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Lloyds Banking Group PLC

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  • *Britain to start selling shares in the coming months. LONDON, June 11- Shares in Royal Bank of Scotland rose after Britain's Conservative government said it would start selling its 32- billion pound stake at a loss, a decision criticized by the opposition Labor party. Osborne had previously said he would "need a lot of persuading" to sell the bank at a loss but...

  • *Britain to start selling shares in the coming months. LONDON, June 11- Shares in Royal Bank of Scotland rose after Britain's Conservative government said it would start selling its 32- billion pound stake at a loss, a decision criticised by the opposition Labour party. Osborne had previously said he would "need a lot of persuading" to sell the bank at a loss but...

  • LONDON, June 11- Shares in Royal Bank of Scotland rose on Thursday after Britain's Finance Minister George Osborne said the government would start selling its 32 billion pound stake in the bank. Analysts said there would be significant interest from institutional investors willing to overlook ongoing issues relating to past misconduct at RBS and...

  • *Osborne says sale right thing to do for UK taxpayers. LONDON, June 10- Britain will start selling its 32 billion-pound stake in Royal Bank of Scotland in the coming months, finance minister George Osborne said on Wednesday, giving up on his previous intention to only sell the shares for a profit. Osborne said he had received independent advice from the Bank of...

  • LONDON, June 5- Britain could make an initial sale of shares in Royal Bank of Scotland in September to avoid clashing with the full privatisation of Lloyds Banking Group next March, banking and political sources said. RBS was rescued by the government during the 2007-9 financial crisis at a cost of 45 billion pounds to taxpayers, leaving Britain with an 80 percent...

  • *First sale could raise up to 5 bln stg- bankers. LONDON, June 5- Britain may accelerate plans to start selling shares in Royal Bank of Scotland to avoid a sale clashing with the full privatisation of Lloyds Banking Group in March next year, banking and political sources said. RBS was rescued by the government during the 2007-9 financial crisis at a cost of 45.2...

  • LONDON, June 4- Britain will sell its 30 percent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds, as it renews its drive to wipe out the budget deficit, finance minister George Osborne said on Thursday. The sale of the government's remaining stake in Royal Mail will mark the final stage in one of Britain's most high-profile...

  • LONDON, May 20- British finance minister George Osborne will set out plans on Wednesday to streamline the sale of 23 billion pounds of bank shares and other publicly owned assets by creating a new government-run company. In a speech to business leaders in London, Osborne will highlight the plan as part of a drive to improve Britain's low productivity- which he...

  • EDINBURGH, May 14- State-backed Lloyds Banking Group could be returned to full private ownership in the next 12 months, its Chairman Norman Blackwell told reporters. The government, which pumped 20 billion pounds into the bank to bail it out during the 2007-9 financial crisis, has already reduced its stake to under 20 percent from 41 percent.

  • WASHINGTON/ NEW YORK, May 14- Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy. After years of being frozen out of the global banking system and...

  • European shares rallied on Friday after the U.K. election outcome and a U.S. jobs report that showed economic growth but not enough to warrant a rate rise immediately.

  • *NAB plans to list Clydesdale Bank by end of year. SYDNEY/ LONDON, May 7- National Australia Bank plans to raise $4.4 billion from investors after being told by Britain's financial regulator to provide $2.6 billion in capital support to its UK business before a planned demerger. NAB said on Thursday it will sell between 20 to 30 percent of its British business, which...

  • *HSBC, Standard Chartered fear further tax hike. LONDON, May 6- Lack of a clear winner in Britain's national election on Thursday is likely to impact the appetite of businesses to borrow, senior bankers told Reuters. Both the Conservative Party, which has led a coalition government with the Liberal Democrats for the past five years, and the opposition Labour Party...

  • FTSE 100 ends higher; Lloyds closes up 5% Friday, 1 May 2015 | 11:31 AM ET

    U.K. equities closed higher on Friday, with the majority of European markets and many international markets closed for the Labor Day holiday.

  • Lloyds pre-tax profit slips on TSB loss Friday, 1 May 2015 | 2:54 AM ET

    Lloyds reported an 11 percent fall in statutory profits to £1.2 bn for the first quarter, after booking a £660 million charge on the sale of TSB.

  • Greece reforms still lack substance: Official Thursday, 30 Apr 2015 | 6:08 AM ET
    Pedestrians shelter from the rain as they wait for a tram in central Athens, Greece.

    A euro zone official told CNBC Thursday that reports of an imminent deal between Greece and its lenders over reforms were misplaced.

  • British lender TSB's Q1 profit rises Wednesday, 29 Apr 2015 | 3:14 AM ET

    New British lender TSB Banking Group's first-quarter profit more than doubled from the fourth quarter, boosted by increased lending.

  • HSBC Chair: Hong Kong 'interesting' as new HQ Friday, 24 Apr 2015 | 1:02 PM ET
    Pedestrians pass a HSBC bank branch in London, U.K.

    HSBC Chairman Douglas Flint told CNBC that relocating the bank's headquarters back to Hong Kong "would be potentially interesting" on Friday.

  • FACTBOX-Britain's biggest corporate losses Wednesday, 22 Apr 2015 | 6:41 AM ET

    ROYAL BANK OF SCOTLAND, Feb. 2009-- At the height of the financial crisis, RBS said a record loss of 24.1 billion pounds reflected a 16.2 billion pound writedown against acquisitions, including its takeover of parts of Dutch rival ABN Amro in 2007, plus a further 7.9 billion pounds in operating losses. VODAFONE GROUP, May 2006-- Mobile phone operator Vodafone...

  • LONDON, April 19- British finance minister George Osborne said on Sunday that he intends to sell billions of pounds of government shares in Lloyds Banking Group to small investors if his Conservative Party wins the May 7 election. The move harks back to the privatisation of Britain's state telecoms and gas monopolies in the 1980 s under former Prime Minister...