Panic over, hopefully will continue its long term journey northwards.

Or a dead cat bounce.....suckers rally!

barclays 2018 will it be half the size it was, informed one out there please reply BB s/p 28..6..16 136p

Be careful of the stray Cat's the Chinese are making a good meal out of them

Banks - All on the up but LLOY the best
LLOY 54.02p +2.87p +5.62%
RBS 179.55p +5.25p +3.04%
BARC 130.60p +3.40p +2.71%
BNC 281.00p +5.50p +2.27%

More to come tomorrow? well the CEO was buying large 100K today and paying high 54.20p........

Director Deals - Lloyds Banking Group PLC ORD (LLOY)

António Horta-Osório, Chief Executive Officer, bought 100,000 shares in the company on the 28th June 2016 at a price of 54.20p. The Director now holds 9,487,681 shares.

LYG 3.07 +10.43%
strong finish on NYSE

LONDON, June 28 (Reuters) - Lloyds Banking Group Chief Executive Antonio Horta Osorio wrote to the bank's 75,000-strong workforce on Tuesday to give reassurances on strategy and group strength in the face of Britain's vote to leave the European Union, a memo seen by Reuters showed.

Britain's biggest mortgage lender saw its shares tumble in the two days following the referendum result but Horta-Osorio said Lloyds had "robust plans in place for either outcome"

LONDON, June 28 (Reuters) - Lloyds Banking Group Chief Executive Antonio Horta Osorio wrote to the bank's 75,000-strong workforce on Tuesday to give reassurances on strategy and group strength in the face of Britain's vote to leave the European Union, a memo seen by Reuters showed.

Britain's biggest mortgage lender saw its shares tumble in the two days following the referendum result but Horta-Osorio said Lloyds had "robust plans in place for either outcome"

lloyds-ceo-reassures-staff-bank's

LLOY is slipping off again, can't hold on to its gain... I can't see much in these 'robust plans' when the whole EU is against us now.

The Bank of England is said to be planning cuts to bank’s capital requirements as early as next week.
According to sources cited by Bloomberg, the central bank’s Financial Policy Committee is looking to reverse a decision taken in March to raise the counter-cyclical capital buffer for UK exposures to 0.5% of risk-weighted assets from zero to help lenders withstand the fallout from the vote to leave the European Union.
That increase, which was meant to become binding from 29 March 2017, was designed to guard against the cycle of banks boosting lending in good times and slashing credit in a downturn.
It was understood that Tuesday’s FPC meeting was dominated by discussions about the stability implications of Brexit. Officials are due to release a statement alongside their bi-annual Financial Stability Report on 5 July, while Bank of England governor Mark Carney will host a press conference that day.
On Thursday, Carney said the FPC will “take any further actions it deems appropriate to support financial stability”.
He suggested the central bank would implement further interest rate cuts over the summer to support the economy after the Brexit vote, noting that the economic outlook had deteriorated.
"The Committee will make an initial assessment on 14 July, and a full assessment complete with a new forecast will follow in the August Inflation Report," Carney said.
"In August, we will also discuss further the range of instruments at our disposal.”

54.56p

Has LLOY finally decided to move forward once more after the last couple days of profit taking?

Still going down ,when to buy ?

jimmy b - As to when to buy, I think it depends how you view the current state of play and how balanced your total potfolio is imo. Pre-Brexit - if you were 80% Cash and Zero in the Banking sector you might consider spreading a little of that cash between the stronger Banks rather than gambling on total wipe-out imo.

Much of the problem has been caused by The Bank of England making statements that were damaging - Carney should go when a new PM is appointed.

I agree and yes i wish Carney would stop talking the economy down but then like Osbourne i guess he has to ,he wouldn't want it to be all ok now would he .

The entıre European Bankıng sector ıs a mess. Lloyds a decent bank pre crash turned ınto a basket case by takıng on HBOS. Bail out mark 2 comıng wıth zero ınterest rates. Just my gut feeling the past few years have just been a temporary ceasefıre.

Hope I wrong though.

Why lie when the economy is going downhill? Carney is right to be truthful.

hlyeo you are obviously gutted that we didn't remain in the EU ,however it's early days to say the economy is going downhill some countries are lining up to do trade deals with the UK ,i think it's about time Carney and all stopped talking Britain down ,these people don't like being wrong .Lets see what happens .

A little relief today in this sector and one that presented good trading opportunities.
Carney like many heading major organizations talk without full understanding of the changes being sought by the voters, who clearly are willing to accept a rough ride because of the manipulation and money making, power grabbing interests.

UK banks spared downgrades by S&P in mass outlook cull
Thu, 7th Jul 2016 15:04

LONDON, July 7 (Reuters) - Standard & Poor's carried out a mass-cull of British bank rating outlooks on Thursday in the wake of the country's vote to end its membership of the European Union, but stopped short of downgrading them despite its brutal cut of Britain's sovereign rating.

The country's big institutions including HSBC Barclays, Lloyds and well as the UK arms of banks like Santander all saw their rating outlooks cut to negative from stable, while RBS dropped to stable from positive.

The decision not to deliver full downgrades is likely to be of some relief. S&P stripped Britain of its last remaining top-notch credit rating last month following the Brexit vote, slashing it an unprecedented two grades from "AAA" to "AA".

"In our view, the "leave" result in the U.K.'s June 2016 referendum on EU membership ("Brexit") has increased the risks of adverse economic developments," S&P said in note following Thursday's banking outlook cuts.

"We also believe that the U.K. economy has now entered into a correction phase, driven by our revised expectation that imbalances will worsen as credit growth slows and real house prices contract."

52p +2.25p

Banks a moving higher today as the £ got stronger