Outlook is brightening, but it is not quite a normal bank yet, says
A normal bank? Up to a point,
But, yes, a normal-ish bank is starting to emerge. The profits statement was stuffed with flattering measures like "underlying" profits and "pro forma" capital ratios and, viewed through these prisms, Lloyds' medium-term outlook is brightening. Sometime around 2015 Lloyds ought to have a healthier capital ratio up around 12%-13% on the regulator's strict "fully loaded" basis. And dividends, all being well, will resume this year.
So, barring stock market drama, it ought to be a relatively simple process for
Does the chief executive deserve a pounds 1.7m bonus?
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