Taxpayer must get value for money from Lloyds sale
The Treasury said it hopes the public will be able to participate in the sale of its Lloyds stake, but want to ensure taxpayers get a fair deal after bailing the lender out during the credit crisis.
Lloyds
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Kames Snowden defends CoCo purchase
Kames Capitals Stephen Snowden has made his case for holding on to Contingent Convertible Notes, or CoCo bonds, as those issued by Lloyds in 2009 were nicknamed but his jury is out on the comparable new product by Barclays.
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Lloyds expected to sell more SJP shares
Lloyds Banking Group is expected to further reduce its stake in St Jamess Place, bringing the holding down from roughly 22% to just below 10%.
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barclays Lloyds FCA cpmplaints regulation
Barclays Bank has topped the Financial Conduct Authority’s list of most complained about firms, with Lloyds, Bank of Scotland and Santander UK following closely behind.
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Lloyds reaches light at the end of the tunnel
Lloyds Bank has increased its SME lending by 5% over the past 12 months and has committed £1bn to manufacturing over the past nine months, doing so ahead of its 12 month target.
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Co-op Lloyds deal put on amber light
Regulators warned the Co-op Bank two years ago it needed to strengthen its capital buffers and without doing so its bid to purchase 631 Lloyds branches would run into difficulties, the chief regulator told the Treasury Select Committee (TSC) yesterday.
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Lloyds trumps RBS in minds of the people
The public has more faith in Lloyds Bank than RBS with almost two-thirds stating they would participate in an initial public offering (IPO) in the bank compared to 43% who would do so for RBS.
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rbs least favoured stock in the sector
RBS’s share price fell 4.5% in the first 10 minutes of trading on Friday, despite the announcement of its strongest quarterly performance for a number of years.
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Smiles all around as Lloyds is on the up
The share price of Jupiter and Fidelity favourite Lloyds Banking Group jumped 4% in early trading in London on news the bank had generated profits of £2.05bn in the first quarter of the year.
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govt reshaping banking sector hit by setbacks
The pace of change on the UK high street is such that within hours this morning instead of being owned by another banking group, branches of Lloyds TSB could be made available to Joe Public instead.
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SWIP employees at risk following bid
An £800m bid for Scottish Widows Investment Partners (SWIP) by Ameriprise Financial could see the majority of the company's Edinburgh-based employees laid off if it is accepted, according to reports.
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lloyds sale where sjp goes will swip follow
Just one month after Lloyds Banking Group announced plans to sell a third of its St James’s Place stake the company is considering selling off Scottish Widows Investment Partnership (SWIP), according to reports.