Lloyds Banking Group PLC


  • LONDON— London- based Lloyds Banking Group passed a milestone Friday in its recovery from the financial crisis, reporting an annual profit and announcing plans to pay a dividend for the first time since it was rescued by British taxpayers. "This is a symbolic development that bears testament to our successful transformation and improved risk profile of the...

  • *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...

  • LONDON— Britain's government has cut its stake in Lloyds Banking Group by another 1 percent, recouping about 500 million pounds for taxpayers who rescued the bank at the height of the financial crisis. Chancellor George Osborne announced the sale Monday, updating plans for reducing the government's stake that were announced in December.

  • 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,...

  • 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.

  • Bank of England sets out tougher leverage rules Friday, 31 Oct 2014 | 11:37 AM ET
    Businessmen pass red buses outside the Bank of England in London.

    British lenders may have to hold more capital to guard against risks of bad loans and other losses.

  • 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,...