“#Climate activists call on insurers to ditch climate-wrecking #EACOP project”

by Hannah Sharland in @thecanaryuk

“On 30 August, climate activists staged a protest against multiple insurance companies. The coalition of campaigners from #MoneyRebellion, #CoalActionNetwork, #StopEACOP, #ExtinctionRebellion, #StopRosebank, and #JustStopOil demonstrated outside the offices of a series of #Lloyds of London members. They were targeting agents that have refused to rule out insuring the controversial East African Crude Oil Pipeline (EACOP).”

#ClimateCrisis

https://www.thecanary.co/global/2023/08/31/climate-activists-call-on-insurers-to-ditch-climate-wrecking-eacop-project/?__s=pw3ygmyxve9etudpqdrh

#Lloyds hat die Kosten im Griff
https://www.boersen-zeitung.de/banken-finanzen/lloyds-hat-die-kosten-im-griff?utm_campaign=mastodon&utm_source=mastodon&utm_medium=Digital

Mass Affluent – Senior Manager: Investment Propositions #Lloyds Banking Group
#London

such as Customer insight, Risk, Marketing, Technology, Change etc. Whilst you'll be principally focused on B...

read more: t.me/hiresocial (#3788)
#uk #InfluencerJob #HiringNow

Much like the #energy firms doing well out of record energy prices, it now seems the #banking sector is following:

#Lloyds bank has just announced greatly increased profits - up 80% year on year, for the last quarter - from raised #interestrates;

Its ever clearer a key element of the #costoflivingcrises has been a flow of funds (ultimately) to #corporate #managers & #shareholders.

But, pretty much (of course) what one expects from the UK's #rentiercapitalism!
To those who have, more is given!

"Big #banks are raking in billions, and we all pay the price – time for a new windfall tax"
- Fran Boait's excellent piece in today's Guardian -
"Another week, another corporate monopoly recording huge profits off the backs of millions struggling to pay bills, feed their families and keep the lights on. This time it’s the turn of the big banks, which are reporting record profits driven by the interest rate hikes that the Bank of England has continued to ratchet up, despite its own admission that this may do little to bring down inflation, which is driven by high fossil fuel prices.

Today HSBC reported doubling its quarterly profits to £4.3bn for the end of 2022. The big five banks – Barclays, HSBC, Lloyds TSB, NatWest and Standard Chartered – look set to post profits of £37.4bn as they reveal their earnings for 2022. These are the highest since the 2008 crash and are coming straight from households and small businesses in the form of higher mortgage payments, and increased rates on loans. Banks are also set to receive £150bn in the next six years from the Bank of England paying interest on the risk-free reserves banks hold with the central bank, an average of £25bn a year essentially just for sitting on cash.

The scale of this transfer from the public to banks is especially difficult to justify at a time when most workers are barely able to cover the essentials, and public services are facing even more cuts. And it’s not as if the banks are passing these interest rate hikes on to savers; they are hoarding them, and paying out huge bonuses after the government removed the bonus cap. Last week Barclays reported £1.8bn was paid out in bonuses, from a total of £7bn profit, and NatWest profits increased by a third to £5.1bn.

https://www.theguardian.com/commentisfree/2023/feb/21/banks-record-profits-windfall-tax

#Banksters #Finance #Capitalism #Profits #HSBC #BankofEngland #Barclays #InterestRates #Theft #NatWest #Lloyds #StandardChartered

Stock #buybacks reached £55.5bn in the #UK market last year. #Shell and #BP alone accounted for £22bn. #Lloyds , #NatWest and #Barclays contributed £5.5bn to the buyback pot, chart @FT https://cutt.ly/49MA8fn

@martin surely discounted. Strong expansion of dark fleet tankers which are printing money, according to maritime intel, see also #Lloyds intel on this, mainly behind paywall though.

RT @AvowWrexham: Grants of up to £75,000 are now available for small, local, specialist charities through
@LBFEW. 🐎💷🎁

👉 For more information and to apply: https://t.co/T7ZM23i4m1

Deadline for applications: 17:00, 03/03/23 ⏱️

#grants #funding #lloyds #wales #cymru #england #charities https://t.co/utrf7vjDoh

#juststopoil are highlighting #Barclays as the big #oil supporters, but what about other #highstreet #banks ? I don't have figures, but there are other banks that support such things. #natwest #hsbc #lloyds #santander I'm sure. This article certainly suggests that they are all unethical.
https://www.tinyecohomelife.com/most-ethical-banks-uk

GRIMM OUTLOOL for the future of insurance :( #lloyds #londonbridge )

Will #insurtech investments continue?
https://www.linkedin.com/pulse/insurtech-investments-continue-dogan-kaleli

I guess we have to say goodbye to my good old UK bank account #brexit #lloyds #lloydsbank