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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

London Stock Exchange
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Share Price: 56.08
Bid: 56.12
Ask: 56.14
Change: 0.28 (0.50%)
Spread: 0.02 (0.036%)
Open: 55.96
High: 56.24
Low: 55.78
Prev. Close: 55.80
LLOY Live PriceLast checked at -

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British banks saw funding conditions ease in fourth quarter

Tue, 07th Jan 2014 14:16

UK banks and building societies reported that their total funding volumes (requirements) fell significantly in the three months to early December, according to the Bank of England´s (BoE) latest Bank Liabilities Survey.That is important because changes in the price, quantity and composition of banks' liabilities may affect their willingness or ability to lend, and the price of lending, the BoE explained. The above was the result of a large fall in the volume of 'other' funding, whereas volumes of retail deposits had increased. Lenders also expected total funding volumes to continue to fall significantly in the first quarter of 2014.Similarly, lenders´ retail funding costs fell in the fourth quarter and were expected to fall again noticeably in the first quarter.Meanwhile, banks' issuance of long-term wholesale debt was positively impacted by a number of factors during the period, including improved market liquidity and non-price terms, the BoE explained. Regulatory drivers had pushed up significantly on lenders' demand for capital for the fourth consecutive quarter in the fourth quarter, whereas improved macroeconomic conditions had made a negative contribution.For Investec analyst Ian Gordon, the survey results were part of the explanation behind Tuesday´s strong gains in the shares of UK banks such as Lloyds and RBS, particularly the former. "It's not that it contains surprising news, but de facto confirmation of improving capital metrics, improving retail deposits and (significant) declines in funding volumes/requirements is all helpful and will cause some to revisit Net Interest Margin forecasts with (further) upside potential," he explained to Sharecast. AB
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14 Mar 2023 09:26

UK banks not seeing 'flight to quality' after SVB collapse - Lloyds CEO

LONDON, March 14 (Reuters) - British banks are not yet seeing a "flight to quality" in deposits among customers nervous about the safe-keeping of their money following the collapse of U.S. lender Silicon Valley Bank last week, Lloyds chief executive Charlie Nunn said on Tuesday.

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14 Mar 2023 08:54

LONDON MARKET OPEN: Europe opens mixed as SVB worries rattle Asia

(Alliance News) - Stock prices in London opened largely lower on Tuesday, with the fallout from the Silicon Valley Bank collapse still reverberating around global markets.

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13 Mar 2023 16:57

LONDON MARKET CLOSE: Stocks sharply lower amid SVB contagion fears

(Alliance News) - Stocks in London ended firmly lower on Monday as the fallout from the collapse of Silicon Valley Bank continued to ripple through markets.

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13 Mar 2023 12:05

LONDON MARKET MIDDAY: HSBC-SVB deal fails to boost FTSE 100

(Alliance News) - Shares were lower at midday in London on Monday, as bank shares suffered from the collapse of Silicon Valley Bank.

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13 Mar 2023 11:25

Bank of England to study climate-related capital further

LONDON, March 13 (Reuters) - The Bank of England will carry out further study as it is not yet clear whether it needs to require banks and insurers to set aside longer-term capital buffers to provide for the consequences of climate change, it said on Monday.

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12 Mar 2023 20:25

Britain battles to limit SVB damage as would-be buyer for UK arm steps in

Government working to protect customers from bank's collapse

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12 Mar 2023 10:51

UK's high street banks given 24 hours to rescue SVB UK - Sky News

March 12 (Reuters) - Britain's biggest high street banks have been given a 24-hour deadline to rescue Silicon Valley Bank UK (SVB UK) from collapse as the Bank of England prepares to place it into an insolvency process, Sky News reported on Sunday.

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10 Mar 2023 13:38

Citi reiterates 'buy' rating on four UK bank stocks

(Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.

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10 Mar 2023 12:31

Castelnau says Ocula Technologies receives new Lloyds investment

(Alliance News) - Castelnau Group Ltd on Monday said Ocula Technologies Holdings Ltd has received new investment from Lloyds Banking Group PLC and their financial technology investment team.

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10 Mar 2023 12:10

LONDON MARKET MIDDAY: Stocks sharply lower amid banking sell-off

(Alliance News) - Stock prices in London were deep in the red at midday on Friday as London-listed banks weighed down the FTSE 100 following a steep sell-off of peers across the Atlantic on Thursday.

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10 Mar 2023 09:00

LONDON MARKET OPEN: US bank stock sell-off weighs on global equities

(Alliance News) - Stock prices in London fell sharply at Friday's open, as a positive UK GDP print was overshadowed by concerns for the health of the global financial sector.

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10 Mar 2023 00:01

Dampened rate expectations ease pressure on borrowers, says UK watchdog

LONDON, March 10 (Reuters) - Britain's financial watchdog said on Friday it expects the number of mortgage borrowers struggling to keep up with payments to rise at a much slower pace in the next 12 months than previously forecast because interest rate hikes will be more modest.

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7 Mar 2023 14:05

Bank of England gives lenders December deadline to improve data on risks

LONDON, March 7 (Reuters) - The Bank of England will decide by year end if tougher disclosure rules are needed for banks after the near meltdown in pension funds last September highlighted weaknesses in quantifying risks, it said on Tuesday.

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7 Mar 2023 11:12

Forget Powell: focus on inflation inputs

STOXX 600 up 0.2%

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7 Mar 2023 10:55

Banks surge ahead in 2023

STOXX 600 up 0.2%

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