Lloyds
Economics
UK banking stocks drove this morning's FTSE 100 rally, with Barclays, RBS and Lloyds all surging roughly 6% on the news a eurozone debt deal has been reached.
27 October 2011
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Investment
Banks shares extended losses this afternoon as Fitch Ratings downgraded Lloyds and RBS' long-term credit rating from AA- to A and placed Barclays on a negative watch.
13 October 2011
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1 min read
UK
Bank shares have deepened losses after the downgrade of 12 UK financial institutions by Moody's, pushing the FTSE 100 into negative territory.
07 October 2011
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Economics
Tim Tookey, Lloyds' finance director, is to resign from the group to become chief financial officer at Friends Life.
19 September 2011
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Financial services
The final set of recommendations from the Independent Commission on Banking (ICB) has provoked a mixed response from commentators, with some warning the cost of the move could drive up risk taking by the banks, while others welcome the 'safety measures'...
12 September 2011
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4 min read
Wealth managers
Banks led markets sharply lower in early trading but their shares have now stabilised as markets digest the long-awaited Independent Commission on Banking report.
12 September 2011
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1 min read
Wealth managers
The final report from the Independent Commission on Banking has recommended UK banks' retail and wholesale arms be split off, and said the 7% capital buffers required under Basel III do not go far enough.
12 September 2011
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2 min read
Equities
National Australia Bank is in talks with NBNK, the challenger bank run by former Northern Rock's former chief executive Gary Hoffman, over a merger of its UK operations as part of a bid for the 632 branches being sold by Lloyds Banking Group, plus other...
06 September 2011
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Economics
The FTSE 100 is extending early losses after data from the vital UK services sector showed the largest decline in activity in a decade.
05 September 2011
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1 min read
