01 апреля, 01:30

UK banks agree to scrap £8bn dividends amid recession fears

Lenders asked to scrap cash bonuses for 2020 in order to help ease the impact of financial turbulenceBritain’s largest banks have agreed to scrap nearly £8bn worth of dividends in light of the coronavirus crisis, giving banks an additional cushion to weather an economic downturn.The Bank of England has also ordered lenders to cancel plans for cash bonuses for executives, as it asked financial institutions to boost their strength ahead of a likely recession. Continue reading...

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29 марта, 10:00

Which companies are coming through during the coronavirus crisis?

Some firms have stepped up to support employees, key workers and the NHS – but others have fallen well shortCoronavirus – latest updatesSee all our coronavirus coverageThe dramatic effect of the coronavirus on the British economy has posed serious challenges for the country’s companies and their employees. Some have been applauded for their actions – making donations to health workers, for instance – while others have quickly fallen foul of politicians, the public and their own workers. Here is a list of those who deserve plaudits and brickbats so far. Continue reading...

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26 марта, 09:00

How UK banks are offering coronavirus support to customers

Lenders to overhaul overdrafts and mortgage repayments to ease financial falloutCoronavirus – latest updatesSee all our coronavirus coverage Britain’s banks have been rushing out measures to help people who face getting into financial difficulty as a result of coronavirus.Some lenders have announced changes to assist customers who may need to use their overdraft to tide them over, such as free borrowing for a period or a much bigger interest-free buffer. Continue reading...

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26 февраля, 16:51

Lloyds, Virgin Money and Direct Line to cut 2,000 jobs

Lloyds and Direct Line say growth in online banking means footfall in branches is decliningMore than 2,000 jobs are to be axed at Lloyds Banking Group, Virgin Money and Direct Line Insurance in the latest spate of job losses to hit the financial sector. Lloyds said it was cutting about 780 roles across its branch network, which represents almost one in 16 of its branch-based workforce, according to the staff union Accord. In total, Lloyds employs about 70,000 staff. Continue reading...

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20 февраля, 11:18

Lloyds bank boss takes 28% pay cut after annual profits fall

António Horta-Osório’s package down to £4.7m as group hit by £2.5bn PPI chargeAntónio Horta-Osório, formerly Britain’s best-paid banking boss, has taken a 28% cut to his £6.5m pay package as Lloyds Banking Group reported a sharp fall in profits last year.The group was hit by an additional £2.5bn bill for payment protection insurance, sending pre-tax profit for 2019 down by more than a quarter to £4.4bn. That compared with £6bn a year earlier, but was ahead of the £3bn expected by analysts. Continue reading...

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09 февраля, 17:18

One-third of Lloyds bank staff are struggling financially, survey reveals

Union poll contrasts situation of many low-paid staff with chief executive who took home £6.3m in 2018Nearly a third of Lloyds Bank workers say they are struggling financially, according to a poll that has highlighted the disparity between the bank’s worst-paid staff and its chief executive, who earned £6.3m in 2018.In a confidential union pay survey seen by the Guardian, nearly 50% of respondents said they feared losing their job. Lloyds is pushing ahead with a major reorganisation that has meant cutting more than 11,000 roles since 2018. Continue reading...

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29 января, 21:23

Lloyds group to close 56 more branches across UK this year

Bank to shut 31 Lloyds, 10 Halifax and 15 Bank of Scotland outlets, blaming reduced usage Lloyds Banking Group is closing 56 more branches this year, blaming “changing customer behaviour” for the decision.The group will shut 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches between April and October this year. Continue reading...

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22 января, 20:40

Lloyds, Halifax and Bank of Scotland to charge overdraft rate of up to 49.9%

Rate is highest announced to date, as group responds to City watchdog ban on excessive feesMillions of Lloyds, Halifax and Bank of Scotland customers will be charged overdraft interest rates of up to 49.9% from April and those with a poor credit history are likely to pay the most.Lloyds Banking Group – which owns all three brands and has 22 million current account customers – is the biggest bank so far to overhaul its overdraft costs in response to a ban on excessive fees demanded last year by the City regulator. Continue reading...

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22 января, 20:40

Lloyds, Halifax and Bank of Scotland to charge overdraft rate of up to 49.9%

Rate is highest announced to date, as group responds to City watchdog ban on excessive feesMillions of Lloyds, Halifax and Bank of Scotland customers will be charged overdraft interest rates of up to 49.9% from April and those with a poor credit history are likely to pay the most.Lloyds Banking Group – which owns all three brands and has 22 million current account customers – is the biggest bank so far to overhaul its overdraft costs in response to a ban on excessive fees demanded last year by the City regulator. Continue reading...

16 декабря 2019, 20:36

Major UK lenders all pass Bank of England stress tests

Banks warned they would have to cut bonuses and dividends to weather a financial crisisUK lenders are strong enough to withstand deep recessions at home and abroad but would struggle to stay afloat without slashing staff bonuses and shareholder payouts, the Bank of England has warned. The central bank also announced it was increasing capital requirements for banks by doubling the size of the so-called countercyclical capital buffer from 1% of risky assets to 2%. The move increases the size of the rainy day fund that would help lenders absorb up to £23bn of losses that might otherwise force the banks to restrict lending. Continue reading...

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10 декабря 2019, 15:33

Lloyds to reopen compensation claims for Reading fraud

Independent review finds bank’s £100m-plus scheme was ‘neither fair nor reasonable’Lloyds will reopen compensation claims for victims of the HBOS branch fraud in Reading after an independent review found the original scheme was “neither fair nor reasonable”.The decision is an embarrassing U-turn for Lloyds, which closed its £100m-plus compensation scheme in the spring and has been trying to draw a line under one of Britain’s biggest banking scandals. Continue reading...

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27 ноября 2019, 16:27

Lloyds plan to cut chief executive's pay by £220,000

Banking group could spend £20m to raise retirement benefits for rest of staffLloyds Banking Group is proposing to slash its chief executive’s pay by £220,000 and spend £20m to raise retirement benefits for the rest of staff – only months after defending the boss’s bumper renumeration package.The bank is consulting shareholders over plans to cut António Horta-Osório’s pension package, which earlier this year was worth nearly half of his £1.3m base salary before being trimmed to 33%. That compared with 13% offered to the rest of staff. Continue reading...

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15 ноября 2019, 18:47

Lloyds shareholders lose legal fight over HBOS takeover

Judge found failures by Lloyds to provide information before takeover but these were not ‘causative of any loss’Thousands of shareholders in Lloyds Banking Group have lost a multimillion pound legal battle against the bank over its takeover of HBOS at the height of the global financial crisis.A high court judge in London dismissed claims that Lloyds executives had misled shareholders in recommending the 2008 takeover of HBOS, as well as not disclosing that HBOS had received emergency funding from the Bank of England ahead of the merger. Continue reading...

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31 октября 2019, 22:41

Labour won't win economic credibility by attacking easy targets | Nils Pratley

Corbyn could try developing a more sustainable model of capitalism rather than knocking Murdoch et alIt’s the knockabout stage of the general election campaign, so there’s no real harm in the leader of the Labour party summoning a few business villains for the crowd to boo. But let’s hope the manifesto will offer a more nuanced analysis of business in the UK. If business, in all its variety, ends up in the wrong half of Jeremy Corbyn’s “Whose side are you on?” divide, the bogeyman approach will become tedious.The Duke of Westminster, Mike Ashley, Jim Ratcliffe, Rupert Murdoch and Crispin Odey may deserve a few verbal jabs, but it was impossible to tell from Corbyn’s speech whether he was proposing policies that would tame their alleged sins or was simply naming a few rich individuals he dislikes. Continue reading...

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31 октября 2019, 10:54

Last-minute PPI claims slash Lloyds bank profits

Surge of mis-selling claims before August deadline cuts quarterly profit from £1.8bn to £50mLloyds Banking Group has put aside a further £1.8bn to cover a surge in payment protection insurance (PPI) complaints before the August claims deadline, which nearly wiped out its quarterly profit.Including the PPI charge, the bank’s profit before tax slumped to £50m for the three months to 30 September, from a profit of £1.8bn in the third quarter last year. The result was weaker than expected. Continue reading...

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27 октября 2019, 03:59

Lloyds to have last word on scale of PPI scandal

We find out the final mis-selling bill when the banks report this week, with the black horse bringing up the rearMore than £50bn – that’s what the PPI scandal has cost Britain’s banks. How much more will become clearer this week when Lloyds, the biggest seller of the dud product, winds up the banks’ trading statement season on Thursday.PPI – short for payment protection insurance – is the biggest rip-off in British banking history. The bill so far for repaying customers and handling claims is as much as £53.3bn – more than five times the cost of the London Olympics – according to the New City Agenda thinktank. Continue reading...

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09 сентября 2019, 21:14

Banks have only themselves to blame for PPI reckoning

Some bankers may have thought that PPI products were justified, but it was a scamWhat a suitably embarrassing end to Lloyds Banking Group’s misadventure in mis-selling PPI, or payment protection insurance. For the umpteenth time, the bank’s estimate of the cleanup bill has collided with reality and come up short.A rush of claims by punters, ahead of the August deadline, has forced a £1.2bn-£1.8bn increase in Lloyds’ provisions, taking the total to roughly £22bn. For the entire UK banking industry, the eventual tally now seems likely to land above £50bn, an astonishing sum. For good measure, the regulator’s odd Arnold Schwarzenegger adverts have helped to terminate the last £600m chunk of Lloyds’ £1.75bn share buy-back programme, the one the board was so proud of. Continue reading...

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09 сентября 2019, 10:10

PPI claims: Lloyds and Barclays face billions of pounds in extra charges

Banks underestimated number of last-minute complaints they would receive before deadlineLloyds Banking Group and Barclays have warned they will take billions of pounds in extra charges to cover a last-minute surge in claims relating to mis-sold payment protection insurance (PPI).The lenders said they underestimated the number of complaints they would receive in the run-up to the 29 August deadline and will increase provisions following a spike in claims before the cut-off. Lloyds expects to take another PPI charge of between £1.2bn and £1.8bn in the third quarter, while Barclays expects to put aside between £1.2bn and £1.6bn. Continue reading...

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02 сентября 2019, 02:01

Millennials most likely to fall prey to bank fraud, Lloyds reveals

New figures also show over-55s lose the most money per scam on averageMillennials are falling victim to scams involving handing money to fraudsters more than any other age group, according to Lloyds Bank.New data shows that victims aged 18 to 34 are losing an average of £2,630 to frauds, which typically involve scammers impersonating banking staff, the police or HM Revenue and Customs. Continue reading...

01 сентября 2016, 07:54

Зомби банки

Современные банки используют невероятное множество приемов для сокрытия реальных финансовых результатов, манипулируя отчетностью, перераспределяя убыточные позиции через различные дочерние подразделения или выводя их в момент отчетности через производные финансовые инструменты. Даже находясь в чудовищных убытках, превышающие способность банка эти убытки обслуживать, сам банк может демонстрировать, что все отлично. Уже проходили в 2006-2008 и знаем.Оценить реальное состояние крупных финансовых структур через публичную отчетность технически и даже теоретически невозможно. Даже регулирующие структуры с высоким уровнем доступа могут быть введены в заблуждение умелой манипуляцией и подтасовкой информации. Сама по себе чистая прибыль априори является бумажным показателем и далеко не всегда коррелирует с денежными потоками и способностью обслуживать действующие обязательства.Это больше демонстрирует тенденции, чем реальную устойчивость. Однако, есть ориентиры, которые могут идентифицировать предел устойчивости – последовательность убытков, величина убытков от общих активов, от действующей выручки и что главное – от капитала.Красная черта – 3 квартала подряд убытков, около 0.5% убытков от активов в год, 15% от капитала и 20% от выручки. У этой границы, как правило, требуется принудительная реструктуризация активов, неизбежная санация и перестройка системы управления банком.На этот раз небольшой обзор крупнейших банков Западной Европы.Данные по чистой прибыли за год. Квартальная выборка не позволяет вычленить столь продолжительные ряды, а во-вторых, периодичность публикации результатов различна – кто то в квартал, но многие за пол года. Поэтому для полной картины – за год и поэтому только по 2015. Банки Греции, Португалии, Кипра и Ирландии в обзор не попали в виду своей ничтожности в объеме всех активов банков Западной Европы. Данные по ING в сопоставимом виде не получены.Собственно, в состоянии зомби пребывают, как минимум 4 финансовые структуры - Royal Bank of Scotland Group (этот особенно плохо, никто в мире так ужасно не выступает, как RBS - там форменная катастрофа), Barclays, Lloyds Banking Group и Unicredit. В тяжёлом состоянии Deutsche Bank и испанские банки. Английские банки держатся исключительно за счет хороших связей с ФРС, ЕЦБ и с Банком Англии. Убери нерыночные механизмы поддержки и все ... банкроты.В устойчивом положении HSBC, BNP Paribas, Nordea, DNB, Svenska Handelsbanken и Swedbank, т.е. в основном скандинавские банки.Пока не затрагиваю причины такого положения – это потом, т.к. у каждого своя специфика. Однако те, кто в наиболее тяжелом положении – такое состояние обеспечили преимущественно за счет рынка активов, а не кредитного портфеля. В будущем я рассмотрю более подробно банки, т.к. в условиях революционных сдвигов в денежном рынке (отрицательные ставки) весьма интересно проследить за динамикой операционных показателей и изменения баланса.Но пока совершенно точно можно сказать, что американские банки в сравнении с европейскими более устойчивы.

16 ноября 2012, 19:46

Банки британцам деньги не вернут

http://ru.euronews.com/ Миллиарды, потраченные правительством Великобритании на спасение банков, вероятно, никогда не вернуться к налогоплательщикам. К такому выводу пришла комиссия британского парламента по расследования деятельности властей во время кризиса 2008 года. Только национализация тонущих крупных банков Lloyds и RBS обошлась казне в 82 млрд. в перечете на евро. Так же комиссия во главе с Маргарет Ходж выявила грубые ошибки правительства при спасении самого первого рухнувшего банка -Northern Rock. Ñ�оциальные Ñ�ети : YouTube: http://bit.ly/zqVL10 Facebook: http://www.facebook.com/euronewsru Twitter: http://twitter.com/euronewsru