Does anyone think US will default?
I don't think it would. They are just leaving it to the last minute and they will come up with a viable plan as usual.

No they won't, imo. Looks like they may vote in a temporary new ceiling to get them out of trouble and thrash out a deal in the meantime.

RBS has downgraded UK lending giant Lloyds Banking Group from buy to hold, saying that there appears to be a lack of catalysts for the shares in the near-term.

Given what looks to us like an overambitious top-line strategy, a tough economic backdrop, regulatory uncertainty and limited repatriation of capital until 2015, we see little potential for the shares to achieve a sustainable re-rating in the next 12 months, said analyst Asheefa Sarangi and Ian Smillie.

RBS thinks that the full delivery of the Lloyds investment case is unlikely to unfold before 2015, and slashes its earnings forecasts for FY11-13 by 48%, 29% and 29%, respectively.

As such, the broker downgrades its rating and cuts the target price by over 40% to 47p, from 80p previously.

lloyds now has a chap leading this bank who is a complete
loser and all he will do is cut jobs .a monkey could do that
he has no vision why did the likes of cable not say anything
about giving him the job and millions of pounds the gov has no
credibilty.

RBS might be right - but the kettle calling the pot black?

ker you are wrong since the new management at rbs they have done a lot better than lloys by far
lloys has now got a loser in charge and it will take lloys a lot longer to get back to
being a good bank . lloys has ended up with a muppet to lead it and remember the board said DANIELS was doing a great job . THAT SHOULD FILL YOU WITH GREAT FEAR for the future

My name is Kernow. It's a joke. Deja vu ad nauseam.

nav well te vor hy

         JOKE OF THE DAY

re - muppets

Two of them talking to each other above

talking by experience some would say

others is all sour grapes

who is holding?

taxpayers and others not using

stop loss as one should do

       

I do not hold. i have bought and sold loads of times .i feel sorry for the people who
are now old or dead who trusted lloys for divs .it is not nice for them .
and now more of them will die with out seeing any of there money back .
i am a gambler there where not

and to cap it all the bank is now run by dim wits

little story i wanted to move 11k out of my low interest account paying 1.44% the
girl behind the counter at to go and ask the manager if she was allowed to do it
11k of my money a tiny amount i was not amused i only wanted to give it to some one who needed it

Do you need my account details for the transfer...........

Oh good grief. MRSI is back. Ughhhhhhhhh.....how the hell did he get past the scrutineer????

too difficult to squelch?

Lloyds shares fall on doubts over NAB's interest in branches


Symbol Price Change
LLOY.L 43.35 -1.65


Jamie Dunkley, 21:52, Friday 29 July 2011

Shares in Lloyds Banking Group (LSE: LLOY.L - news) fell on fears that National Australia Bank has ruled itself out of the auction to buy 632 of the part-nationalised lender's branches.

Reports in Australia suggested that NAB had decided not to bid for the network due to its 3bn price tag and estimated 20bn funding gap.

NAB had been considered as a front runner to bid for the branches, which Lloyds has been ordered to sell by European regulator for accepting a bail-out during the financial crisis.

One source suggested that NAB could re-kindle its interest if Lloyds dropped its price by a fifth and took action to cut the funding gap.

Lloyds shares retreated 1.65 to 43.35p. The company has admitted it could spin off the branches and list them as a new British bank if the auction of the outlets later this year fails to attract decent bids.

Last weekend, The Sunday Telegraph revealed that just two bidders NBNK and Co-operative Financial Services filed formal bids ahead of the first deadline for the asset disposal programme. Sun Capital has also emerged as a bidder.

Elsewhere, Yorkshire and Coventry building societies ruled itself out of the running to bid for Northern Rock, the nationalised bank put on sale by the government.

A spokesman for Yorkshire said: "While we believe that the remutualisation of Northern Rock is the right thing, at this time this is not the transaction for our current and future members."

Northern Rock was fully nationalised three years ago after collapsing during the financial crisis.

On Friday, the so-called "bad bank" managing the toxic assets of Northern Rock, revealed it had repaid another 1bn of its government loan as first-half underlying profit almost doubled to 496m.

However, Richard Banks, chief executive of UK Asset Resolution, warned pressure would build on borrowers this year due to higher taxes, inflation and job losses.

i have warned you holders the new CEO is a waste of space a complete fool
a loser he knows less than a toilet cleaner . the gov should never allowed him to get the job i feel sorry for the staff having a dimwit at the wheel he has never done anthing look at is past and look .

pensions .i should and say that lloyds bank is telling people that putting money in to a pension fund is a complete waste of time .these same people who have destoyed
this bank are telling and advicing people to invest money in to there pension funds .
a bank that can not even run a bank any one putting good money in a pension
are FOOLS . the only people who willl make money is the board and the fund managers they are taking the piss out of savers in pensions put the money under you pillow you will do better

TANK - Bit harsh on toilet cleaners mate. Never actually met one but would not be surprised to learn that perhaps a few at some stage in their lives may even possess a Degree, or even CSE Engish Language, who knows, on reading your posts may judge you in the same light? :O)