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Stocks Lloyds Banking Group PLC


  • 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...

  • Osborne may sell RBS shares at a loss: Report Sunday, 10 May 2015 | 6:23 AM ET

    The U.K. Chancellor may sell state-owned shares in RBS at a loss as part of plans for an accelerated sale of government holdings in the sector.

  • UK stocks celebrate election results; sterling soars Friday, 8 May 2015 | 12:26 PM ET

    The U.K.'s FTSE 100 saw stellar gains on Friday morning with risk assets buoyed by the expected results from the country's parliamentary election.

  • 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...

  • *Test puts HSBC, Standard Chartered in the spotlight. "By assessing the resilience of the UK banking system against a major external shock we will improve further our ability to identify vulnerabilities and we will ensure that banks have plans in place to address a wider range of possible stresses," BoE Governor Mark Carney said on Monday. That leaves six banks and...

  • TBS takeover brings UK opportunities: Sabadell Friday, 20 Mar 2015 | 8:25 AM ET

    British bank TSB said it had agreed to be taken over by Spanish lender Banco Sabadell in a deal which values the business at $2.5 billion.

  • *Sabadell attracted by UK economic conditions, margin. LONDON/ MADRID, March 20- Spain's Banco Sabadell could look to expand further in Britain after agreeing a 1.7 billion pound takeover of TSB, one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a...

  • LONDON/ MADRID, March 20- British bank TSB has agreed to a 1.7 billion pounds takeover by Spanish lender Banco Sabadell in one of the biggest cross-border banking deals since the financial crisis of 2007-09.. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a significant challenger to Britain's "Big Four" lenders: Barclays, HSBA.L, Royal Bank...

  • LONDON, March 18- Britain will raise at least 9 billion pounds selling shares in Lloyds Banking Group in the coming year as it looks to recover 66 billion pounds of taxpayers' money spent bailing out banks in the financial crisis. Britain spent 20.5 billion pounds rescuing Lloyds during the crisis of 2007-9, leaving it with a 41 percent shareholding.

  • Did the UK just call time on austerity? Wednesday, 18 Mar 2015 | 10:20 AM ET

    The U.K.'s Chancellor of the Exchequer George Osborne outlined plans to soften his government's stance on austerity - just in time for May's election.