the CEO to say it will take at least enough 4 years to turn the bank around .and no div for a while

Triggered sell at 0.36263, so out for the mo, though still have stock in ISA at 61p! Might have to wait awhile for that to come good!!

are the press putting out bad news on rbs and lloys for big investors

will we hear news of the sale of 600 branches soon?

this bank is taking the piss out of holders 1.5m to be taken back
it as cost the bank 3.5b taking the piss about sums up the board
i will say again the CHAIRMAN stated that DANIELS DIS A GREAT JOB
well is insane lunatic is still chairman

The German finance ministry is actively pushing for Greece to declare itself bankrupt and to agree a "haircut" on the bulk of its debts held by banks, a move that would be classed as a default by financial markets

off subject CAMERON got our votes on LIES
i am now ashamed that i was taken in by lies
but he as done one thing the tory party as lost our
votes and i am a right winger vote UKIP

The first thing to say about Lloyds Banking Group (LSE: LLOY.L - news) 's clawback is that it's not a clawback.

The new, post crisis, clawback rules hitting directors' pay when things turn out to have gone wrong have not been invoked.

Instead, the bank has made an "adjustment" to directors' bonuses, which sets an interesting precedent in itself. But making use of the shiny new clawback rules would have proved too much of a legal minefield and opened Lloyds to challenge. This begs the question of whether we'll ever see the new clawback rules become more than just idle red tape. I fear not.

Anyway, the Lloyds statement makes it plain that the directors affected were having bonuses adjusted entirely on the principle of "accountability" and in no way on "culpability" or "wrongdoing". It was actually done on the grounds of "politics" but this line was missing from Monday's statement. Lloyds is 41pc owned by the Government, don't forget.

Lloyds' version of the blame game is, however, consistent with the questionable legal status of the Financial Services Authority's (FSA) regulation of payment protection insurance (PPI). The

so what LLOY is owned by us tax payers

hal. when did the tax payers own anything .
answer when it is broke and needs money
then when it in profit they pay bonus to the liars and
thiefs running it .

Are you still holding on skinny? Struggling to get beyond the 36p level atm.

Yes - for better or worse atm.

lloys have put out the info about bonuses to cover up the very bad news about to come out more W/D i expect

We should consider that some of the financial services that Lloyds provide is unique. And there is little competition around the world.

The company is undervalued by miles...

The cut in bonuses help other directors act more decisively and look after the business more carefully.. The results isn longer term is 100s of million pound rather than the £1M.

1p down today!

We are all well aware that the banking system is a mess hence shares at .36p. My view for what it is worth is that as a long term investment there has never been a better time to buy in. There are probably clever pundits out there who know better but that is my view.

Prefs moving up. Does the market think the pref dividends are about to be restored?

I thought they had been? Preference Shares

Most have had a good run of late in anticipation.
LLPE LLPC

I hope they do not restore dividend so soon.
they should invest while everything is cheap. imo

Thanks for the link Skinny. I think it says, in essence, that there is no longer a ban on paying the dividends but not that they are necessarily going to restore them. LLPE yield is now 8.4 pc - if it's paid. Should have bought a week ago when it was nearer 10 per cent!