Lloyds’ Antonio Horta-Osorio has a dig at economists at Institute of Chartered Accountants event October 21, 2014 Antonio Horta-Osorio knows how to play an audience. At last night’s Institute of Chartered Accountants event at KPMG, the Lloyds boss charmed the accountants in the room… by throwing economists to the lions. “Sadly I’m not an accountant myself,” he started “But I’ve never let that hold me back! “To be fair though, it’s probably [...]
Bank of England’s stress test may threaten Lloyds dividend plans October 1, 2014 Lloyds could fail the Bank of England’s stress tests this Autumn and be banned from paying out a dividend this year, analysts at Macquarie warned yesterday. The bank has hiked its capital ratios over the past year and so is not expected to be forced to issue any more bonds or shares to bolster its buffers. [...]
Lloyds kicks out eight staff for fiddling Libor September 29, 2014 LLOYDS fired eight staff yesterday for trying to fiddle key Libor and repo interest rates between 2006 and 2009, after the bank was fined £226m in June over the wrongdoing. It came as UBS admitted it is in settlement talks with regulators around the world over the forex benchmark manipulation scandal, the first such bank [...]
Rate-rigging scandal: Lloyds share price slides as it sacks eight people and holds back £3m of bonuses September 29, 2014 Having paid out £226m to US and UK authorities for various cases of rate-rigging back in July, Lloyds Banking Group has now turned its attentions to its own staff, firing eight and holding back £3m of bonuses. Shares in the bank fell 0.5 per cent in early afternoon trading after it said it "has taken [...]
Lloyds settlement latest example of the shadow regulatory state September 28, 2014 The announced settlement between the American and British authorities and Lloyds Banking Group, in which the bank will pay almost $370m to US and UK authorities, is the latest major fallout from claims that multiple international banks profited by manipulating the London Interbank Offer Rate (Libor), a key financial benchmark embedded in contracts around the [...]
RBS, Lloyds and Standard Life share prices rise as investors get giddy over Scottish No vote September 19, 2014 What a difference a week makes. Just a few days ago, the likes of RBS, Lloyds and Standard Life were all threatening to move south of the border in the event of a no vote, on the grounds that an independent Scotland would be too shaky to operate properly in. But today, investors showed their [...]
Independence referendum: Lloyds, Standard Life and Clydesdale Bank say they’ll quit Scotland if it votes yes September 10, 2014 Lloyds, Standard Life and the Clydesdale Bank are planning to quit Scotland and move their headquarters to London if voters back independence in next week’s referendum, the firms said yesterday. RBS is also planning to move to the City, Treasury sources said. The contingency plans are aimed at reassuring investors they will be able to continue normal [...]
Scottish independence: Lloyds and RBS to move HQ to London if Scots vote Yes September 10, 2014 Lloyds Banking Group will move its official headquarters out of Scotland if the country votes for independence in next week’s referendum. The banking group which owns Lloyds Bank, Halifax and Bank of Scotland largely operate from its London headquarters, however the bank’s registered offices are in Edinburgh. Lloyds confirmed that its contingency plans in the [...]
Scottish independence: Lloyds’ contingency plans could see move to London if Scots vote yes September 3, 2014 Lloyds’contingency plans if Scots vote for independence could include moving its official offices from Edinburgh to London in order to avoid being classed as a Scottish bank. LATEST: Lloyds confirms move from Scotland to London and RBS to follow The banking group, which owns Lloyds Bank, Halifax and Bank of Scotland, has formed contingency plans [...]
George Osborne accused of obstructing MPs over Co-op and Lloyds Bank deal August 20, 2014 George Osborne was accused of unreasonably withholding information on ministers’ meetings with Lloyds and Co-op bankers in a series of confrontational letters published yesterday. He was accused of obstructing MPs trying to work out whether the government pressured bank executives into their ill-fated deal. The chancellor claims ongoing probes prevent him from telling the Treasury [...]