Exchange Invest’s Post

🔖 Title: Lloyds announces dividend hike despite profit slump Great news, everyone! Despite a dip in profits due to struggles in the mortgage sector and savers seeking better rates, Lloyds Banking Group has taken a positive step forward by increasing its dividend. This demonstrates the company's commitment to its shareholders, even in the face of challenges. The decision to enhance the dividend underlines the resilience and long-term outlook of the organization. Check out the full story on 'This is Money' to delve deeper into the details. #LloydsBankingGroup #DividendHike #FinancialNews https://ift.tt/xVzlG9g

RBC (RY.TO) has reported a decline in first-quarter profit, citing increased provisions for potential loan losses amidst economic uncertainty. Like many other financial institutions, RBC raised capital reserves in anticipation of potential defaults on mortgages and credit card debt, driven by higher interest rates and elevated inflation impacting household finances. Despite these challenges, RBC capitalized on elevated interest rates to generate higher income from mortgages, personal loans, and credit card debt. Explore more about RBC's Q1 earnings report and its strategies for navigating volatile market conditions. Check the full details at https://lnkd.in/dAEiEgxW #RBC #Finance #EconomicNews"

Great news for the UK banking sector! According to City A.M., the Bank of England has indicated that major lenders such as Natwest, Lloyds, and Nationwide are equipped to withstand a crisis. This demonstrates the resilience and stability of our financial institutions, providing confidence and security for customers and investors alike. #UKbanking #financialstability #BankofEngland https://ift.tt/vyUi5Ch

US Regional Bank Stocks 1 Month Into 2024: 1. NY Community Bank, $NYCB: -60% 2. Valley National Bank, $VLY: -25% 3. Metropolitan Bank, $MCB: -15% 4. HarborOne, $HONE: -14% 5. Comerica Bank, $CMA: -13% 6. Zions Bank, $ZION: -12% 7. Western Alliance, $WAL: -11% 8. Citizens Financial, $CFG: -6% 9. KeyCorp, $KEY: -5% Regional bank worries resurfaced as New York Community bank, which acquired the collapsed Signature Bank, cut their dividend by 70%. These are the same banks that hold nearly 70% of commercial real estate loans. Just 10 months ago, the regional bank crisis "ended."

It's never the large corporations and institutions the ones affected by crisis, either financial or cost of living 'Major banks made a profit of more than £9bn from the Bank of England’s money-printing programme last year. Four large high street lenders were paid £9.3bn in interest on reserves parked at Threadneedle Street last year, more than double the £3.9bn they were handed in 2022. Losses suffered by the Bank of England are ultimately borne by the taxpayer. The payments are largely a legacy of quantitative easing, where the Bank pumped newly created money into the economy during the financial crisis and Covid pandemic. Threadneedle Street used this money to buy bonds, typically from high street banks, who then parked the cash in Bank of England accounts where it earns interest.' Rising rates have driven up profits for the banks as a result. In correspondence with MPs on the Treasury Select Committee, NatWest revealed it was paid £2.9bn last year, Lloyds Banking Group £3.6bn, Santander £1.9bn and Barclays £1.9bn.

Moneyfacts: Savings rates worsen across variable and fixed deals. Some of my comments below: “Savings rates fell across both variable and fixed sectors in August, which is the first time all rates dropped since the start of 2024. The downward path was perhaps an inevitable direction after the Bank of England base rate was cut, but it can take a few weeks for providers to make a move in response. One area of the savings market to take a hit has been easy access accounts, seeing the biggest month-on-month drop since April 2024. Those savers who have not reviewed their savings accounts would be wise to do so, to ensure they are still paying a competitive return." Read more here: https://lnkd.in/eCccWaKH #moneyfacts #financenews #moneyfactscompare #savings

Great news, folks! 🎉 The Reserve Bank of Australia has once again decided to keep the cash rate steady at 4.35%. While we may have to wait a bit longer for any rate drops, it's still a positive step forward. For those diving into the exciting journey of buying their first home, this news is a win! It gives you a clearer picture of budgeting for your deposit and loan repayments. Do you have any questions or need guidance on your options? Don't hesitate to drop us a message. We're here to support you every step of the way! 🏡💼 #360fs #360financialstrategists #financialplanners #financialadvice #melbourneproperty #melbournerealestate #realestateau

Fédération des caisses Desjardins du Québec (CCDJ) successfully issued a £750m October 2028 sterling-denominated covered bond at 60bp over Sonia, slightly wide of fair value but in line with market expectations. A lead syndicate banker remarked, "there was an encouragingly high level of asset manager participation that we don’t always see in these trades. It speaks to investors appetite for these spreadier products, which typically come from Canada or Australia". Despite CCDJ's smaller name recognition compared to peers, the issuance attracted significant demand, totaling £1.5bn. Sign up to read the rest of the story and more comments from bankers on the deal: https://lnkd.in/eRuQWf5N Written by Frank Jackman, covered bonds editor at GlobalCapital #capitalmarkets #coveredbonds #deals