Hi Kimoldfield,

Thank you very much for your reply (post No: 1768), much appreciated, all the best for the New Year.

Edward

Will we see 60p this week??

Might do balers.

Good start to the week although not much direction on the market today with the Yanks being on hols.

LYG UP OVER 3%

70P NEXT RESISTANCE

we're mid week and hasn't made 60p yet...

Maestro,

Which way are they going now?

now then fred.....

Tories back Obama's bank limit plans


Mr Osborne said the Conservatives would follow the US lead.

Shadow chancellor George Osborne has told the BBC that if the Conservatives win the general election they will copy US plans to limit the size of banks. Under the proposals outlined by President Barack Obama, US retail banks will face curbs on their riskier activities.

This could lead to the largest US banks being broken up.

The Treasury said it would consider President Obama's comments on bank reform "very carefully".

BBC business editor Robert Peston said Mr Osborne's comments would "generate profound fear in the boardrooms of Barclays and Royal Bank of Scotland".

Shares in both banks fell sharply on Tuesday, with Royal Bank of Scotland losing 7% - the biggest decline on the UK's main FTSE 100 share index. Barclays lost 5.9%.

Under President Obama's proposals, retail banks would be banned from using their own money in risky financial transactions.

This would prevent them from investing in hedge and private equity funds, or engaging in so-called proprietary trading.

"This is a welcome move by President Obama that accords very much with our thinking," said Mr Osborne.

"I have said consistently that we should look at separating retail banking from activities like large scale propriety trading - and that this was best done internationally."

I await the Tory administration with ?

Osborne's economic insight is the flash of a "genie".

We will be safe in his hands with unemployment at 20% and interest rate at 15 %..
















Thank god genies don't exist.

I can see 60pit was the change from my baguette

Tabs, Lend us 30p.

8-)

Maybe, I will give you a LLoy sshare in exchange.

i

Seems that RBS & BARC have great exposure to the U.S. banking market. LLOY doesn't & therefore shouldn't suffer too much from the Obama proposed legislation.

Another MRSI success story?

Obama's politically motivated rhetoric will over time come to haunt him, he is attacking jobs and tax receipts...... what planet does he live on?

Osborne supports Obama's moves.

Should win the tories a few votes.


I wonder what the city will think of that,

Fix UK Banks like Obama would like to fix his....It would assist him, provide some amunition and who cares if Bankers get a Bonus?
So, - - - Good idea, otherwise US barrowboys (that's costermonger to you) will jet over here and sow the seeds of an even Grander Bailout within the next Decade, or two. =Very costly to Britain plc.

Also,
We could do with some old-fashioned RETRIBUTION against those that plotted their own success at the expense of ordinary taxpayers . . . and the lunatics that designed a large hole below the water-line in Good-Ship LLOY, (while she was tied up to weather the global storm, safe and sound earning her investors a decent return.).
Now look at her.... Listed at a curious angle!
First Step is RBS, IMHO, then NRK

Grr.

Perhaps others can suggest who and what . . . eh?

Broker note from Nomura this morning:
"We are resuming coverage of Lloyds Banking Group with a Reduce recommendation and a 53p price target. This assumes a multiple of 6.7x estimated normalized EPS. At near 7x normalized EPS, we estimate Lloyds is trading in line with the pan-European bank sector average on this basis.
We would argue this is unattractive for a group concentrated in the UK, where we believe medium growth prospects are likely to be weaker than average across Europe. We are cautious that revenue will grow over the medium term."