.

one less lunatic less .now for iran to fall. which is coming

Syria next.

People in Iran don't like another revolution. They had enough of the last one and damage to infrastructure, etc. I think a smooth/gradual change will happen there.

Syria, yes, rapid fall.

ahoj. my feed back from friends says the freedom in lib is
giving them courage to fight

Lloyds falling back now.

once it was the most respected bank in the world, now being killed by people like Gaddafi!

next monday starts the new world the EU will move forward and so will the markets.
buy stocks this week or you will pay more for them all stocks will rise there are billions waiting to be invested.

the uk to put a few billions in to eu rescue plans

TANKER, I applaud your confidence in the EU leaders sorting things out, I hope you are right. I on the other hand have my doubts that they have the expertise, or the people the will to do so. You're quite right there are billions waiting on the sidelines.
2517

a few months ago i posted that lloys would not sell the branches
but would float them well it will now happen .good for investors .

RNS Number : 7723Q

Lloyds Banking Group PLC

25 October 2011

25 October 2011

NEW allocation METHODOLOGIES for funding costs AND CAPITAL

As part of the alignment of the business decision making framework with our strategic objectives, the Group is enhancing its allocation methodologies for funding costs and capital.

As has been discussed at recent results announcements, our funding transfer pricing arrangements did not result in full recovery of the costs of our successful term wholesale funding programme from divisions and certain costs have therefore been reported in Central items. To address this, we are now implementing a new approach that ensures that the full cost of funding is reflected in each of our division's results. At the same time, we have refined the methodology used to allocate the costs and benefits of capital across the Group. In addition, banking volatility will now be excluded from the margin calculations and the average interest-earning assets have been adjusted to amend the treatment of offset accounts. As a result average interest-earning assets have decreased slightly. Together these changes will help drive enhanced commercial behaviours within our business units and ensure that our divisions' reported results better reflect their underlying performance.

The Group's combined businesses and statutory results are unchanged as a result of the new transfer pricing methodologies. However, the new arrangements will affect the divisional results and the core/non-core analysis and will also result in a modest transfer of interest expense from banking to non-banking activities.

The new methodology is designed to ensure that funding costs are allocated to the divisions and that the allocation is more directly related to the size and behavioural duration of asset portfolios, with a similar approach applied to recognise the value to the business from the Group's growing deposit base. Although overall Group net interest income (NII) is unchanged, this reallocation has changed the NII mix with a modest increase in banking NII and a commensurate reduction in non-banking NII.

As a result of these changes, the Group banking net interest margin for the three consecutive six month periods ended 30 June 2010, 31 December 2010 and 30 June 2011 has increased by 12bps, 10bps and 5bps respectively and is now reported as 2.20 per cent, 2.22 per cent and 2.12 per cent respectively. The underlying drivers of the margin trend are unchanged from those previously shared with the market. The adjustment for the six months ended 30 June 2011 is smaller than other periods because there was minimal net banking volatility in that period within NII. All other things being equal, guidance on Group banking net interest margin is adjusted by a similar level to the first half of 2011 movement (5bps) and as a result we now expect Group banking net interest margin to be just above 2.05 per cent for the full year 2011.

The reallocation will also result in a change to NII and margins for the four banking divisions, with consequent effects on their profits or losses before tax. The core/non-core split will also change as any interest previously unallocated and reported in Central items was treated as core and will now be appropriately split between core and non-core activities.

The revised approaches for funding costs and capital reallocation will be applied going forward and to ensure comparability with previous periods we have restated our divisional results for the half-years to 30 June 2010, 31 December 2010 and 30 June 2011 and also for the full-year to 31 December 2010. The restated results, along with the revised core/non-core split, are contained within the attached appendices.

M KING will go down in history has the biggest fool that ever run the boe
the man is a muppet.

skin i am watching the treasury select committee .
king is a fool he has destoyed the will to save and it will
destoy the uk in a few years time .
is job is to control inflation which he has not ,
he is not elected to run the country which he things he is,
he should resign

"Credit Suisse has cut its target price for British bank Lloyds by 22.5% ahead of the firms third quarter statement due on 8th November.

The Swiss broker has increased its 2011 underlying loss per share expectations from 0.3p to 0.6p. Also, underlying earnings per share estimates have been cut from 3.5p to just 0.4p for next year and from 5p to 2.4p for the year after, pushing back earnings recovery and reflecting structurally higher funding costs. As such, the target price comes down from 40p to 31p.

Credit Suisse kept hold of its neutral recommendation."

Harry CS must be big time shorters of LLOY!

Apparently they have some recent unexpected losses to make up :-)

Could test 30p .

.