* UBS reiterates buy and 107p target for Lloyds Banking Group

why was ED allowed to destoy a first class bank . he stated 12 months ago that prove of the deal would be forth coming well we still have not had any clarification of the progress it is now time to boot out this worthless idiot out

On yesterday's EXPRESS


"Lloyds pressed on toxic-debts deal"

Surely unfair to blame management for the present situation. Any worthwhile take over costs more than one wants to pay but if as good as I beleive this one is, it pays hand over fist. In a year or two if the govt can keep their inept hands out of it Lloyds Group will be a super & hopefully remunative investment.

Were the government inept? I thought the banks lost their money in the market and went begging to the government for handouts.

I am sorry,I see what you mean, the goverment was inept by not allowing the banks to go into bankruptcy, and then buying them up at rubbish tip prices.

Damn,

capitalism in western world is still on brink......unions predict 4 million unemployed and analysts expect double dip recession with banks still knackered

how long before we decide enough is enough and we go communist? capitalism has failed!

marni, you wouldn't be trying to wind them up by any chance???

harry isn't he scotty "resurrected"?

Hmmm......that would explain alot!

Well well, banks are WELL on the UP today

and LLOY 107.75p +3p

wow 700p to 108p very good.

TANKER

re - very good.

If you are the type of investors forgeting to put a stop loss, or not seeying the economy is going down, just blame yourself.

It is very good for me, considering the share price is double of my buying price

likewise bought in at 42p

You have to feel sorry for Tanker if he stupidly bought LLOY at 700p.

no i did not 366000 at avge 75p i amlooking at the pensioners that do not look at markets like myself and invested there cash for divs poor people will be dead before they get a div

Quite right Tanker Not pensioner but did invest for divi, thankfully not at 7 so hopefully will still be around when break even/get divi but I'm sure some much worse of than me!

Further rise today with the market, wonder if it will do a new BREAKOUT today

LLOY 111p is outperforming RBS 56.60p lately and is now close to double on the share price

------------------------------Intraday --------------------------------------------------- 3 month ------------------------

    

E DANIELS is so good he can not even make a decision after twelve months he must go

Thurs, 17th 7pm.
By Myles Neligan
LONDON (Reuters) - Regulators have set tough conditions on Lloyds Banking Group's mooted exit from a government scheme to insure it against credit losses, making its departure less likely, a source familiar with the matter said.

The source said the Financial Services Authority had told Lloyds it must raise more capital than the bank had expected in order to dispense with the protection offered by the scheme.

The capital target is "a number that is higher than they might have expected," the source said.

The Times newspaper earlier reported the sum required is regarded by the FSA, the Treasury and the Bank of England as "unfeasible."

Industry sources said last month that Lloyds was mulling raising fresh capital to reduce its reliance on the so-called asset protection scheme, encouraged by an improved outlook for bad debts.

Lloyds said in March that it would hand 15.6 billion pounds in shares to the government in return for insurance against losses on 260 billion pounds of toxic debt-backed assets, but final details of the program have not been agreed.

Proposed Potential Participation in GAPS (Lloyds)


TIDMLLOY

RNS Number : 2839Z
Lloyds Banking Group PLC
18 September 2009

?



84/09
18 September 2009


LLOYDS BANKING GROUP PROPOSED POTENTIAL PARTICIPATION IN THE GOVERNMENT ASSET
PROTECTION SCHEME
Lloyds Banking Group (Lloyds) notes recent media speculation regarding its
proposed potential participation in the Government Asset Protection Scheme
(GAPS). Lloyds is continuing its discussions with HM Treasury with respect to
its possible participation in GAPS. However, in light of improving economic
conditions and the results of Lloyds' detailed reviews of its loan portfolios
and their expected performance, Lloyds and HM Treasury are discussing possible
changes to the commercial terms on which Lloyds might enter into GAPS from those
announced in March 2009, including the possibility of reducing the amount of
assets covered by the scheme.


Lloyds is also considering possible alternatives to entering into GAPS and is in
discussions with HM Treasury, UK Financial Investments and the Financial
Services Authority in this regard. All possibilities remain open and, as part
of this process, Lloyds is focused on ensuring that any potential alternatives
to GAPS would be in the interests of shareholders and other stakeholders.


A further announcement will be made as soon as practicable.







Lloyds Banking Continues Talks With HM Treasury Over GAP





LONDON -(Dow Jones)- U.K. Bank Lloyds Banking Group PLC (LYG) said Friday it is continuing discussions with HM Treasury with respect to its possible participation in the Government Asset Protection Scheme, or GAPs.

MAIN FACTS:

-Lloyds and HM Treasury are discussing possible changes to the commercial terms on which Lloyds might enter into GAPS from those announced in March, including the possibility of reducing the amount of assets covered by the scheme.

-Lloyds also considering possible alternatives to entering into GAPS and is in discussions with HM Treasury, U.K. Financial Investments and the Financial Services Authority in this regard.

-All possibilities remain open and, as part of this process, Lloyds is focused on ensuring that any potential alternatives to GAPS would be in the interests of shareholders and other stakeholders.