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Lloyds Banking Group PLC

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  • UK government to sell more shares in Lloyds bank Wednesday, 17 Dec 2014 | 12:13 PM ET

    LONDON— The British government plans to sell a 3 billion pound chunk of its stake in part-nationalized Lloyds Banking Group, which was bailed out by taxpayers during the 2008 financial crisis. It says sales could begin within days and the plan, overseen by Morgan Stanley, will continue for about six months. Lloyds shares closed 1.5 percent lower at 75.35 pence...

  • 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,...

  • 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...

  • LONDON, Oct 31- The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- one of the banks which analysts had feared might be hit hardest by the new rules-- rose a hefty 7 percent on the news, and shares in Lloyds...

  • UK political risk: The next market storm? Thursday, 30 Oct 2014 | 6:18 AM ET
    Houses of Parliament in London, England.

    The U.K. is facing its most uncertain political future for decades – some argue centuries.

  • Europe closes firmly higher; Sanofi plummets Tuesday, 28 Oct 2014 | 1:09 PM ET

    European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.

  • Lloyds to cut 9,000 jobs as third-quarter profit rises Tuesday, 28 Oct 2014 | 4:13 AM ET

    Taxpayer-backed lender Lloyds has confirmed its plans to cut around 9,000 jobs as it reported its underlying profit rose to £2.1 billion.

  • Europe stress test rally fades after Ifo disappoints Monday, 27 Oct 2014 | 12:38 PM ET

    Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.

  • *Austrian banks, Commerzbank rally as test seen positive. LONDON, Oct 27- Shares in Italy's Monte dei Paschi slumped on Monday after an industry health check found it had the biggest capital hole to fill among European banks. Shares in Monte dei Paschi were down 17 percent at 0910 GMT after the "stress test" showed it still had a 2.1 billion euro capital hole to fill,...

  • LONDON, Oct 27- Euro zone banks led European shares higher on Monday after the results of sector-wide financial health checks painted a brighter picture than many investors had expected. The Euro STOXX banking index rose 1.1 percent after Sunday's European Central Bank review concluded that capital holes identified at the end of last year had since then...

  • LONDON, Oct 26- Some 24 European banks failed a "stress test" of their capital strength conducted by the European Banking Authority. Under the EBA's healthcheck, banks needed to hold common equity of 5.5 percent or more of their risk-weighted assets under a stressed 3- year recession scenario as at the end of 2013. Any bank falling short of that level needs to take...

  • Europe closes higher; earnings in focus Thursday, 23 Oct 2014 | 11:34 AM ET

    European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.

  • Lloyds bank to cut 9,000 jobs: Sources Thursday, 23 Oct 2014 | 1:24 AM ET

    Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.

  • LONDON, Oct 14- Britain's biggest banks have paid out less than 40 percent of the 4 billion pounds set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is one of a number of scandals involving British banks in the past five years and provoked a political and public backlash...

  • Britain's ring-fence a new hurdle for bank directors Sunday, 12 Oct 2014 | 4:00 AM ET

    LONDON/ DUBLIN, Oct 12- Britain's major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes. Britain wants banks such as HSBC, Barclays and the UK arm of Spain's Santander to ring fence their retail units from their wholesale operations,...

  • LONDON, Oct 9- Britain is unlikely to sell any more of its remaining 25 percent stake in Lloyds Banking Group until the bailed-out lender is cleared to pay dividends again, banking and political sources told Reuters. Without regulatory approval to pay dividends, Lloyds shares are not expected to rise to a level that would enable UK Financial Investments, which...

  • ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.

  • Lloyds dismisses 8 staff after rates investigation Monday, 29 Sep 2014 | 6:53 AM ET

    Lloyds Banking Group said it had dismissed eight staff following an investigation into the submission of benchmark interest rates.