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)

chris . read it again i was saying that the toilet cleaner
would do a better job .
this ceo can only say cut jobs but he is cutting the wrong jobs
get rid of most ofthe board and management is the answer

under 40p soon and still over valued

Stay way clear they are determined to bankrupt the company.

Taxpayer-backed Lloyds Banking Group (LSE: LLOY.L - news) and Royal Bank of Scotland (LSE: RBS.L - news) announce their figures on Thursday and Friday respectively.

Lloyds is expected to report a steep reduction in underlying pre-tax profits of 1bn while profits at RBS are forecast to come in at 610m, a fall of around 19%.

Its a sell..

remember they have had billions off holders and govand still losing money .
this board of directors should be now to ashamed to show there faces

we could see 35p tomorrow a good bet

-anker we all know LLOY will announce a loss after providing 3.5billion for insurance mis-selling like Barclays and others.We are looking for a buying opportunity shortly after the results are announced on thursday.

hal. rbs wil be higher than lloys by next week .
lloys has no management only monkeys running the show it
will be at least 4 more years before a profit and get rid of the gov .

-anker that's your opinion for what its worth!

having spoken to many people the fact is the ceo is ignorant but they no the reason why
he has no answers only cut the staff it is the board he wants to cut they are rubbish

-anker LLOY having been forced into a merger with HBOS to save the UK banks it makes sense to reduce the headcount where there are obvious duplications,cost saving is a function of management.

Tanker, I don't know if you remember vinyl records when the stylus used to get stuck and kept repeating the same piece of music over & over & over & over & over again......just really, really, really annoying.