The Independent (Free subscription) | 11/07/2009
New banks, a breath of fresh air or more of the same? Financial news has this week been dominated by the EU-enforced break-up of Lloyds TSB and Royal Bank of Scotland, which sees these banking heavyweights having to dispose of hundreds of branches.
BloggingStocks (Free subscription) | 11/03/2009
Filed under: Before the bell , International markets , Market matters , Economic data , Lloyds TSB Group plc ADS (LYG) , Federal Reserve , Financial Crisis If on Monday investors were ready to bounce back from Friday's selloff, today stock futures are sharply lower, indicating U.S. stock markets are poised to slump at the open ahead of the Federal Reserve two-day policy meeting that begins today....
Financial Times (Free subscription) | 10/20/2009
Banks are at the centre of attention on London equities markets, with news of a significant stake sale by Barclays' biggest shareholder Qatar Holdings and a disposal at Lloyds TSB
Banking Business Review (Free subscription) | 09/23/2009
The report also reveals that businesses in the big cities are ignoring financial market risks, with Manchester, the South East and London looking especially stark
Market Watch (Free subscription) | 06/30/2009
LONDON (MarketWatch) -- Part-nationalized U.K. lender Lloyds Banking Group said Tuesday that it will cut around another 2,100 jobs over the next three years as it reorganizes its group and wholesale operations. The cuts follow Lloyds' acquisition of struggling lender HBOS earlier this year. Lloyds said it is combining the payment and business services areas of the two banks and is also merging the...
Market Watch (Free subscription) | 06/09/2009
LONDON (MarketWatch) -- Lloyds Banking Group said Tuesday that it is closing all 164 branches of its Cheltenham & Gloucester business and cutting up to 1,660 jobs. The statement confirmed earlier reports that the bank would close the branches following its take over of rival HBOS. Lloyds said the C&G branches will close in November, but the brand will continue to be used and customers will...
Banking Business Review (Free subscription) | 05/25/2009
Lloyds Banking Group, which was formed by Lloyds TSB's government-driven rescue takeover of Halifax Bank of Scotland (HBOS), is planning to sell off large chunks of stakes in about 60 companies. The company has already received interest in the portfolio, which can be sold off individually or in clusters.
Banking Business Review (Free subscription) | 05/21/2009
Lloyds TSB has launched a 95% loan-to-value (LTV) mortgage for first-time home buyers with a rate of 4.39% fixed for three years, and a fee of £995. This is almost £100 a month less than the industry’s average of 90% mortgage rate of 5.98%.
Financial Times (Free subscription) | 05/20/2009
Lloyds TSB has launched a new mortgage specifically aimed at first-time buyers who have not been able to save up a large enough deposit to finance their house purchase.
Financial24 (Free subscription) | 05/17/2009
Sir Victor, who has been under mounting pressure from institutional shareholders following Lloyds TSB's merger with the crisis-hit HBOS last autumn, is expected to say that he will remain at Lloyds f
BloggingStocks (Free subscription) | 05/07/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , AT and T (T) , Bank of America (BAC) , Morgan Stanley (MS) , Verizon Communications (VZ) , Analyst initiations , Symantec Corp (SYMC) , Lloyds TSB Group plc ADS (LYG) , Rio Tinto plc ADS (RTP) Analyst upgrades: Morgan Stanley said Bank of America's (NYSE: BAC ) capital needs are largely known and shares are trading "cheaply despite...
BloggingStocks (Free subscription) | 04/29/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Coca-Cola Enterprises (CCE) , Smithfield Foods (SFD) , Analyst initiations , Lloyds TSB Group plc ADS (LYG) , Barclays plc ADS (BCS) , Thomson Reuters (TRI) Analyst upgrades: Goldman upgraded Gerdau AmeriSteel (NYSE: GNA ) to Buy from Neutral and has a $5.50 target on shares. Shares were upgraded due to the potential impact from infrastructure...
Financial24 (Free subscription) | 04/12/2009
In October last year, the government announced it would provide up to 37 billion pounds of taxpayers' cash to boost the capital of Royal Bank of Scotland, HBOS and Lloyds TSB to see them through the
Market Wire (Free subscription) | 04/02/2009
BERLIN, GERMANY (MARKET WIRE) Bombardier Transportation has signed an order with Lloyds TSB and London Eastern Railways, a subsidiary of National Express, for 30 four-car BOMBARDIER ELECTROSTAR Electrical Multiple Unit (EMU) trains plus a three year maintenance agreement. The order value is approximately 188 million euros ($249 million US, pounds sterling 173 million). The new EMUs will operate on...
The Independent (Free subscription) | 03/16/2009
Having just received a paid-up pension statement which shows no net gain since I stopped payments in the 1980s, I have had enough. I hold Lloyds TSB shares which are worth less than ten years ago. All other financial services based investments are down. My best investment performance is in land abroad, which benefited from the fall in the pound and from not being invested through any City of London...
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