Search Results for: Lloyds
UK Government to resume sell-off of its stake in Lloyds Banking Group
December 18th, 2014
The government is to resume the sell-off of its stake in Lloyds Banking Group over the next six months, potentially disposing of a further £3bn worth of shares in the run-up to the general election. Chancellor George Osborne took ...
RBS and Lloyds scrape through BoE stress tests as Co-op fails
December 16th, 2014
Royal Bank of Scotland (RBS) and Lloyds Banking Group scraped through the Bank of England’s stress tests with only Co-op of the eight institutions under scrutiny failing to meet the capital requirements. Although RBS and Lloyds were deemed ‘susceptible ...
Lloyds’ contingency plans could see move to London if Scots vote yes
September 3rd, 2014
Lloyds’contingency plans if Scots vote for independence could include moving its official offices from Edinburgh to London in order to avoid being classed as a Scottish bank. The banking group, which owns Lloyds Bank, Halifax and Bank of Scotland, ...
Osborne accused of obstructing MPs over Co-op and Lloyds Bank deal
August 21st, 2014
George Osborne was accused of unreasonably withholding information on ministers’ meetings with Lloyds and Co-op bankers in a series of confrontational letters published yesterday. He was accused of obstructing MPs trying to work out whether the government pressured bank ...
Lloyds panel review enters final stage with one week until deadline
August 21st, 2014
Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling. Current panel firms Ashurst, Berwin Leighton Paisner (BLP), Clifford Chance, Eversheds and ...
Lloyds Sued by 220 Investors Over HBOS Takeover ‘Folly’
August 7th, 2014
Lloyds Banking Group Plc (LLOY) was sued by 220 investors who said they were misled into supporting a 2008 takeover of HBOS Plc that prompted a 20 billion-pound ($34 billion) bailout from the U.K. government. Britain’s biggest mortgage lender ...
Lloyds Banking Group charged with $370 million fine
July 28th, 2014
Britain’s Lloyds Banking Group (LLOY.L) has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a UK government lending scheme. The settlement ...
Lloyds opts to sell bigger stake in TSB unit
June 20th, 2014
State-backed Lloyds Banking Group PLC has increased the number of shares it is selling in its TSB unit amid strong investor demand. The bank, which was bailed out during the 2008 financial crisis, is now selling 35 percent of ...
U.K. Treasury Raises 4.2 Billion Pounds in Lloyds Share Sale
March 26th, 2014
The U.K. government sold a 4.2 billion-pound ($6.95 billion) stake in Lloyds Banking Group Plc (LLOY), its second disposal since rescuing the lender in the financial crisis. The government sold the shares to money managers for 75.5 pence apiece, ...
European stocks inched higher on Wednesday
December 30th, 2020
European stocks inched higher on Wednesday as UK’s approval of AstraZeneca’s COVID-19 vaccine, bets of more U.S. fiscal aid and large-scale vaccination efforts spurred hopes of a strong recovery in the global economy next year. The pan-European STOXX 600 ...
