Senior credit analyst. Pleasure to have you on the first day of may and a big day for bank earnings. We have been hearing from a series of banks so far this year. Would you say lloyd is the best performer . If you look at the result its indeed quite song and its at the underlying level and theyre super bullish for the year. It will top the 55 day were talking about and the capital looks very strong. In the stu. K. It looks like the First Quarter results. Could we see it given the mixed set of data on the Housing Market in the u. K. . Its a distinct possibility and thats why when the banks say we have a very common equity one ratio then think about the possibility of moving to the standard requirement for the mortgage, the floor and then we could see this common equity one coming down quite significantly. Lets also switch focus to rbs. Its still seeing a sizable restructuring and litigation expenses. Is this a foreseeable head wind for the company . Yes. They have been guiding for restr
S p up by just under 2 points. In Global Market headlines, chinas Manufacturing Sector strengthened further. Mixed signals in important areas, including export orders suggest that any recovery will be gradual. Take a look at what happened overnight in asia. Youll see that shanghai and hang seng were barely higher. The nikkei was down by 0. 8 . The big news out of europe this morning, royal bank of scotland, rbs announcing it will move 61 billion of toxic assets into an internal bad bank. The early european trading this morning, youve got some red arrows. But thats only down by about 16 points. Well see what happens as we get further into the trading day. Well have more from Ross Westgate in just a few minutes. Andrew, over the to you. Thank you, becky. We have Corporate News this morning, as well. Aigs corporate earnings top wall street. Some analysts were looking for better results in the companys consumer line business. The ceo was on the closing bell yesterday talking about the econ