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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Lloyds Banking Group    LLOY   GB0008706128

LLOYDS BANKING GROUP (LLOY)
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Lloyds Banking : HOPES OF BREAKTHROUGH IN SMALL COMPANIES' BANK CAMPAIGN

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01/14/2018 | 08:06am CET

Jan. 14--ENTREPRENEURS who claim they have been abused by their banks will descend on Westminster this week to press the case for a new independent system to resolve disputes.

Hopes are rising for a breakthrough in the battle for a tribunal or properly resourced Ombudsman for small firms. Several bank bosses support the initiative and sources believe the Treasury may now be ready to act on the issue. MPs are to debate how banks have treated business customers on Thursday.

They will discuss RBS's controversial global restructuring group and are expected to cover the behaviour of others such as HBOS's Reading branch, where crooked bankers and advisers cheated firms. The debate will be led by MPs from the All-Party Parliamentary Group on Fair Business Banking (APPG) which has led the campaign alongside The Mail on Sunday. Currently, only the tiniest businesses can bring complaints against their banks through the Financial Ombudsman Service. Bigger businesses can go through the courts, but the cost is prohibitive for anything but the largest claims.

Treasury select committee chairman Nicky Morgan and Liberal Democrat leader Sir Vince Cable intend to take part in the debate, The Mail on Sunday understands. TV star Noel Edmonds, who alleges his Unique Group was brought down by crooked bankers at HBOS's Reading branch, is also planning to attend.

Lord Cromwell, chair of the APPG, said: 'After many years of frustration, businesses finally seem to have traction in their quest for an appropriate means for dispute resolution with lending bodies. Creating an independent tribunal would be transformational.'

___

(c)2018 the Daily Mail (London)

Visit the Daily Mail (London) at www.dailymail.co.uk/home/index.html

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ( GBP)
Sales 2017 18 392 M
EBIT 2017 8 920 M
Net income 2017 3 746 M
Debt 2017 -
Yield 2017 5,98%
P/E ratio 2017 14,10
P/E ratio 2018 11,27
Capi. / Sales 2017 2,76x
Capi. / Sales 2018 2,74x
Capitalization 50 734 M
Chart LLOYDS BANKING GROUP
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Lloyds Banking Group Technical Analysis Chart | LLOY | GB0008706128 | 4-Traders
Technical analysis trends LLOYDS BANKING GROUP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 0,74  GBP
Spread / Average Target 5,1%
EPS Revisions
Managers
NameTitle
António Horta-Osório Group Chief Executive Officer & Executive Director
Norman Roy Blackwell Chairman
Juan Calafat Colombás Chief Operating Officer & Executive Director
George Mark Culmer Chief Financial Officer & Executive Director
Morteza Mahjour Group Chief Information Officer
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