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Payment News (Free subscription) | 10/14/2008
Lloyds TSB says it has "become the first bank in the UK to offer a range of banking services allowing customers to monitor and manage their money on a mobile phone. The new Lloyds TSB Mobile Services are unique in giving customers the ability to move money instantly between accounts through a Mobile Banking application and receive text messages about their finances."
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The Telegraph (Free subscription) | 10/14/2008
The rescue takeover of HBOS by Lloyds TSB was thrown into doubt last night after the share price in both banks fell heavily and analysts suggesting that the Treasury might have to step in to help HBOS.
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Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- BNP Paribas on Wednesday raised its rating on British bank Lloyds TSB to outperform from neutral, saying the shares are now at a 15-year low, yet synergies from a combination with HBOS will afford an "enormous shield" against the inevitable tide of recessionary impairments. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com...
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Financial Time (Free subscription) | yesterday
The planned Lloyds TSB-HBOS mega-bank poses risks to customers unless tough action is taken to boost financial services competition, warns the new super-watchdog
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Banditry (Free subscription) | 10/14/2008
So, we’ve been talking about the UK side of the banking crisis on Crooked Timber, and the discussion has taken a mildly anti-Scottish turn. Now, that’s just wrong - although three of the UK’s largest retail banks pre-crisis were technically Scottish companies (Lloyds TSB, HBOS and RBS), only RBS was genuinely run out of Scotland by [...]
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Finance Markets (Free subscription) | 10/13/2008
Shares on the FTSE 100 index recovered this morning on the news that the UK Government is to pump £37 billion into three of the country’s largest banks. The Government is to inject £20 billion into RBS (RBS) while a further £17 billion will be pumped into Lloyds TSB and HBOS. However, at the end of [...]
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Finance Markets (Free subscription) | 10/13/2008
Prior to today’s part nationalisation of RBS, HBOS and Lloyds TSB, the Intermediary Mortgages Lenders’ Association (IMLA) had reported a slight improvement in its members’ expectations. According to an IMLA poll of 486 intermediaries, mortgage brokers expect volumes to decline by 2.3% for first-time buyers over the next two months. In the case of remortgagers, volume is [...]
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Financial Time (Free subscription) | 10/13/2008
Lloyds TSB has renegotiated the terms of its agreed takeover of HBOS as both banks bowed to accept government funding. The new offer price values each HBOS share at 128p or the whole bank at £8.6bn, a near 30 per cent discount to the earlier offer
