surprisingly chipper assessment of how it expects the U.K. to recover from the pandemic lockdown.Its relative opti
Bloomberg · 08/07 06:00
Barron’s Daily: TikTok, SpaceX and the Allure of Private Companies
marketwatch.com · 08/03 08:08
Britain's Struggling Banks Show the U.K.'s Economic Weakness
(Bloomberg Opinion) -- The U.K.’s biggest banks have come a long way since the financial crisis, when taxpayers had to rescue them to the tune of tens of billions of pounds. They’re certainly stronger, with comfortable capital buffers, as they head into what c
Bloomberg · 08/03 06:15
Stocks That Fell to 3-Year Lows in the Week of July 31
HSBC Holdings, Lloyds Banking Group, Canon and ORIX Corp present buying opportunities Continue reading...
GuruFocus.com · 08/01 23:14
NatWest tumbles to first half loss on pandemic bad loan charge
NatWest Group plunged into the red in the first half of the year after setting aside a fresh 2.1 billion pound ($2.76 billion) provision against a potential surge in loan losses due to the COVID-19 pandemic. NatWest posted a 770 million pound pretax loss for
Reuters · 07/31 06:00
Lloyds profits wiped out as bank warns about economic outlook
Britain's biggest retail bank sees profits wiped out as it sets aside another £2.4bn for possible bad loans.
BBC · 07/30 17:52
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About LYG
LLOYDS BANKING GROUP plc financial services company, which provides a range of banking and financial services, focused on personal and commercial customers. The Company’s major business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Company’s services are offered through its brands, including Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows. Its Retail segment offers a broad range of financial service products to personal and business banking customers, including current accounts, savings, mortgages, credit cards, unsecured loans, motor finance and leasing solutions. Its Commercial banking segment provides clients with a range of products and services such as lending, transaction banking, working capital management, risk management and debt capital markets services. Insurance and Wealth segment offers insurance, investment and wealth management products and services.
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