Can Lloyds keep the branches?
Computer system incompatibility is an important issue and even if FSA accept changes, Lloyds customers will move their accounts to other Lloyds branches. IMO

its about time these people with mortgages paid to borrow my money it is still to cheap rates should be over 6 percent they have been bailed out by savers for to long

Credit Suisse note:
"Following the full year results we have updated our estimates. We think that management are starting to restructure the business into a smaller more profitable unit, which we view positively, although we also think that consensus is still too high and there is a lot of work to be done. We now expect EPS of 1.1p in 2012E, 1.7p in 2013E and 4.0p in 2014E with a 35p target price (old 33p).
Net interest margin of c.200bps expected in 2014E – compared to guidance of 220-235bps. We estimate 192bps NIM for 2012E, which is in line with the new guidance given with the FY results. Whilst we see the upward re-pricing of the SVR as a positive, we see this as more of a necessity in getting to the guidance already given rather than an incremental positive – as such we would caution against reading too much into this. Assuming no liability, cost or substitution offset this is worth c.£200mn to the bottom line. Further, whilst the group took a larger than expected €14.6bn of ECB funding in the second tranche of the 3yr LTRO, we see this having a limited impact, given the scale of group funding needs.
Project Verde still unclear, risk of a more expensive solution – the most recent press commentary (Telegraph) suggests that FSA may require the Co-op group to hold more capital and restructure the business in order to purchase the branches. If the transaction does not proceed in its current state, we think that Lloyds may have to find a less optimal solution for the Verde assets, incurring additional cost. We have a £500mn loss on disposal in our numbers, in addition to £1bn of associated restructuring costs.
More positively, we think that management are beginning to reshape the group – whilst it will take time, we believe the management are starting to get to grips with the business and make the group more ‘Lloyds-like’, slowly deleveraging the assets acquired with the HBOS transaction. At 0.6x 13E TNAV for a 5% RoTE in 13E and 7% in 14E, the stock remains Neutral."

CO-OP GROUP DELAYED IN BID FOR LLOYDS BRANCHES

The Co-operative Group's [CWSGR.UL] attempt to buy 630 branches from Lloyds Banking Group has been delayed as the mutual comes under pressure to overhaul its board, which includes a Methodist minister, a plasterer and a nurse.

Any reason for the fall in share price?
Are they liable or lost as a result of Greek Bond deal?

Sunday papers had a big article concerning the possible mis-selling of loans & financial products (interest rate derivatives) to small businesses by the banks, so may be yet another chunk of money to be set aside for return to SME's.

thank you. But many of the companies could be subject to providing misleading information to banks too.
there is no clear cut, and would take very long to prove, if possible at all, and cost the companies much more than they could possibly gain. So, ignore it.

more job loses

the obvious solution to the problems LLOY and RBS may have is to re-float Bank of Scotland, TSB, Halifax and Natwest, this would sort out their balance sheets and satisfy the regulatory authorities vis a vis competition.

sp heading for 40p

November high breached today @37.38.

Are you still holding skinny? Hoping for the magical 40p?

Yes for my sins Harry.

Next stop 50p, IMO

110p for my break even...whats's he odds on that coming along soon..maybe I sinned too much in my youth.
By the way it could have been worse, I traded out of a much worse position along the way :-/

Decided to get back in, looking for 40 to 44p. H.

RNS Number : 7442Z

Lloyds Banking Group PLC

21 March 2012

21 March 2012

ALLOTMENT AND ISSUE OF NEW ORDINARY SHARES

Further to the 2011 Results News Release published on 24 February 2012, Lloyds Banking Group plc (the "Company") now announces the allotment and issue of 479,297,215 new ordinary shares (the "New Ordinary Shares") of the Company at a subscription price of 35.468597530 pence per New Ordinary Share.

Based on this subscription price, the gross proceeds of the issue are GBP 170 million. The New Ordinary Shares being issued represent an increase of approximately 0.7 per cent. in the Company's current issued ordinary share capital.

The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company.

Application has been made for the New Ordinary Shares to be admitted to the Official List of the Financial Services Authority and to be admitted to trading by the London Stock Exchange plc on its main market for listed securities (together, "Admission"). Admission is expected to take place, settlement to occur and dealing in the New Ordinary Shares to commence at 8.00 a.m. on 23 March 2012.

Following the share issue referred to above, the total number of shares issued by Lloyds Banking Group plc with rights to vote which are exercisable in all circumstances at general meetings will be 69,431,144,289 ordinary shares of 10 pence each, which includes shares represented by American Depositary Receipts. No shares are held in treasury.

The above figure may be used by shareholders as the "denominator" for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, Lloyds Banking Group plc under the Financial Services Authority's disclosure and transparency rules.

more dilution soon be 70b shares when are they going to have the SHARE CONSOLIDATION it is coming i think it will be jan next year 1FOR 4

Zac Mir Pro TAer tips LLOYS......

http://sharecrazy.com/beta/Tips/6819/blue-chips-special

I have posted many times the CEO is useless and now as YES people all around him
very bad news for holders the man is a dimwit and a total loser he will leave next year .