Lloyds banking group
990 jobs to go at Lloyd’s
Lloyd's Banking Group announced on Tuesday that almost 1,000 workers will be out of the job as part of a broader cost cutting plan...
Lloyd’s boss turns down bonus
Britain's state-rescued Lloyds Banking Group said Friday that its boss Antonio Horta-Osorio, who returned to work this week after a two-month break due to...
Lloyds : CEO returns after four month ‘fatigue’ leave
Lloyds Banking Group (LBG) will have their CEO back next year, after Antonio Horta-Osorio announced he was fit to return to work.
Mr Horta-Osorio temporarily...
Lloyds Banking Group slumps to heavy loss
Britain's state-rescued Lloyds Banking Group reported a first-half net loss of £2.3 billion (2.6 billion euros, $3.8 billion) after being forced to compensate clients...
Featured /PPI : CC confirms point-of-sale prohibition
The Competition Commission (CC) has confirmed that it will introduce a remedies package based around a point-of-sale prohibition for all forms of payment protection...
British bank Lloyds says it is cutting 650 jobs
Britain's state-controlled Lloyds Banking Group said Wednesday it was cutting another 650 jobs as the company continues to streamline its operations.
"Significant progress has been...
Lloyds to cut almost 600 jobs and to bring back its insurance business in Bristol and Edinburgh
British bank Lloyds said on Thursday it intended to cut nearly 600 jobs in another shake-up at the state-rescued group that has already axed...
Lloyds Banking Group gets 95 per cent take-up for cash call
Lloyds Banking Group said take-up for its record 13.5 billion pound rights issue totalled over 95 percent, drawing a line under a turbulent few...
Bailouts for British banks hit 850 billion pounds
Britain's support for its banks has hit 850 billion pounds in the wake of the global financial crisis, a watchdog report said Friday, amid...
Lloyds Banking Group to cut another 535 jobs
Britain's Lloyds Banking Group is set to cut another 535 jobs after deciding to close a customer support centre in southeast England at the...
Lloyds Banking Group prices record with £13.5 billion rights issue to escape insurance bad debts
Lloyds Banking Group Plc priced its record 13.5 billion pound rights issue at 37p per share, a smaller than expected discount, as it battles...
Lloyds to swap £8.78 billion of bonds to exit from a costly state-backed insurance scheme
Lloyds Banking Group said it had agreed to swap 8.78 billion pounds of bonds as part of a deal aimed at funding its exit...
British bank Lloyds to cut 5,000 jobs
Britain's state-controlled Lloyds Banking Group is to cut 5,000 roles by the end of 2010, it said on Tuesday, confirming earlier media reports.
"LBG is...
Bailout puts £1.5tn on UK debt
An estimated £1.5 trillion will be added to the national debt as a result of the financial crisis, the Office of National Statistics (ONS)...
British government in £40 billion bailout to troubled banks
Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock...
Allianz Commercial opens a new office in Bristol to provide support to small business customers of Lloyds Banking Group
Allianz Commercial has expanded its UK branch network with the opening of a new office in Bristol that will provide dedicated support to the...
Legal & General in talk to cherry-pick troubled assets from Lloyds Banking Group
The real estate arm of insurer Legal & General is in talks to cherry-pick troubled assets from Lloyds Banking Group in deals that could...
Lloyds could have to pay £1 billion to avoid debts insurance
Lloyds Banking Group could have to pay more than £1 billion to avoid taxpayer-backed insurance for its toxic debts, it has been reported.
The bank...
Lloyds could offload its insurance operations
Lloyds Banking Group chief executive Eric Daniels must keep many plates spinning to keep alive his hope of launching a record rights issue, and...
Lloyds Banking Group considering £15 billion rights issue
Part-nationalised British lender Lloyds Banking Group is sounding out investors about a 15 billion pound ($23.81 billion) rights issue to help it avoid a...
