that MUPPET m king says 4 more years of bad years .
well let me tell him that 18 months before the next election
cameron will say THE UK IS NOW GREAT AGAIN AND GIVE MONEY AWAY .

All banks are down on the Greek bail out news.

it has very little to do with greece it very bad management at all uk banks .
they are no better than a labour .i am just glad that investors can now see there needs a clear out of these top bankers by name only to be removed .
the list of bad ceo is getting longer
daniels fred diamond hester now the ceo of lloys and loads more

So your judgement of CEO's is more important than default of sovereign debt and that is the reason for the weakness in the banks sp's?

yes . the ceo of companys over the last 10 years are very poor .
they are only interested in a quick profit for them selves and do not give
a sod about the companys they work for .
and they only get the jobs because of closed school jobs .
good people can not get in no matter how good they are it is a closed shop

Merrill Lynch broker note out yesterday:
"In our view, there is a lot of negative speculation around the Lloyds strategy day. People are expecting significant write-downs as the new CEO boosted provisioning in Ireland, UK CRE and UK mortgages. This combined with broader expectations around the sale of Widows, project Verde separation costs and a further restructuring charge have hit the confidence in the book value and sent the shares spiralling to 48p.

In our recent report Back to basics (8 June 2011), we set out our expectations for cost cuts at 1bn and a significant stress test designed to give some confidence in trough book value. The 1bn of cost cuts was consistent with the results from investors polled at the start of June. With 1bn of cost savings we estimate that Lloyds could still generate 9p of EPS by 2013 (8p ex 800 branches), but would be left with a cost income ratio of 47%. If we increase the cost saves to 2bn then this would boost the headline EPS to 10.2p and give a cost income ratio of 42.5%.

In our view investors are generally accepting that the Lloyds franchise is capable of generating an ROE > COE, justifying a multiple above book value. The problem is that at the moment there is no confidence in the book value. If management can stand up at the end of June, not imply big hits to book then the shares should recover quickly to 56p (the 1Q11 T/NAV). If management set out a credible plan to improve returns then (as in 2010) the shares should be capable of justifying a multiple above book value.
With the market underweight and expectations extremely low, we reiterate our stance that people are taking a risk being underweight ahead of the investor day and with the stock trading at 1x our bear case EPS of 48p, we reiterate buy."

merrill must want out then

I can't believe idiots keep throwing money into banks shares - cut your losses for god sakes and run - CASH is King, you'll have more chance buying lottery tickets than buying any bank shares.

Cash is NOT king. 3.75% gross in savings and inflation running at 5%!!! It's depreciating as you watch it.

nord there is so much rubbish written about banks , if you have any vision they are the shares you should be buying now for huge gains down the road.

i did sell lloys when i new who the new ceo was going to be
.glad i did the man is a loser make no mistake .
since these dim wit took over the share as fallen from 68p to 47p

Cash is king, at the moment with Lloyds. Not one to be in.

even the staff are pissed off .
it is not a happy place to be in the branches

The U.K is not a happy place to be - its on its arse because of corrupt politicians raping the economy for years. The people should rise up, revolt and hang every politician in the Country from lamposts for the crows to feed on. We need a Dictator in Power - someone with balls, get rid of Royalty, Corrupt politicians - send all the immigrants from where they came or dig a big pit and shoot and burn the lot of them. Stop donating billions to every corner of the globe and start looking after the people of this Country.

I think they should just randomly place the odd subversive bulletin board poster before a firing squad just to discourage others from following the same path! Or even hanged, drawn and quartered and each segment distributed to the four corners of the Kingdom. There were a few good things about the olden times.....not many, but.....

Harry yes like lunatic assylums.

Oh, how I miss public flogging and hanging, since I left Eton.



8-)

You may mock - but I cant wait to see your faces when the revolution hits the UK. People with money have the most to lose - the peasants have nothing to lose, when they realise they'll revolt - not rocket science is it. The streets will run with blood - not my words Enoch Powell's - so right. Bring it on - rid this Country of its massive immigration problem, Leaches !!!

I agree.

Throw those foreigners out.

Get those Anglo-Saxon back on their boats.

Make the Vikings swim back.

Eviscerate all the Normans.

Give me back my homeland.

Long live little englanders, B the rest of the world, we owe them nothing. We can all live in own little cocoons!

nord . you are correct i drink and go in these places in my area which is well to do
but the young are now starting to fight back no jobs immigrants in all these take aways most illegal you see them after dark walking the streets looking at cars trying the doors go in your bins , well they are going to rebel that is a cert and i can not blame them i am a true tory and i am sick of these companys employing them .
these companys need to think who is buying there product and it is not immigrants
so they are shooting them selves in the foot i would never go in a take away they are filthy places unclean