up - but not a lot

i posted a week ago gertmany want out of euro well it now closer to happening.

the eu is finished lets get out ,

all muslim countrys will join up and we only trade with each other .
it is coming .

Citigroup note out today:
"UK Banking Market is Changing... Virgin Money has acquired Northern Rock from the UKFI for 0.7-1.0bn (0.7-0.9x book), to close in Jan 2012. This is the second large transaction to occur in the new-look UK banking market, post the 2008 crisis, after the RBS branch sale to Santander UK for 1.7bn (1.3x book), which itself is to close by end-2012. We expect this to soon be followed by Verde, the Lloyds branch sale.

Verde Disposal Due By Nov 2013 According to media reports Lloyds is in discussion with two bidders, namely Co-op and NBNK, which are reported to have made offers of approximately 1.5bn. Based on a 15% allocated tier 1 ratio, in line with the Virgin Money combined business target, we estimate that this would be equivalent to a valuation of c0.9x book, broadly in line with the Northern Rock transaction.

Which Should Provide Modest Capital Relief Under our base case we assume implementation costs (c0.8bn post-tax) and a small net loss on disposal (c0.2bn), are offset by a corresponding reduction in RWAs (capital benefit of c1.2bn). On this basis the disposal would therefore result in modest overall capital relief for Lloyds (c0.2bn).

Buy Rating Over the medium-to-long term, Lloyds focus should increasingly shift back towards UK retail banking, which remains highly profitable, helped by Lloyds dominant market share. This does not appear to be reflected in the current share price. However in the near-term we expect the stock to remain highly volatile due to current uncertainties surrounding the management team, ongoing Eurozone concerns and the increasing likelihood of a UK slowdown and subsequent deterioration in asset quality."

Tanker, I am still thinking about your last post earlier.
The muslim countries do not have the infrastructure to trade between each other. They are dependent so much to the wester technology. Iran might have the know how due to sanctions over 20 years, but it cannot be trusted by the rest of muslim countries.

I do not see the muslim countries work together so closely. But, they can include friends into equation. But, who is friend?

See Egyptians are getting ride of the influence of the army, the only friend of west in their system.

the usa and the uk and the un have given the muslims the path there so much wanted now it will cost us very dear in my view.

city are spot on with there figures .and yes lloys are well under valued down to
managements slow decisions

Naive I know but wouldnt it be nice to hear of people working together regardless of beliefs? We send teams out to countries in times of need. We collect for those less fortunate. Our high streets are full of charity shops . Are there any charity shops in the East? Lloyds and their like are suffering from the after effects of sheer greed, most of our ills can be put down to changes in society,ie The arrival of credit cards and easy to get loans,Out of town Super markets causing high st shops to fold as uncompetitive,the associated loss of jobs, the same also contribute to the fuel and road crisis as people need cars to shop.Live now pay later, and I am afraid later has arrived.

lloyds to pay up to 6m to get GEORGE CULMER . well i will say this
HE IS NOT WORTH IT .
he is no better than a lot of employees at the bank already it is time the old fool
bis resigned he is a dam fool.
i have looked at culmers reacord and i do not find anything outstanding
just enough blue eyed boy with the right connections it stinks

These border control agents should have their passports taken away and they must be fined by a military court.

mitz i agree with your post they are only interested in there own lifes and pockets
it is a good job the arm services do not think like them.

back to banks the gov are going to give them access to cheap money to
allow them to borrow to small companys and the gov to take all the risks .
i am going to buy more tomorrow .

"fined by a military court"

Are you talking about UK border control?

If so what planet have you moved to?

UK border control are going on strike on Wednesday they should have their passports confiscated and be fined.

.

I like the idea of a military court, perhaps they could be persuaded to shoot some of the muppets who contribute to these threads?

Before anyone suggests I could be first in line, I've already volunteered to command the firing squad! I'm expecting to be working night and day, hope there's a good pension to reward my efforts :-)

Ok second. lol (joke)

.

most civil servants are lazy people and would never get a post in the private sector
this is fact
kids are leaving school and can not even read properly that is down tomany bad teachers who went in to teaching thinking it was a easy life style .
and we have ended up with crap.the assistants are brighter