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Lloyds Banking Group PLC

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  • UK Banks Need to Raise $38 Billion: Bank of England Wednesday, 27 Mar 2013 | 6:25 AM ET
    The Bank of England

    U.K. banks will be need to raise an extra 25 billion pounds ($38 billion), the Bank of England's Financial Policy Committee (FPC) said on Wednesday, detailing the capital shortfall facing the country's financial institutions.

  • Europe Shares Close Down Ahead of Cyprus Vote Tuesday, 19 Mar 2013 | 12:33 PM ET

    European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.

  • Europe Shares Slip as Banks and Miners Fall Friday, 1 Mar 2013 | 11:33 AM ET

    European shares edged lower on Friday, impacted by weaker bank and mining stocks, and traders expected equities to stay trapped in a tight range this month.

  • Lloyds Hit by Further PPI Charges, Reports Loss Friday, 1 Mar 2013 | 2:15 AM ET

    British bank Lloyds made a loss last year after setting aside a further 1.9 billion pounds ($2.9 billion) to compensate customers mis-sold payment protection products and planned to give its chief executive a 1.5 million pound bonus.

  • Europe Shares Get UK Bank Boost; Barclays Leads Tuesday, 12 Feb 2013 | 9:48 AM ET

    UK banks led European shares higher on Tuesday after Britain's third biggest lender, Barclays, unveiled swingeing cost cuts and a strategic overhaul.

  • Royal Bank of Scotland Hit by $612 Million Libor Fine Wednesday, 6 Feb 2013 | 10:55 AM ET

    Royal Bank of Scotland will be punished for its role in the global interest-rate rigging scandal with fines amounting to $612 million, the British bank said on Wednesday.

  • CFTC Commissioner Bart Chilton

    Banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday.

  • Lloyds Chairman Sees 2012 Bonus Pool Down on Year Tuesday, 5 Feb 2013 | 1:31 AM ET

    Lloyds Banking Group is likely to pay its staff less in bonuses for 2012 than the year before and will "undoubtedly" pay out less than the other major British banks, its chairman said on Wednesday.

  • Political Jitters Trigger European Shares Slide Monday, 4 Feb 2013 | 9:34 AM ET

    European shares suffered steep falls on Monday as mounting political uncertainty in the peripheral euro zone prompted investors to lock in profits on indexes trading close to multi-year highs.

  • UK to Separate Retail Banks From City Traders Monday, 4 Feb 2013 | 5:00 AM ET

    U.K. Chancellor George Osborne said on Monday that banks in Britain will have to separate retail banking from riskier investment banking activities.

  • UK Sets Out New Law to Break Up Errant Banks Sunday, 3 Feb 2013 | 10:27 PM ET

    British banks that fail to guard their day-to-day banking from risky investment activities will face being dismantled, finance minister George Osborne is set to say later on Monday.

  • Credit Suisse Could Owe $2 Billion Over Fraud: Judge Monday, 28 Jan 2013 | 1:12 AM ET

    Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge's determination on how to apportion responsibility.

  • Moody's Warns European Banks Need More Cash Thursday, 24 Jan 2013 | 8:20 AM ET
    European Central Bank

    Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody's said on Thursday, meaning European taxpayers may again be tapped for cash.

  • Telecoms Rally Helps European Shares Hit Fresh Highs Wednesday, 9 Jan 2013 | 9:32 AM ET

    Rallying telecom stocks and a bullish start to the new earnings season propelled Europe's top shares to fresh 22-month closing highs.

  • How Retail Banks Are Shrinking Wednesday, 9 Jan 2013 | 7:16 AM ET

    Investment banking has been the focus of much of the recent news in the financial universe, with politicians urging banks to refocus on their traditional retail operations.

  • The Curious Case of Europe's Shrinking Banks Friday, 4 Jan 2013 | 6:46 AM ET

    Europe's largest financial institutions, which have been readjusting since the onset of the 2008 financial crash and the sovereign debt crisis that followed, are causing pain all over the globe that will have long term implications, according to analysts. They argue that the situation will only worsen without the proposed European banking union.

  • European Shares Close Lower; Banks Weak Friday, 21 Dec 2012 | 11:34 AM ET

    European shares closed lower on Friday as U.S. politicians continued to wrangle over averting the "fiscal cliff" — a series of tax increases and spending cuts that are set to kick in at the start of next year and could threaten the U.S. economy.

  • Bank Lending to UK Property Market Hits Post-Lehman Low Thursday, 13 Dec 2012 | 8:42 PM ET

    Bank lending to Britain's property market is at its tightest since the collapse of U.S. investment bank Lehman Brothers, a report showed on Friday.

  • StanChart to Pay $327 Million in Sanctions Case Monday, 10 Dec 2012 | 6:29 PM ET

    StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.

  • Lloyds Bank to Outperform Its Peers     Friday, 23 Nov 2012 | 3:01 AM ET

    Manoj Ladwa, head of trading at TJ Markets explains why he has turned bullish on Lloyds Bank.