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Lloyds Banking Group plc (LLDTF)

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At close: 11:21AM EST
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  • Simply Wall St.

    The past five years for Lloyds Banking Group (LON:LLOY) investors has not been profitable

    Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...

  • Financial Times

    Is Octopus-Bulb a replay of Lloyds-HBOS?

    On Wednesday September 17 2008, when Eric Daniels, then chief executive of Lloyds bank, conquered his nerves, looked past the collapse of Lehman Brothers two days earlier and agreed to buy HBOS for £12bn, he saved the giant mortgage lender from nationalisation. Dozens of suppliers have already failed, not least because the regulator — echoing lax banking supervision 14 years ago — allowed them to disregard basic safety and soundness measures, such as hedging wholesale energy prices. Today, Bulb looks a lot like HBOS in 2008; and Octopus, its putative rescuer, looks a lot like Lloyds.

  • Financial Times

    Lloyds pension plan sold billions of assets during gilts crisis

    Lloyds Banking Group’s pension scheme sold billions of pounds of assets to meet collateral calls during September’s market crisis, one of the biggest known sell-offs by a corporate plan. Details of the scale of asset disposals were revealed in a submission made to the work and pensions select committee by the partner of the head of Lloyds’ £52bn retirement scheme. In evidence to MPs, Henry Tapper, founder of AgeWage, which provides pension market analysis, said he lived with the chief executive of a large defined benefit plan “which needed to liquidate a large proportion of its equity holdings and seek a line of credit from its sponsor”, during the market rout.