Lloyds, Natwest and other banks brace for ‘second wave’ of PPI claims
New court rulings could potentially open the floodgates for millions of new claims, which have already cost the UK's banking giants billions in compensation
Company
Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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Lloyds Banking still has value despite weak outlook, says UBS
With 50% upside potential and decent prospects for returning to paying dividends, it is still a buy says the broker.
Lloyds Banking facing near perfect storm of challenges, say analysts
Analysts at Shore Capital, however, encouraged investors to look through this disappointing set of results and “reflect on the strength of the balance sheet and scope for profits to improve materially in future as the economy recovers”
Lloyds Banking plunges to loss after seeing significant deterioration in outlook
To prepare for potential credit losses, the lender hiked its impairment charge to £3.8bn
Lloyds Banking gets upgrade ahead of interims, while NatWest get downgraded
Analysts at Credit Suisse also upgraded Standard Chartered but left their rating unchanged for Barclays
UK bank forecasts too optimistic about interest rates and unemployment effects from coronavirus, warn analysts
Goldman Sachs cut its share price targets for the whole sector and Deutsche Bank flagged the ‘sell’ sign for RBS and HSBC
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Admission only of Pensana Rare Earths (LON:PRE) to the Main Market (standard), which is bringing into production one of the world’s largest and higher grade rare earth projects. Located adjacent to the $1.8 billion refurbished Benguela rail
Lloyds says chief executive to leave in 2021 as new chairman appointed
António Horta-Osório is looking to complete ten years in the CEO role, while Lord Blackwell will be replaced as chairman by Robin Budenberg
Lloyds Banking Group eyes bigger push into wealth management
Wealth and insurance contributed £1.1bn of underlying profit last year, around 15% of the bank's total
Lloyds Banking Group forecasts cut by Jefferies ahead of interim results
“The company has a competitive moat around costs,” the analysts said, but “no moat around revenue”
Banks told to extend support for struggling borrowers by another three months
"The proposals provide an expected minimum level of financial support for consumers who remain in, or enter, temporary financial difficulty due to coronavirus"
Lloyds Banking receives £64mln fine for mortgage failings
“In some cases, customers were treated unfairly, including vulnerable customers.”
Lloyds Banking vows to make up missed dividends to shareholders
The bank also admitted its mistakes over the HBOS Reading branch fraud
Dividends forecast to fall at least 15% in 2020
The government is reportedly looking at preventing companies that have taken loans from paying dividends
Lloyds Banking is top pick as has best prospects post-Covid19 - analyst
Barclays analysts left their share price target unchanged for Lloyds, cut their targets on HSBC and Standard Chartered, and lifted the target for RBS
Lloyds, RBS and Barclays price targets cut as analysts see 'huge subjectivity' on loss provisions
JPMorgan analysts said Barclays was their top pick, followed by RBS
Bad news or good news? Comparing coronavirus impacts on the big five banks
The “good news” is that the UK’s top lenders losses were nowhere near the amount absorbed by their US cousins, one analyst said
Lloyds Banking operations chief delays retirement to help with coronavirus response
Chief operating officer Juan Colombás is a long-time colleague of boss Antonio Horta-Osório
Lloyds Banking profit plummets in anticipation of coronavirus loan hit
Britain’s biggest lender took an impairment charge of £1.4bn
Banks to reveal significant increase in bad debt provisions
Bank shares have been some of the worst blue chip performers this year, with the FTSE bank index down 40% versus a 23% decline for the FTSE 100