Lloyds COO Colomb?s to delay retirement
1st May 2020 07:37
(Sharecast News) - Lloyds Bank chief operating officer Juan Colomb?s has agreed to delay his retirement to help the bank deal with the fallout of the coronavirus crisis, the company said on Friday
Read moreECB ready to increase emergency bond buying programme, use all tools
30th Apr 2020 14:09
(Sharecast News) - The European Central Bank kept the door open to ramping up its emergency bond purchase programme, all its policy tools in fact.
Read moreLloyds profits nosedive on ?1.4bn coronavirus provision
30th Apr 2020 07:25
(Sharecast News) - First quarter pre-tax profits at Lloyds Bank almost disappeared as the bank braced itself for the impact of the coronavirus pandemic with a massive provision against bad loans.
Read moreBoE urges banks to go easy on bad debts - report
27th Apr 2020 09:04
(Sharecast News) - The Bank of England has warned UK lenders to exercise restraint in booking charges for expected bad debts to preserve their capital positions.
Read moreSunday newspaper round-up: Lockdown, Vaccines, Social distancing
26th Apr 2020 23:44
(Sharecast News) - Boris Johnson is expected to announce plans for easing the lockdown as early as this week after he returned to Downing Street on Sunday night to take full-time control of the coronavirus crisis. The Prime Minister will on Monday morning chair his first meeting of the Covid-19 "war cabinet" since he was taken to hospital more than three weeks ago, and is ready to resume his role hosting televised Number 10 press conferences. - Sunday Telegraph
Read moreBoE tells banks to use buffers to support economy
20th Apr 2020 14:26
(Sharecast News) - The Bank of England has told banks to use their liquidity and capital buffers to back customers during the Covid-19 crisis after requiring lenders to cancel dividends to bolster their finances.
Read moreBarclays upgrades RBS, says Lloyds preferred UK bank stock
16th Apr 2020 13:59
(Sharecast News) - Barclays upped its stance on Royal Bank of Scotland shares to 'equalweight' from 'underweight' on Thursday in a note on UK banks.
Read moreJP Morgan boss anticipates financial stress akin to 2008 crisis
6th Apr 2020 13:14
(Sharecast News) - The head of America's largest lender by market value is digging in for a severe downturn.
Read moreFCA to freeze consumer loan payments in emergency measures
2nd Apr 2020 07:44
(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
Read moreLloyds scraps dividends in Covid-19 measure
1st Apr 2020 07:04
(Sharecast News) - Lloyds Banking Group has scrapped its final 2019 dividend and agreed not to make shareholder payouts or buy back shares in 2020 at the request of the Bank of England to preserve capital in the Covid-19 crisis.
Read moreUK banks suspend dividend payments amid Covid-19 outbreak
31st Mar 2020 21:07
(Sharecast News) - Britain's biggest banks have suspended dividend payments as they look to weather the coronavirus outbreak.
Read moreUK banks 'well able' to withstand Covid-19 crisis - FPC
24th Mar 2020 12:02
(Sharecast News) - UK banks are well positioned to withstand the severe disruption brought about by the coronavirus pandemic, the Bank of England's Financial Policy Committee said on Tuesday, as it pledged to take further action to underpin financial stability if needed.
Read moreNew BoE Governor pledges 'prompt' action to tackle economic impact of coronavirus
16th Mar 2020 12:54
(Sharecast News) - Andrew Bailey, the Bank of England Governor, has pledged to take "prompt action again" to tackle the economic fallout of the coronavirus outbreak, after the US Federal Reserve announced a series of sweeping measures overnight.
Read moreFriday broker round-up
13th Mar 2020 13:17
(Sharecast News) - Balfour Beatty: UBS upgrades to buy with a target price of 350p.
Read moreLloyds screens among most defensives against coronavirus, Jefferies says
10th Mar 2020 13:24
(Sharecast News) - Analysts at Jefferies switched to a defensive stance on Banks from 'UK risk on' in the wake of the coronavirus, highlighting Lloyds as the most defensive play in the space.
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