Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England.» Read More
LONDON, Sept 9- At the heart of the debate about whether or not Scotland can prosper as an independent country, ahead of a vote on Sept. 18, is the issue of what would happen to its financial services industry.
Scottish independence: The new worry for equities. It has driven the pound down against the dollar.
European shares closed lower on Monday, with the decline led by the U.K.'s FTSE 100 after weak trade data from China.
*Sterling drops, shares fall, banks brace for Scotland vote. The survey prompted concern bordering on panic among Britain's ruling elite, with Prime Minister David Cameron's Conservative-led government promising proposals this week to grant Scotland greater autonomy if it stays.
NEW YORK, Sept 8- U.S. stock index futures are slightly lower on Monday, with investors finding few reasons to extend a long-running rally that has taken indexes to repeated records amid overseas concerns and few domestic catalysts.
Uncertainty regarding the result of this month's Scottish independence referendum has weighed on the British pound.
LONDON, Sept 2- Lloyds Banking Group is considering having its registered office in London rather than Edinburgh should Scots vote for independence, banking industry sources told Reuters.
LONDON, Aug 31- British newspapers reported the following business stories on Sunday. GlaxoSmithKline is facing a shareholder revolt over plans to shake up its board, with leading investors calling for the speedy departure of Chairman Christopher Gent.
Take-up of the Bank of England's Funding for Lending scheme is still negative, despite billions lent to banks.
*SABMiller shares down 2 pct; Rio Tinto shares flat. LONDON, Aug 6- Jan du Plessis is set to become chairman of two big global companies at the same time when he takes over the role at brewer SABMiller Plc next year in addition to his current position at Rio Tinto.
European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.
Lloyds Bank said it will ask to restart dividend payments at a "modest" level after reporting a one-third jump in underlying profit
LONDON, July 30- Britain's Serious Fraud Office is examining material that might trigger a criminal investigation into former and current staff at Lloyds Banking Group, the partly state-owned bank, sources said on Wednesday. The SFO simply said it worked closely with UK and overseas agencies.
U.K. authorities have announced plans to hit misbehaving bankers in the pocket, and could potentially demand the repayment of seven-year-old bonuses.
The ties between Britain’s banks and its economy have always been close, but they seem to have become even tighter in the post-banking bailout era.
*Fined 105 mln stg by UK Financial Conduct Authority. *Bank of England says Lloyds behavior' clearly unlawful'.
*FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks edged lower on Monday, with unspectacular U.S. data and new European sanctions against Moscow offsetting strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser.
Lloyds Banking Group agreed to pay fines totaling $370 million to the U.S. and British as part of an interest rate rigging scandal.
Airline insurers are reviewing cover for aircraft involved in hostile acts as the industry faces its most expensive year since the 9/11 attacks.
Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.