Lloyds issue their Q1 trading statement on 3rd May, this will give the market something to compare the results of N.W. therefore may bolster their share price.
Watch the market on Wednesday.

Seems to be the elephant in the room. Not the same pressing issue as in the USA , but would result in UK banks both tightening their criteria and lending less. Are we in the throes of the start of a global liquidity squeeze?

Basic banking principles. Fractional reserve banking. Banks operate on a leveraged basis.

Announced in the last hour…

JP Morgan is set to take over the troubled US bank First Republic in a deal brokered by regulators.
The Federal Deposit Insurance Corporation (FDIC) confirmed in a statement that First Republic had collapsed on Monday.

Investment banking giant JP Morgan will now take on "all of the deposits and substantially all of the assets of First Republic Bank".

First Republic becomes the third major US bank to collapse in recent months.

The San Francisco-based lender's shares fell by more than 75% last week after it admitted that customers had withdrawn $100bn (£79.6bn) of deposits in March.

It follows on from the collapse of Silicon Valley Bank (SVB) in March, which prompted fears of a wider banking crisis.

That was swiftly followed by the demise of another US lender, Signature Bank.

A deposit flight from lenders has forced the Federal Reserve, the US central bank, to step in with emergency measures to stabilise financial markets.

In March, a group of America's biggest banks stepped forward to pump $30bn into First Republic in a bid to stabilise the business, but the efforts proved futile.

Founded in 1985, First Republic is a mid-sized US lender, similar to SVB.

For years, it has catered to wealthy clients - whose money was at risk before the takeover was announced after a weekend of negotiations.

In the US, FDIC insures customer deposits up to $250,000.

When Silicon Valley Bank and Signature collapsed, the FDIC said it would guarantee all deposits to prevent a rush of people trying to get their money out, which is known as a run on a bank.

As part of the First Republic agreement, it will share losses on loans with JP Morgan. The FDIC has estimated that its insurance fund would take a hit of about $13bn in the deal.

First Republic's 84 offices across eight states will also reopen as branches of JPMorgan Chase.
In Europe, banking giant Credit Suisse was bought by rival UBS in March, in a deal orchestrated by Swiss authorities.

As central banks around the world raised interest rates aggressively to dampen the rate of price rises, otherwise known as inflation, some lenders have come under pressure.

Increased interest rates have hurt the values of the large portfolios of bonds bought by banks when rates were lower.

Mark, he also said some much more positive stuff, according to CNBC?


The crisis that led to the downfall of three regional U.S. banks in recent weeks is largely over after the resolution of First Republic, according to JPMorgan Chase CEO Jamie Dimon.

JPMorgan emerged as the winner of a weekend auction for First Republic after regulators decided that time had run out on a private sector solution. The Federal Deposit Insurance Corporation seized the bank and New York-based JPMorgan announced early Monday that it was acquiring nearly all of the deposits and most of the assets of First Republic.

“There are only so many banks that were offsides this way,” Dimon told analysts in a call shortly after the deal was announced.

“There may be another smaller one, but this pretty much resolves them all,” Dimon said. “This part of the crisis is over.”