The Bank of England will examine barring executives over the 2008 near-collapse of HBOS, the mortgage lender.» Read More
LONDON, Oct 5- Britain's finance ministry said it will sell at least 2 billion pounds worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full private ownership. The sale is set to be the biggest privatization in Britain since the 1980 s, when Margaret Thatcher's government sold 3.9 billion pounds worth of...
LONDON, Sept 23- A former trader at Lloyds Banking Group who was among eight people dismissed after the bank's settlement for alleged manipulation of Libor interest rates is suing the bank for unfair dismissal, a court document showed. The hearing for John Argent will start on Oct. 5, according to a schedule for a London employment tribunal released on Wednesday.
LONDON, Sept 23- A former trader at Lloyds Banking Group who was among eight people dismissed after the bank's settlement for alleged manipulation of Libor interest rates is suing the bank for unfair dismissal, according to a court document. The hearing for John Argent will start on Oct. 5, a schedule for a London employment tribunal released on Wednesday said.
European stock markets faced severe selling on Friday, with major markets crashing in excess of 2.5 percent.
European equities closed largely higher on Monday, despite the Greek stock exchange finishing its first day back after a five-week absence more than 16 percent lower.
European equities closed higher on Friday after a choppy end to trading in July, as investors eyed key earnings and data from the U.S., and slipping commodity prices.
Lloyds Banking Group reported a 15 percent jump in pre-tax profit for the first half of 2015 to £4.4 billion ($6.9 billion) on Friday.
Bank of Ireland, which was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts were reduced.
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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.
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.
U.K. equities closed higher on Friday, with the majority of European markets and many international markets closed for the Labor Day holiday.
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.
A euro zone official told CNBC Thursday that reports of an imminent deal between Greece and its lenders over reforms were misplaced.
New British lender TSB Banking Group's first-quarter profit more than doubled from the fourth quarter, boosted by increased lending.
HSBC Chairman Douglas Flint told CNBC that relocating the bank's headquarters back to Hong Kong "would be potentially interesting" on Friday.
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.
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.
European equities closed flat on Thursday, as investors reacted to earnings and banking news.