0:57The boss of Lloyds Banking Group has told Sky News a"mortgage shock" is awaiting around 200,000 of its home loan customers.
"Where we're really focused on as a bank is looking at those customers that are going to have an increase in their mortgage payments which is going to increase their interest they pay as a percentage of their income", he said. He was speaking hours after the group revealed a provision of £1.5bn last year - £500m of it in the final quarter - for bad loans ahead.
Earnings of £6.9bn for the 12 months matched the sum achieved in 2021, even though revenue had risen 14% to £18bn.
Just think of all those repossesions LloydsBank are going to scoop up for their property portfolio that will eventually end up in the hands of SERCO and their all concievable expenses contracts for the illegal gimmegrants. Vulture Capitalism at its worst.