Bank Shares

[bad company]

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.

[bad company]

mike13 said:

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.

That’s pretty much my thinking, might put a ‘stop loss’ on the holding though.

[bad company]

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?

[bad company]

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...

[bad company]

Here’s the risk for Lloyds & others involved in motor finance:-

https://cardealermagazine.co.uk/publish/shares-tum...

[bad company]

Skyedriver said:

IIRC HL were pumping LLOY a few weeks ago.

If you’re referring to Hargreaves Lansdown they make a point of not tipping any shares. Also was the HL article written before or after the FCA investigation was announced?