> LONDON, March 4 (Reuters) - Lloyds Banking Group said talks with
> Britain's government about the terms of a scheme to cap its losses on
> billions of pounds of risky assets were "advanced and going well",
> downplaying reports of a rift.
> A Treasury spokesman said details of the plan were likely to come in
> the next few days.
> "Our talks with the Treasury are advanced and are going well," a
> spokesman for the bank said. "They are constructive discussions about
> what is by definition a complex but nevertheless very important
> subject."
> Lloyds is expected to announce it will put more than 200 billion
> pounds ($282 billion) of assets into the scheme, aimed at capping the
> amount banks can lose if asset values fall.
> The Daily Telegraph reported on Wednesday the bank had had a major
> bust up over the terms. The newspaper, quoting individuals close to
> the bank, said Lloyds chief executive Eric Daniels felt so strongly
> about the issue he could quit.
> "He (Daniels) is very committed to getting the best possible outcome
> for our shareholders. That is very much his sole focus," the Lloyds
> spokesman said.
> Lloyds had been expected to outline details of its plan last Friday
> alongside its annual results.
> The delay was blamed by Lloyds Chairman Victor Blank on Treasury
> officials being tired after frantic talks to seal a deal with Royal
> Bank of Scotland over previous days, but the lack of details this week
> has prompted worries the talks have run into trouble.

> On Mar 4, 11:55 am, jupite...@hotmail.com wrote:

> > By Steve Slater

> > LONDON, March 4 (Reuters) - Lloyds Banking Group said talks with
> > Britain's government about the terms of a scheme to cap its losses on
> > billions of pounds of risky assets were "advanced and going well",
> > downplaying reports of a rift.
> > A Treasury spokesman said details of the plan were likely to come in
> > the next few days.
> > "Our talks with the Treasury are advanced and are going well," a
> > spokesman for the bank said. "They are constructive discussions about
> > what is by definition a complex but nevertheless very important
> > subject."
> > Lloyds is expected to announce it will put more than 200 billion
> > pounds ($282 billion) of assets into the scheme, aimed at capping the
> > amount banks can lose if asset values fall.
> > The Daily Telegraph reported on Wednesday the bank had had a major
> > bust up over the terms. The newspaper, quoting individuals close to
> > the bank, said Lloyds chief executive Eric Daniels felt so strongly
> > about the issue he could quit.
> > "He (Daniels) is very committed to getting the best possible outcome
> > for our shareholders. That is very much his sole focus," the Lloyds
> > spokesman said.
> > Lloyds had been expected to outline details of its plan last Friday
> > alongside its annual results.
> > The delay was blamed by Lloyds Chairman Victor Blank on Treasury
> > officials being tired after frantic talks to seal a deal with Royal
> > Bank of Scotland over previous days, but the lack of details this week
> > has prompted worries the talks have run into trouble.

> guess they wouldn't sell papers that way.

> On Mar 4, 1:34 pm, bradkieser <bradley.kie...@gmail.com> wrote:

> > I can accept that they are tired. Blimey! Look at what they did for
> > RBS! We're all keen to make money here (or get out of our losses) but
> > it's more important that they come up with the right deal.

> > On Mar 4, 11:55 am, jupite...@hotmail.com wrote:

> > > By Steve Slater

> > > LONDON, March 4 (Reuters) - Lloyds Banking Group said talks with
> > > Britain's government about the terms of a scheme to cap its losses on
> > > billions of pounds of risky assets were "advanced and going well",
> > > downplaying reports of a rift.
> > > A Treasury spokesman said details of the plan were likely to come in
> > > the next few days.
> > > "Our talks with the Treasury are advanced and are going well," a
> > > spokesman for the bank said. "They are constructive discussions about
> > > what is by definition a complex but nevertheless very important
> > > subject."
> > > Lloyds is expected to announce it will put more than 200 billion
> > > pounds ($282 billion) of assets into the scheme, aimed at capping the
> > > amount banks can lose if asset values fall.
> > > The Daily Telegraph reported on Wednesday the bank had had a major
> > > bust up over the terms. The newspaper, quoting individuals close to
> > > the bank, said Lloyds chief executive Eric Daniels felt so strongly
> > > about the issue he could quit.
> > > "He (Daniels) is very committed to getting the best possible outcome
> > > for our shareholders. That is very much his sole focus," the Lloyds
> > > spokesman said.
> > > Lloyds had been expected to outline details of its plan last Friday
> > > alongside its annual results.
> > > The delay was blamed by Lloyds Chairman Victor Blank on Treasury
> > > officials being tired after frantic talks to seal a deal with Royal
> > > Bank of Scotland over previous days, but the lack of details this week
> > > has prompted worries the talks have run into trouble.- Hide quoted text -

> - Show quoted text -

> I wonder if Nomura will profit from short selling on the drop in
> price ? :-)

> Bastards... I think the whole thing's a setup, I really do.
> Even RBS fell by 8% in the last hour of trading.

> On Mar 5, 9:31 pm, jimmystard...@gmail.com wrote:

> > Hey, and look at how accurate Nomura's target prices were compared
> > to the SP at the close of session.

> > I wonder if Nomura will profit from short selling on the drop in
> > price ? :-)

> > Bastards... I think the whole thing's a setup, I really do.
> > Even RBS fell by 8% in the last hour of trading.