Lloyds TSB Group plc

Bail-out to halt cash dividends of big four banks

Financial Time (Free subscription) | 10/10/2008

Dividend payouts for the main four UK domestic banks – Royal Bank of Scotland, Barclays, Lloyds TSB and HBOS – are likely to be in shares until 2010

C&G withdraws tracker loans in response to base rate cut

Finance Markets (Free subscription) | 10/09/2008

Cheltenham & Gloucester (C&G), the mortgage lending arm of Lloyds TSB, has withdrawn some of its most competitive mortgage deals, from today. The move follows yesterday’s emergency cut in the Bank of England’s base rate, to 4.5%, which prompted leading lenders, including Halifax and C&G, to cut their standard variable rates (SVR). However, C&G has now [...]

• Lenders pull plug on top mortgage deals - Times Online
• Surprise rate-cut to help five million - icWales
• See the 5 articles on the same subject

Banking sector split in two on issue of taking state capital

The Herald (Free subscription) | 10/09/2008

HSBC, Standard Chartered, and Abbey National yesterday declared they had no intention of raising capital from the state, reinforcing the City’s belief that the UK Government’s £50bn offer is essentially aimed at Royal Bank of Scotland, Lloyds TSB, HBOS and Barclays.

We should have nationlaised banks in the morning.

Tax Research UK (Free subscription) | 10/07/2008

Tomorrow morning it seems likely that £50 billion will be injected into the banking system. Tonight the market capitalisation of RBS is £14.9 billion. Barclays is about £24 billion. LLoyds TSB is worth £13.5 billion. HBOS is worth £5 billion. I’m assuming HSBC is not in this deal. That means the total market capitalisation of these banks is £58 billion now, [...]

RBS says it hasn't asked government for capital

Market Watch (Free subscription) | 10/07/2008

LONDON (MarketWatch) -- Royal Bank of Scotland said Tuesday that it did not make a request to the government for capital. The statement came after reports RBS, Barclays and Lloyds TSB wanted the government to act quickly to shore up the U.K. banking sector. RBS shares were down around 22% in afternoon trading, having lost around 40% earlier in the session. Market Pulse Stories are Rapid-fire, short...

U.K. bank shares stumble again after government capital talks

Market Watch (Free subscription) | 10/07/2008

Shares in Royal Bank of Scotland, Barclays and Lloyds TSB slump Tuesday on expectations the government is close to stepping in with a recapitalization plan that could sharply dilute existing shareholdings.

Barclays says hasn't asked government for capital

Market Watch (Free subscription) | 10/07/2008

LONDON (MarketWatch) -- A spokesman for U.K. bank Barclays said Tuesday that the group has "categorically not requested capital from the government and has no reason to do so." The statement came after reports that Barclays, Royal Bank of Scotland and Lloyds TSB were close to receiving a capital injection from the government. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets...

U.K. bank shares slump again on capital fears

Market Watch (Free subscription) | 10/07/2008

Shares in Royal Bank of Scotland, Barclays and Lloyds TSB slump Tuesday on expectations the government is close to stepping in with a recapitalization plan that could sharply dilute existing shareholdings.

RBS, Barclays, Lloyds want swift capital move: report

Market Watch (Free subscription) | 10/07/2008

LONDON (MarketWatch) -- A trio of U.K. banks -- Royal Bank of Scotland , Barclays and Lloyds TSB -- have signalled they want U.K. Chancellor Alistair Darling to move quickly with a recapitalization plan, the BBC reported Tuesday. The three banks estimated they may need around 15 billion pounds of new capital each, with half that delivered upfront and the other half available if needed, the BBC reported....

HBOS shares bounce back after positive merger talk

Scotsman.com (Free subscription) | 10/02/2008

Halifax Bank of Scotland led the stock market higher today amid growing confidence over its rescue takeover by Lloyds TSB.

Standard Life set to back HBOS takeover

Financial Time (Free subscription) | 10/01/2008

Standard Life, one of the large institutional investors in Lloyds TSB, appeared to have thrown its support behind the rescue takeover of HBOS after concerns that the terms of the deal may have to be re-negotiated

HBOS shares surge in takeover hope

Daily Star (Free subscription) | 10/01/2008

Shares in Halifax Bank of Scotland closed 21% higher amid hopes a rescue takeover by Lloyds TSB will go ahead as planned.

HBOS shares surge in takeover hope

icWales (Free subscription) | 10/01/2008

Shares in Halifax Bank of Scotland closed 21% higher amid hopes a rescue takeover by Lloyds TSB will go ahead as planned.

HBOS boosted by takeover confidence

icWales (Free subscription) | 10/01/2008

Halifax Bank of Scotland enjoyed a rare day in the sun today as it was buoyed by renewed confidence over its takeover by Lloyds TSB.

New SAMS compensation challenge to HBOS and Barclays

Banking Times: Daily Banking News (Free subscription) | 10/01/2008

As Lloyds TSB considers its takeover terms of HBOS, it should be aware that the latter may be liable for millions of pounds in compensation to the holders of Shared Appreciation Mortgages (SAMS). HBOS, which comprises Halifax and Bank of Scotland, sold the interest free loans back in the 1990s but recent changes in the Consumer [...]