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Lloyds Banking Group PLC

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  • LONDON— TSB, Britain's seventh largest bank, has accepted a 1.7 billion-pound cash offer from Spain's Banco Sabadell. The bank was spun off as part of the 20- billion pound recovery plan to bail out Lloyds Banking Group from the 2008 financial crisis. Barcelona- based Sabadell said it was attracted by a U.K. banking market with "a well-defined and stable regulatory...

  • *Sabadell attracted by UK economic conditions, margin. LONDON/ MADRID, March 20- Spain's Banco Sabadell could look to expand further in Britain after agreeing a 1.7 billion pound takeover of TSB, one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a...

  • LONDON/ MADRID, March 20- British bank TSB has agreed to a 1.7 billion pounds takeover by Spanish lender Banco Sabadell in one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a significant challenger to Britain's "Big Four" lenders: Barclays, HSBA.L, Royal Bank...

  • LONDON, March 18- Britain will raise at least 9 billion pounds selling shares in Lloyds Banking Group in the coming year as it looks to recover 66 billion pounds of taxpayers' money spent bailing out banks in the financial crisis. Britain spent 20.5 billion pounds rescuing Lloyds during the crisis of 2007-9, leaving it with a 41 percent shareholding.

  • WASHINGTON/ LONDON, March 17- The British units of foreign banks could be required by UK regulators to submit to annual health exams for the first time, banking and industry sources said, potentially bringing Britain's policies into line with those of the U.S. The UK's Prudential Regulation Authority has recently started asking foreign banks to submit data, the...

  • *Offer values TSB at 340 pence per share. LONDON, March 12- British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion and sending its shares soaring by nearly a quarter. Sabadell, Spain's fifth-biggest bank, has made a proposal of 340 pence in cash for each TSB share, subject to reaching agreement on...

  • *Airbus surges after posting sharp rise in operating profits. PARIS, Feb 27- European shares dipped on Friday morning, pausing after their best start to the year since regional benchmarks began in late 1986, while Airbus rallied after posting a sharp rise in operating earnings. Shares in Airbus were up 6.1 percent, representing a gain in market value of 2.5...

  • Lloyds to pay first post-crisis dividend Friday, 27 Feb 2015 | 3:41 AM ET

    Lloyds Banking Group will pay a dividend of 0.75p per share to investors, after reporting a better-than-expected rise in profit.

  • LONDON, Feb 4- Thousands of bond, currency and commodities traders in London should have to pass an exam and obtain a new qualification to trade as part of attempts to raise standards, Britain's bank lobby group said on Wednesday. "This is a once in a generation chance to clean up financial markets-- we must seize it," BBA Chairman Anthony Browne said in the group's...

  • WILMSLOW, England, Feb 2-' The branch is the bank' sounds like a slogan from before digital technology was seen as the future of banking. But that mantra has enabled Sweden's Handelsbanken to expand in Britain at an unprecedented rate since the financial crisis of 2007 to 2009.. Handelsbanken has drawn upon the practices it adopted in its home market in the 1970 s...

  • Wanted: Asia-focused banker for StanChart's top spot Wednesday, 28 Jan 2015 | 5:34 AM ET

    HONG KONG, Jan 28- Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters. The list of potential candidates is wide and includes Piyush Gupta, CEO of Singapore- based DBS, outgoing Westpac CEO Gail Kelly,...

  • The keenest online bankers may surprise you Monday, 26 Jan 2015 | 7:18 AM ET

    Older people might be more technology savvy than you thought—at least when it comes to banking.

  • Lloyds Bank seeks key ringfencing rule exemption Tuesday, 6 Jan 2015 | 2:19 AM ET

    Lloyds Banking Group is seeking an exemption to one of the key measures of the UK's new ringfencing regime.

  • Co-op Bank fails stress tests: Lloyds dividend threat Tuesday, 16 Dec 2014 | 8:05 AM ET

    Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England.

  • LONDON, Nov 25- Scott Wotherspoon runs a small tiling firm in Scotland. The 43- year-old borrowed about $4 million from Royal Bank of Scotland. He thinks he is due compensation for mis-selling, like thousands of other businesses that Britain's financial watchdog has ruled are eligible.

  • RBS admits to data error in European stress test Saturday, 22 Nov 2014 | 8:33 AM ET

    Royal Bank of Scotland admitted it submitted erroneous data for European bank stress tests in October and had in fact only just scraped through.

  • *RBS had core capital of 5.7 pct in EBA test. LONDON, Nov 21- Royal Bank of Scotland admitted on Friday it submitted erroneous data for European bank stress tests in October and had in fact only just scraped through, calling into question whether it can pass a tougher British test. The revised result means that RBS, which is 80 percent- owned by the British government,...

  • M&A banker? Here’s where you’ll get the top salary Thursday, 13 Nov 2014 | 9:23 AM ET

    Aspiring M&A bankers hoping to bank the bucks should angle for a job at Credit Suisse or Deutsche Bank, according to a salary benchmarking site.

  • Global banks entering higher-stake phase of forex probes Wednesday, 12 Nov 2014 | 7:36 PM ET

    WASHINGTON/ NEW YORK, Nov 12- The $4.3 billion in civil settlements struck Wednesday between six global banks and U.S. and U.K. authorities over foreign exchange market manipulation sets the stage for negotiations over related ongoing probes that could bear much more severe consequences. Citigroup, UBS, HSBC, Royal Bank of Scotland, JPMorgan Chase& Co and Bank of...

  • Want a top salary? Head up a UK or German bank Tuesday, 11 Nov 2014 | 2:55 AM ET
    Anshu Jain, co-CEO of Deutsche Bank, was Europe's best-paid banking executive in 2013

    Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.