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Lloyds Banking Group PLC

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  • Shares in Barclays, Lloyds Banking Group and Royal Bank of Scotland rise as much as 2.5 percent after Liberum Capital upgrades its rating on all three lenders in a note on the UK banking sector, citing reduced tail risks for UK banks leading to lower cost of equity.

  • *Liberum Capital raises Barclays PLC Lloyds Banking Group. and Royal Bank of Scotland to buy. Reuters Station users, click. 1580.

  • HSBC Braced For Huge US Penalty Wednesday, 11 Jul 2012 | 7:42 PM ET
    A sign featuring the logo of the banking giant HSBC hangs outside a branch on December 11, 2003 in Hong Kong. The London-based bank, which operates in 79 countries, gave an upbeat tone for the global economy March 1, 2004 including its key Hong Kong market by reporting a record annual pre-tax profit of ?7.7bn ($14.4). (

    HSBC is to apologize to US lawmakers for failing to have appropriate controls in place to ensure it did not facilitate the financing of terrorism and other criminal activities, transgressions that analysts estimate may cost it up to $1 billion in fines.The FT reports.

  • An international response is needed to the issue of the manipulation of the Libor to ensure that cartel behavior is not possible, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee, told CNBC on Friday.

  • Future Advance After EU Summit Agreement Friday, 29 Jun 2012 | 8:42 AM ET

    U.S. stock index futures jumped Friday after European leaders unexpectedly agreed to take action to bring down Italy and Spain’s borrowing costs and create a single banking supervisory body.

  • Bob Diamond

    Bob Diamond, chief executive of Barclays, has “very serious questions” to answer about the growing scandal around attempts to manipulate the London Interbank Offered Rate (Libor), UK Chancellor George Osborne said Thursday.

  • Bank Chiefs Enjoy Double-Digit Pay Rises Sunday, 24 Jun 2012 | 9:41 PM ET
    Dimon said the bank will probably seek to claw back pay from executives responsible for $2 billion in trading losses.

    Top U.S. and European bankers, including JPMorgan Chase’s Jamie Dimon and Citigroup’s Vikram Pandit, have enjoyed double-digit annual pay rises averaging almost 12 percent, despite widespread falls in profits and share prices, FT research shows.

  • RBS CEO Called on to Reject $1.5 Million Bonus Friday, 27 Jan 2012 | 3:35 AM ET
    The Royal Bank of Scotland Headquarters

    As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.

  • How a Break-Up of the Euro Zone Could Crush the UK Wednesday, 7 Dec 2011 | 3:03 AM ET
    Big Ben

    A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.

  • Europe's Banks Make Mockery of New Capital Rules Wednesday, 9 Nov 2011 | 4:42 PM ET

    I had been wondering how on earth European banks were going to be able to raise enough capital to meet new regulatory requirements.

  • White Knuckle Investments: How to Trade UK Banks Tuesday, 8 Nov 2011 | 7:03 AM ET

    Investors need a strong stomach to invest in UK bank stocks. In recent years they have displayed considerable levels of volatility that cannot be wholly explained by the fundamentals of the individual banks. In fact, bank stocks are now arguably the most effective barometer available to measure risk appetite.

  • UK Banks Fail? Hell Will Freeze Over First: Analysts Wednesday, 12 Oct 2011 | 4:40 AM ET

    Moody’s downgrade of 12 British banks last week is irrelevant to the current  state of the UK banking sector, analysts told CNBC.com, adding that hell has a better chance of freezing than any British bank failing.

  • Some of Britain’s biggest banks have begun quietly ridding themselves of billions of pounds of assets they have found difficult to sell following the financial crisis, moving them off their balance sheets and into staff pension funds, the FT reports.  

  • UK Bank Northern Rock Could Cease to Exist  Friday, 29 Jul 2011 | 6:49 AM ET

    UK bank Northern Rock would cease to exist under proposals submitted to the government by one of the leading contenders to take the bank back into private ownership, it emerged on Thursday.

  • Stocks After the End of QE2 Thursday, 30 Jun 2011 | 9:39 AM ET

    Some time this morning, the New York Federal Reserve will buy $4 billion to $5 billion in Treasuries, completing its $600 billion purchase program.

  • Lloyds Shares Jump 7% as It Confirms 15,000 Job Cuts Thursday, 30 Jun 2011 | 4:19 AM ET

    Shares in Lloyds Banking Group jumped over seven percent to the top of the FTSE 100 Thursday after it confirmed the loss of 15,000 jobs over the next two and a half years.

  • Lloyds Bank Has Largest Exposure to Risky Loans Monday, 27 Jun 2011 | 1:14 AM ET

    Lloyds Banking Group’s exposure to the riskiest kind of mortgages is more than double that of any of its top five rivals in what is potentially a ticking time bomb for Britain’s largest high-street lender, the FT reports.

  • Why US Stocks Are Dropping Now Friday, 24 Jun 2011 | 11:10 AM ET

    It started with Italy — Moody's said it was considering downgrading the creditworthiness of Italian banks.

  • UK May Give Lloyds, RBS Shares to Taxpayers Monday, 16 May 2011 | 7:45 AM ET
    The Royal Bank of Scotland Headquarters

    The British government is considering deleveraging its shares in state-owned banks Lloyds’ Banking Group and Royal Bank of Scotland (RBS) by issuing stock to every taxpayer in the country, it emerged on Monday.

  • UK MPs Want Tougher Scrutiny on Bank Bonuses Tuesday, 26 Apr 2011 | 1:17 AM ET
    Tower Bridge and City of London financial district

    Britain’s banks will argue that they are subject to some of the world’s toughest rules on bonuses and that tougher transparency rules could undermine the UK’s competitiveness. The FT reports.