Posted by Reuters: Business News on August 4, 2011
LONDON (Reuters) – Compensating customers who were mis-sold insurance pushed Lloyds 3.25 billion pounds ($5.3 billion) into the red in the first half but the loss was broadly as expected and the British bank reiterated its full-year guidance.
Posted by Reuters: Business News on June 30, 2011
LONDON (Reuters) – Lloyds is to cut 15,000 jobs and halve its international presence under a radical overhaul by its new chief executive aimed at returning the part-nationalized British bank back to health.
Posted by Reuters: Business News on April 23, 2010
NEW YORK (Reuters) – Goldman Sachs Group Inc was involved as an underwriter and an investor in Lloyds Banking Group Plc’s 23.5 billion pound (US$36.1 billion) refinancing in late 2009, the Financial Times said on Thursday, citing four people involved in the capital raising.
Posted by Reuters: Business News on March 19, 2010
NEW YORK (Reuters) – Stock index futures were little changed on Friday, with bank stocks in focus after bailed-out British lender Lloyds Banking Group Plc said it would return to profitability in 2010.
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stock index futures were little changed on Friday, with bank stocks in focus after bailed-out British lender Lloyds Banking Group Plc said it would return to profitability in 2010.
Posted by Reuters: Business News on December 14, 2009
LONDON (Reuters) – Lloyds completed a record 13.5 billion pound ($21.9 billion) rights issue on Monday, ending a turbulent period for the bank and shifting investor focus to a potential government stake sale in 2010.
Posted by Reuters: Business News on November 27, 2009
BIRMINGHAM, England (Reuters) – UK bank Lloyds’ army of small investors grilled executives for over three hours on Thursday over secret central bank loans and mistakes made during the crisis, but agreed to back a record-breaking rights issue.
Posted by Reuters: Business News on November 10, 2009
LONDON (Reuters) – Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.
Posted by Reuters: Business News on November 3, 2009
LONDON (Reuters) – Britain’s two largest retail lenders have agreed to a massive shake-up of the banking sector that will see both sell hundreds of branches and key businesses to appease EU concerns over state aid and competition.
Posted by Reuters: Business News on
LONDON (Reuters) – Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
