The U.K. economy is going to be back to its pre-recession peak this summer, three months earlier than expected.» Read More
LONDON, March 11- British oil company BP said none of its currency traders had engaged in inappropriate trading activity, after a media report alleged one of them had received information from a dealer at Lloyds Banking Group.
LONDON, March 6- Royal Dutch Shell Plc has become the second oil heavyweight to urge Scotland to stay in the United Kingdom, a new setback for the campaign for Scottish independence.
*Barclays CEO Jenkins could get 7.2 mln stg. *Barclays says 57 pct of its 1 mln stg club work in U.S. LONDON, March 5- Barclays paid almost 500 staff more than 1 million pounds last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.
LONDON, March 3- British manufacturing strengthened last month and mortgage approvals hit their highest level in January since November 2007, data showed on Monday, underlining the momentum behind the country's economic recovery.
*Job cuts include planned Citizens sale, UK branch sales. LONDON, Feb 21- Royal Bank of Scotland is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said on Friday.
*Job cuts include planned Citizens sale, UK branch sales. LONDON, Feb 21- Royal Bank of Scotland is to shrink its investment banking and international operations in a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said.
Malpractice continues in the banking world and "bag eggs" remain, warned Bill Winters, former JPMorgan executive.
European stocks closed lower on Thursday, failing to build on a six-session rally, with investor sentiment curbed by earnings releases.
State-backed bank reports a statutory profit of £415 million ($689 million) for 2013 compared with last year's £606 million loss.
LONDON, Feb 13- State-backed Lloyds Banking Group said it was ready to return to private ownership after reporting a pretax profit for the first time in three years.
LONDON, Feb 13- State-backed Lloyds Banking Group paid 395 million pounds in bonuses last year, up 8 percent on the year before as it returned to profit for the first time since it was rescued by British taxpayers six years ago. Lloyds has more retail banking customers than any other bank in Britain, but needed a 20 billion pound bailout in the financial crisis.
CNBC's Helia Ebrahimi joins the Squawk Box team to comment on Lloyds Bank's results and highlights that the group¿s underlying numbers continue to be impacted by PPI provisions.
NEW YORK, Feb 5- Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, according to a source familiar with the matter.
LONDON, Feb 5- The global head of foreign exchange at Citigroup, the world's second largest currency trader, is leaving the bank, according to an internal bank memo seen by Reuters on Wednesday.
LONDON, Feb 3- European stocks edged higher on Monday, led by low-cost airline Ryanair after an upbeat quarterly update, although weak results in the banking sector and ongoing jitters in emerging markets kept a lid on investor appetite.
Lloyds Banking Group has moved closer to repaying the U.K. taxpayer's investment in it after reporting better-than-expected profits for 2013.
Britain's financial watchdog fined State Street U.K. 22.9 million pounds ($38 million) for deliberately overcharging its clients.
U.K. companies' legal liabilities soared 12 percent in 2013, driven by the hefty fines slapped on banks, new analysis shows.
The European Commission has outlined plans to crack down on banks' risky trading activities in an effort to put an end to lenders deemed "too big to fail."
January lived up to its reputation as being the leanest month Tuesday as several of London's major financial institutions announced swinging cutbacks.