Hints and tips:
...“I worry that the investor update will not address the dominance of the investment bank,” says Bank of America analyst Alastair Ryan....
...He oversaw the response to the collapse of Northern Rock and the bailouts of Lloyds and Royal Bank of Scotland....
...As ever, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with your thoughts and suggestions. And if you haven’t already, please sign up to the FT’s new Cryptofinance newsletter here....
...Do revisit this column of mine from budget week in October where I argued we should prepare for Lloyds to spend it like Sunak....
...Last week Santander boosted reserves to €7bn, Barclays to £3.7bn and Lloyds to £3.8bn....
...Appearing via video link from a locked down Madrid, Ms Botin said those estimates were based on a “V-shaped” recession — a sharp shock followed by a rapid recovery, but stressed this was only one possible...
...For once it is not the cost of PPI that is dragging on Lloyds Banking Group....
...That is based on the 1990 case Barber v Guardian Royal Exchange, whereby the European Court of Justice held that pensions are pay and must be made equal between the sexes....
...Ryan Asdourian, Windows and devices lead at Microsoft UK, said: “Windows Hello enables users to log in to a Windows device in less than two seconds and this use of advanced biometric technology will provide...
...“This acquisition represents another important step in our strategy to achieve scale in targeted sub-sectors within financial services,” said Ryan Selwood, managing director and head of direct private equity...
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Owain Glyndwr, David Lloyd George, Aneurin Bevan . . . These could be the great figures adorning bank notes in Wales if Plaid Cymru gets its way....
...ITV edged 0.2 per cent lower at 218p after Liberty International’s head of strategy Jim Ryan said the company has “no current plans” to add to its 6.4 per cent stake....
...James Lloyd, director of the Strategic Society think-tank, points out that even then out-of-pocket expenses may not count fully towards the “cap”....
...Judge Cred The British judiciary has failed badly in the case of Rihanna v Topshop....
...The fund is one of the City’s best-connected organisations and is a significant investor in Lloyds Banking Group, Coca-Cola and Manchester United....
...(Wall Street Journal) - Lloyd Blankfein is advising Jamie Dimon in a role reversal....
...To kick off the process, it last month sold slightly more than half its remaining shareholding in Delta Lloyd, the Dutch insurer it used to fully own, for £318m....
...Stephen Pegge, markets director for the UK small and medium-sized business sector for Lloyds, said the burden of red tape for small companies was considerable....
...Kevin Ryan at Investec said: “The cash the business generates is not enough to significantly reduce the debt pile. This will prevent the dividend from growing.”...
...Kevin Ryan, analyst at Investec, said: “We suspect that as disposals occur, the group will begin to look less complex and this is likely to benefit the stock....
...In a similar vein, Gary Cohn and Lloyd Blankfein of Goldman Sachs both travelled to the region again this month, visiting the bank’s operations and talking to regulators about the development of capital...
...iv) UK economic data continues to weaken and Lloyds is the geared play on the economy v) Lloyds is not out of the eyes of the authorities – particularly with respect to competition concerns and state aid...
...Sun European, the regional arm of US group Sun Capital, also owns the Dutch retail brands Scotch & Soda and V&D, and Neckermann.de, the German mail order business....
...And here’s John-Paul Crutchley and Alastair Ryan over at UBS: Time to shift the narrative A healthy economy drives a healthy banking system but a banking system that has no support from the equity markets...
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