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Lloyds Banking Group PLC

LLOY.L

Latest Trade

37.30GBp

Change

-0.03(-0.07%)

Volume

285,326,547

Today's Range

35.83

 - 

37.38

52 Week Range

23.59

 - 

73.66

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Robin Budenberg takes Lloyds Banking Group chairmanship on Jan 1

Oct 29 (Reuters) - Lloyds Banking Group PLC <LLOY.L>::BANKING GROUP - LLOYDS BANKING GROUP CHAIRMAN SUCCESSION UPDATE.CONFIRMED THAT ROBIN BUDENBERG WILL SUCCEED LORD BLACKWELL AS CHAIR OF LLOYDS BANKING GROUP.LORD BLACKWELL HAS CONFIRMED THAT HE WILL STEP DOWN AS CHAIRMAN AND RESIGN FROM LLOYDS BANKING GROUP BOARD ON JANUARY 1ST 2021.BOARD HAS CONFIRMED THAT ROBIN BUDENBERG WILL SUCCEED LORD BLACKWELL AS CHAIR OF LLOYDS BANKING GROUP AND AS CHAIR OF ITS NOMINATION AND GOVERNANCE COMMITTEE WITH EFFECT FROM THAT DATE.

Lloyds reports retail current account deposits of 35 bln stg

Oct 29 (Reuters) - Lloyds Banking Group PLC <LLOY.L>::RETAIL CURRENT ACCOUNTS CONTINUED TO INCREASE AHEAD OF MARKET IN Q3, WITH GROUP DEPOSITS UP £35 BILLION.LOAN TO DEPOSIT RATIO OF 98 PER CENT, PROVIDING A STRONG LIQUIDITY POSITION AND SIGNIFICANT POTENTIAL TO LEND INTO RECOVERY.OUTLOOK REMAINS HIGHLY UNCERTAIN GIVEN SECOND WAVE OF CORONAVIRUS, GOVERNMENT RESPONSE INCLUDING SOCIAL DISTANCING MEASURES AND END OF FURLOUGH SCHEME, TOGETHER WITH ONGOING BREXIT NEGOTIATIONS.RISK-WEIGHTED ASSETS NOW EXPECTED TO BE BROADLY STABLE COMPARED TO 30 SEPTEMBER 2020.9-MONTH NET INCOME OF £10.8 BILLION, DOWN 17 PER CENT, WITH £3.4 BILLION IN Q3, REFLECTING LOWER INTEREST RATES AND LOWER OTHER INCOME..

Bank of England urge wider shift from Libor in rate swaps from Oct 27

Sept 28 (Reuters) - Bank of England [RIC:RIC:BKENG.UL]::SUPPORT AND ENCOURAGE LIQUIDITY PROVIDERS IN STERLING SWAPS MARKET TO ADOPT NEW QUOTING CONVENTIONS.ENCOURAGE NEW QUOTING CONVENTIONS FOR SONIAINTER-DEALER TRADING BASED ON SONIA INSTEAD OF LIBOR FROM 27 OCTOBER THIS YEAR..FCA SAYS SURVEY IDENTIFIED STRONG SUPPORT FOR A CHANGE IN INTERDEALER QUOTING CONVENTION THAT WOULD SEE SONIA RATHER THAN LIBOR BECOME DEFAULT PRICE FROM 27 OCTOBER 2020.BANK OF ENGLAND SAYS THESE CHANGES ARE INTENDED TO SUPPORT A FURTHER MOVE OF NEW STERLING SWAPS TRADING TO SONIA AND REDUCE RISK BY LIMITING NEW LIBOR EXPOSURES..

Lloyds Banking Appoints Alan Dickinson As Member Of Responsible Business Committee

Sept 25 (Reuters) - Lloyds Banking Group PLC <LLOY.L>::LLOYDS BANKING GROUP - BOARD COMMITTEE CHANGES.LLOYDS - ALAN DICKINSON, DEPUTY CHAIRMAN AND SENIOR INDEPENDENT DIRECTOR, APPOINTED AS MEMBER OF RESPONSIBLE BUSINESS COMMITTEE.

Lloyds Banking Group Says Simon Henry Intends To Retire As Director

Sept 10 (Reuters) - Lloyds Banking Group PLC <LLOY.L>::SIMON HENRY, A NON-EXECUTIVE DIRECTOR OF LLOYDS BANKING GROUP SINCE JUNE 2014, HAS INFORMED BOARD OF HIS INTENTION TO RETIRE AS A DIRECTOR.SARAH LEGG WILL SUCCEED SIMON AS CHAIR OF AUDIT COMMITTEE WITH EFFECT FROM OCTOBER 1(ST) 2020..CATHERINE WOODS, NON-EXECUTIVE DIRECTOR SINCE MARCH, HAS ALSO BEEN APPOINTED TO JOIN AUDIT COMMITTEE WITH IMMEDIATE EFFECT.

Lloyds Bank says economic outlook has become more challenging

July 30 (Reuters) - Lloyds Banking Group PLC <LLOY.L>::OVER £9 BILLION LENDING PROVIDED TO BUSINESSES THROUGH GOVERNMENT-BACKED SCHEMES, INCLUDING BOUNCE BACK LOAN, CORONAVIRUS BUSINESS INTERRUPTION LOAN AND CORONAVIRUS LARGE BUSINESS INTERRUPTION LOAN SCHEMES.OVER 1.1 MILLION PAYMENT HOLIDAYS GRANTED TO RETAIL CUSTOMERS AND C.33,000 CAPITAL REPAYMENT HOLIDAYS PROVIDED TO SMALL BUSINESSES AND CORPORATES TO ALLEVIATE TEMPORARY FINANCIAL PRESSURES.LOAN BOOKS, BASED ON ACTUAL DEFAULTS TO DATE, CONTINUE TO PERFORM WELL, WITH ADDITIONAL PROVISIONS BUILDING BALANCE SHEET RESILIENCE.LOANS AND ADVANCES AT £440 BILLION WERE STABLE COMPARED TO YEAR END BUT REDUCED BY £3 BILLION IN Q2 WITH EXPECTED REDUCTIONS IN MORTGAGE BOOK.CUSTOMER DEPOSITS INCREASED BY £29 BILLION IN HALF AND £13 BILLION IN Q2 AS A RESULT OF REDUCED CONSUMER SPENDING.NET INTEREST MARGIN EXPECTED TO REMAIN BROADLY STABLE ON Q2 LEVEL AT C.240 BASIS POINTS FOR REST OF YEAR RESULTING IN A FULL YEAR MARGIN OF C.250 BASIS POINTS.IMPAIRMENT EXPECTED TO BE BETWEEN £4.5 BILLION AND £5.5 BILLION.THE NEGATIVE ECONOMIC IMPACT REMAINS PROFOUND AND WE HAVE REVISED OUR EXPECTATIONS ACCORDINGLY.GROUP'S RECENTLY REVISED CURRENT ECONOMIC ASSUMPTIONS HAVE DETERIORATED SINCE Q1.THE OUTLOOK HAS CLEARLY BECOME MORE CHALLENGING SINCE OUR FIRST QUARTER RESULTS, WITH THE ECONOMIC IMPACT OF LOCKDOWN MUCH LARGER THAN EXPECTED AT THAT TIME.

Lloyds Banking Group First-Half Pre-Tax Loss Of 602 Million Pounds

July 30 (Reuters) - :LLOYDS BANKING GROUP FIRST-HALF PRE-TAX LOSS OF 602 MILLION POUNDS.LLOYDS Q2 IMPAIRMENTS CHARGE OF 2.4 BILLION POUNDS, OVERALL H1 IMPAIRMENTS OF 3.8 BILLION POUNDS.LLOYDS H1 POST-TAX PROFIT OF 19 MILLION POUNDS.LLOYDS CET1 OF 14.6%.LLOYDS H1 NET INCOME OF 7.4 BILLION POUNDS.LLOYDS H1 TOTAL COSTS OF 3.9 BILLION POUNDS.LLOYDS NET INTEREST MARGIN OF 2.59%.LLOYDS COST TO INCOME RATIO OF 52.3%.

Lloyds Banking Group CEO To Step Down; New Chair Appointed

July 6 (Reuters) - Lloyds Banking Group PLC <LLOY.L>::LLOYDS BANKING GROUP LEADERSHIP SUCCESSION.ROBIN WILL JOIN GROUP BOARD ON OCTOBER 1ST 2020 AND TAKE OVER AS CHAIR IN EARLY 2021.ROBIN BUDENBERG CBE HAS BEEN SELECTED AS CHAIRMAN.ANTÓNIO HORTA-OSÓRIO HAS ALSO INFORMED BOARD OF HIS INTENTION TO STEP DOWN AS CHIEF EXECUTIVE IN 2021.ANTÓNIO HAS AGREED TO TIME HIS STEPPING DOWN AS GROUP CEO TO SUPPORT A SMOOTH TRANSITION.

UK's FCA confirms further support for consumer credit customers

July 1 (Reuters) - :FCA CONFIRMS FURTHER SUPPORT FOR CONSUMER CREDIT CUSTOMERS.FCA SAYS CUSTOMERS YET TO REQUEST A PAYMENT FREEZE OR AN ARRANGED INTEREST-FREE OVERDRAFT OF UP TO £500, WILL HAVE UNTIL 31 OCTOBER 2020 TO APPLY FOR ONE.

Schroders Personal Wealth To Name Mark Duckworth As Next Chief Executive - Sky News

June 30 (Reuters) - :SCHRODERS PERSONAL WEALTH WILL THIS WEEK NAME FORMER OPENWORK BOSS MARK DUCKWORTH AS ITS NEXT CHIEF EXECUTIVE - SKY NEWS REPORTER.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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