Discussion
I’m holding Lloyds, HSBC & Close Brothers. All seem solid enough & pay decent dividends. Close Bros., have fallen in value mainly due to impairments & the Financial Conduct Authority investigation into “discretionary commission arrangements” in the car financing market.
Today’s Telegraph recommends selling Lloyds for the same reasons.
Wondering what to do.
Today’s Telegraph recommends selling Lloyds for the same reasons.
Wondering what to do.
bad company said:
I’m holding Lloyds, HSBC & Close Brothers. All seem solid enough & pay decent dividends. Close Bros., have fallen in value mainly due to impairments & the Financial Conduct Authority investigation into “discretionary commission arrangements” in the car financing market.
Today’s Telegraph recommends selling Lloyds for the same reasons.
Wondering what to do.
I'm hanging onto mine, it's a well run bank which should do well if we avoid a recession. The Telegraph don't know anymore than you or me, speculation at its best.Today’s Telegraph recommends selling Lloyds for the same reasons.
Wondering what to do.
bad company said:
Hustle_ said:
Swapped Lloyds for Natwest a couple of months ago but I now have no idea what the implications of the expected government Natwest shares sell-off will be!
Why did you want out of Lloyds?But as I say, I don't know what the sell-off means.
bad company said:
I’m holding Lloyds, HSBC & Close Brothers. All seem solid enough & pay decent dividends. Close Bros., have fallen in value mainly due to impairments & the Financial Conduct Authority investigation into “discretionary commission arrangements” in the car financing market.
Today’s Telegraph recommends selling Lloyds for the same reasons.
Wondering what to do.
Today’s Telegraph recommends selling Lloyds for the same reasons.
Wondering what to do.
For a very long time, HSBC has been amongst my main size holdings, whereas Lloyds is a tiny holding.
Have therefore followed both.
Lloyds during the past three years have hardly made any progress, whereas HSBC has been performing better.
Also during the past 10 years, HSBC has been the better of the two.
HSBC certainly coped better during the banking crisis.
What will happen in the future, no one knows.
The two banks are of course very different size businesses, with Lloyds and HSBC having respective market values of £26bn and £120bn.
I will continue to hold both, but am pleased that my much more worthwhile holding, has been the better of the two.
I subscribe to Money Saving Expert. This morning’s email took me to this and I reluctantly decided to sell Lloyds. This could be the next PPI albeit not as disastrous.
https://www.moneysavingexpert.com/latesttip/?ancho...
https://www.moneysavingexpert.com/latesttip/?ancho...
Here’s the risk for Lloyds & others involved in motor finance:-
https://cardealermagazine.co.uk/publish/shares-tum...
https://cardealermagazine.co.uk/publish/shares-tum...
bad company said:
Here’s the risk for Lloyds & others involved in motor finance:-
https://cardealermagazine.co.uk/publish/shares-tum...
Banks and others that make up the finance sector are "linked", if one goes tits up many will follow them down.https://cardealermagazine.co.uk/publish/shares-tum...
If you look back to the two US banks that were financing Tech last year early March, they caused a ripple throughout banking shares.
If you pull up a US Bank fund or ETF and look at the one year chart you will see a steep drop and a 30% recovery since.
Bank shares acting in unison can be a buying op
Gassing Station | Finance | Top of Page | What's New | My Stuff