Chinese state-backed investors are eying a stake in a U.K. bank, and have hired lawyers in London to examine their options, sources told CNBC.» Read More
Paul Pester, CEO of TSB, says TSB is different from Lloyds, as all its savings will be used to "support the local economy", and discusses the possibility of a sale or listing.
European shares closed higher on Thursday, after both the European Central Bank (ECB) and the Bank of England (BoE) voted to maintain ultra-loose monetary policy.
LONDON, Sept 3- Shares in other telecoms companies, stocks with high dividends and firms eyeing share sales may all get a boost when UK- focused fund managers redeploy cash from Vodafone's sale of Verizon Wireless.
Helia Ebrahimi, CNBC's UK business editor takes a look at Lloyds banking group and how easy it will be for the government to sell.
Olly Burrows, senior banks analyst at Rabobank, tells CNBC that Lloyds has always been a safe bet and they are doing remarkably well.
Henry M. Paulson Jr. on bonuses during the 2008 financial crisis: “There was such a total lack of awareness from the firms that paid big bonuses during this extraordinary time.”
Banks in the euro zone could offer the best returns, says David Herro, Morningstar's international fund manager of the decade.
LONDON, Aug 21- British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for around 300 million euros, raising hopes that the state-rescured bank is moving closer to restoring its dividend.
All five of the U.K.'s biggest banks posted profits for the first half of 2013, but a report on Monday warned that banks and regulators may be too focused on combating the wrongs of the past to take heed of future threats.
DUBAI, Aug 13- Barclays Plc is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.
António Horta-Osório, CEO of Lloyds Banking Group, said he aims to start paying out up to 70 percent of the bank's earnings in dividends within three years.
ShaNew Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.
LONDON, Aug 2- New Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank. McEwan, 56, had been tipped to take the reins after predecessor Stephen Hester was ousted by the government in June.
*To earn 1 mln stg/ yr, turns down bonus for 2013 and 2014. LONDON, Aug 2- New Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday and immediately tasked with recovering British taxpayers' cash from one of the biggest casualties of the credit crunch.
Singapore sovereign wealth fund GIC said it believes the western banking industry is healing and it has the capacity to invest more in the financial sector.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
*Britain expected to start selling 39 pct stake soon. LONDON, Aug 1- Britain could soon start selling its stake in Lloyds Banking Group after the country's largest retail bank accelerated a turnaround and flagged a return to payouts for shareholders.
Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
U.K. bank Lloyds returned to profit in the first half of the year and indicated that it wouldn't be following in the footsteps of rival Barclays by issuing equity to meet capital requirements set by regulators.