http://www.lse.co.uk/ LLOY Financial Share News Feed - London South East en-us Fri, 24 May 2013 16:25:32 GMT 2007 London South East http://www.lse.co.uk/rss/ 15 (The following statement was released by the rating agency) Feb 01 - The costs for redress of the mis-selling of interest-rate hedging products (IRHP) should be manageable for UK banks but will dent their net earnings prospects in the short- to medium-term, Fitch Ratings says. It is di http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=fe9e2irwrs8orca Fri, 01 Feb 2013 11:04:01 GMT Feb 1 (Reuters) - : * HSBC Holdings : Citigroup cuts to neutral from buy * HSBC Holdings : Citigroup raises target price to 770p from 680p http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=vee9w07ib2y7qik Fri, 01 Feb 2013 08:29:25 GMT LONDON, Jan 31 (Reuters) - The bosses of HSBC, Barclays and Lloyds have been called to testify before UK lawmakers next week as an inquiry into standards in banking intensifies after a string of scandals. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=ixnx57vnhqx4as3 Thu, 31 Jan 2013 18:22:41 GMT LONDON, Jan 31 (Reuters) - The boss of Britain's biggest retail bank told lawmakers a proposal to stimulate competition by creating an industry-shared IT platform would be too difficult to implement and not achieve its objective. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=byd0q7ux69mb0vp Thu, 31 Jan 2013 17:47:11 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=t2ex539wi1ea0li Thu, 31 Jan 2013 15:34:04 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=9hhb9qo1rdncrr7 Thu, 31 Jan 2013 12:48:48 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after a study found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=iuxb9mkzequd7di Thu, 31 Jan 2013 10:20:55 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could again total billions of pounds after a study of interest rate hedging products sold to small firms found the vast majority were mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=wytbvfhp8yo1yop Thu, 31 Jan 2013 08:21:08 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - A pilot study of interest rate hedging products sold to small British firms found over 90 percent had been mis-sold by banks, the financial regulator said. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=4q3bw17lsw3sdzu Thu, 31 Jan 2013 07:50:15 GMT LONDON, Jan 31 (Reuters) - Britain's financial regulator said on Thursday the results of a study into the sale of complex interest rate hedging products to small firms by banks had found that the vast majority had been mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=1rsgtmdpx1hytso Thu, 31 Jan 2013 07:33:42 GMT LONDON, Jan 31 (Reuters) - Britain's financial regulator said on Thursday the results of a study into the sale of complex interest rate hedging products to small firms by banks had found that the vast majority had been mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=1yjp00sdhjrnb3u Thu, 31 Jan 2013 07:31:51 GMT By Laura Noonan and Matt Scuffham LONDON, Jan 30 (Reuters) - Bidders for hundreds of branches being sold by Royal Bank of Scotland submitted their offers six weeks ago, hoping for a response by the middle of this month. They're still waiting. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=qpc07f01u5jyk2x Wed, 30 Jan 2013 16:34:34 GMT By Tom Bill LONDON, Jan 29 (Reuters) - Sales of European property loans will rise by about 15 percent to 25 billion euros ($34 billion) this year as Spain and Ireland speed the sale of unwanted and bad loans, confronting the extent of the real estate crash as they clear their books. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=5qda5bsb1wza2lh Tue, 29 Jan 2013 00:16:04 GMT LONDON, Jan 25 (Reuters) - British banks should simplify charges for overdrafts to help make the chequing account market more competitive by allowing people to decide easily who offered best value, Britain's consumer watchdog said. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=otqp6bow10dm05l Fri, 25 Jan 2013 09:54:39 GMT LONDON, Jan 24 (Reuters) - Britain's Lloyds Banking Group is to repay up to 10 billion euros ($13.3 billion) of the long-term cash it borrowed last year from the European Central Bank, a person close to the bank said. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=5h5f5tuthdxhygr Thu, 24 Jan 2013 13:19:30 GMT By Laura Noonan LONDON, Jan 24 (Reuters) - Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody's said on Thursday, meaning European taxpayers may again be tapped for cash. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=kbkpzgb8ovbfcnx Thu, 24 Jan 2013 12:18:17 GMT By Laura Noonan LONDON, Jan 24 (Reuters) - British banks could be underestimating the riskiness of their property loans and may need more capital to correct this, ratings agency Fitch said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=xqhf9rpwf1dlqh8 Thu, 24 Jan 2013 10:33:50 GMT (The following statement was released by the rating agency) Jan 24 - In order to expand lending and improve earnings, UK banks are likely to reduce their liquidity reserves during 2013, Fitch Ratings says in a newly-published report on the UK banking sector. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=rvzymlonsnkybh8 Thu, 24 Jan 2013 10:22:54 GMT By Chris Vellacott LONDON, Jan 24 (Reuters) - British investment manager St James's Place reported a jump in fourth-quarter sales as its well-heeled customers became more confident Europe is recovering from its sovereign debt crisis. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=gzf525r4f7x97gf Thu, 24 Jan 2013 09:43:32 GMT LONDON, Jan 24 (Reuters) - British banks could be underestimating the riskiness of their property loans and may need more capital to correct this, ratings agency Fitch said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=4yh519kh4e2sks7 Thu, 24 Jan 2013 09:32:27 GMT FRANKFURT, Jan 24 (Reuters) - Commerzbank, Germany's second-biggest lender, plans to cut up to 12 percent of staff by 2016 in a bid to slash costs and revamp its ailing retail business. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=if026j6cqfg8ejf Thu, 24 Jan 2013 08:54:04 GMT LONDON, Jan 23 (Reuters) - Lloyds Banking Group said on Wednesday it was axing 940 jobs, bringing the total amount cut since its ill-fated takeover of HBOS in 2009 to more than 31,000. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=ggeposyqwr565n1 Wed, 23 Jan 2013 13:22:22 GMT LONDON, Jan 23 (Reuters) - Lloyds Banking Group said on Wednesday it was axing 940 jobs bringing the total amount cut since its ill-fated takeover of HBOS in 2009 to over 31,000. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=txjs1kq9iukiuas Wed, 23 Jan 2013 12:49:13 GMT By Padraic Halpin and David Milliken BELFAST, Jan 22 (Reuters) - The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a speech on Tuesday. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=02m7fakfyoxwvlq Tue, 22 Jan 2013 22:49:09 GMT By Padraic Halpin and David Milliken BELFAST, Jan 22 (Reuters) - The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=2b1d37foeb5mfxb Tue, 22 Jan 2013 20:00:03 GMT LONDON, Jan 22 (Reuters) - British entertainment retailer HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of the 92-year-old group which sought protection from creditors last week. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=kt180l4lkr51kqy Tue, 22 Jan 2013 18:40:25 GMT LONDON, Jan 22 (Reuters) - British firm HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of a 92-year-old entertainment retailer which sought protection from creditors last week. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=4xih500egrow4n8 Tue, 22 Jan 2013 18:14:53 GMT LONDON, Jan 22 (Reuters) - Restructuring specialist Hilco has bought the debt of HMV, according to sources close to the situation, giving it a big influence in the fate of the British entertainment retailer which fell into administration last week. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=vrk9tt9i8eukq1l Tue, 22 Jan 2013 13:18:42 GMT LONDON, Jan 21 (Reuters) - Breaking up Royal Bank of Scotland could make it easier to sell the part state-owned British lender, a former Bank of England monetary policy committee member said on Monday. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=u7te50pzmgc9nbo Mon, 21 Jan 2013 18:41:28 GMT By Huw Jones LONDON, Jan 21 (Reuters) - Bank capital rules coming into force this month are too complex and efforts to simplify them are already underway, a senior Bank of England official said on Monday. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=g6t0n977dv6bb61 Mon, 21 Jan 2013 17:42:33 GMT LONDON, Jan 21 (Reuters) - The Times BP REASSURES AZERBAIJAN OVER ROSNEFT ALLIANCE BP's chief executive Bob Dudley flew to Baku before Christmas to stress that the oil major remained committed to the country in the wake of its new alliance with the Russian oil group Rosneft. Executives at Soca http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=4o914xj6z7cnkcw Mon, 21 Jan 2013 02:32:46 GMT LONDON, Jan 18 (Reuters) - Britain's financial regulator is considering whether to set a deadline for customers to claim compensation for mis-sold loan insurance. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=ywsnypueexudwud Fri, 18 Jan 2013 16:23:13 GMT By Estelle Shirbon LONDON, Jan 17 (Reuters) - A British judge sentenced a fake property tycoon to seven years in jail on Thursday for defrauding two banks out of over 700 million pounds ($1.1 billion), but said the banks deserved some blame for poor risk controls. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=oggz8g0xpuqw3da Thu, 17 Jan 2013 20:27:44 GMT By Estelle Shirbon LONDON, Jan 17 (Reuters) - A British judge sentenced a fake property tycoon to seven years in jail on Thursday for defrauding two banks out of over 700 million pounds ($1.1 billion), but said the banks deserved some blame for poor risk controls. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=arfba849p39zu9g Thu, 17 Jan 2013 16:33:10 GMT LONDON, Jan 17 (Reuters) - A British judge sentenced a fake tycoon who defrauded two banks out of 769 million pounds to seven years in jail on Thursday but said the banks bore some responsibility because of their poor checks. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=b2xnyfs6btovmld Thu, 17 Jan 2013 13:34:37 GMT By Kirstin Ridley LONDON, Jan 16 (Reuters) - Two businessmen have been found guilty in London of defrauding banks of hundreds of millions of pounds to fund a lavish lifestyle and build a commercial property empire, in their second conviction for deception and forgery in 18 years. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=000jiew06whf38i Wed, 16 Jan 2013 17:21:10 GMT By Matt Scuffham and Rosalba O'Brien LONDON, Jan 16 (Reuters) - Britain's financial regulator is considering putting a deadline on bank customers claiming compensation for being mis-sold insurance on their borrowings, sources familiar with the matter told Reuters. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=17vivd6itux7iwj Wed, 16 Jan 2013 17:16:35 GMT By Matt Scuffham and Rosalba O'Brien LONDON, Jan 16 (Reuters) - Britain's financial regulator is considering putting a deadline on bank customers claiming compensation for being mis-sold insurance on their borrowings, sources familiar with the matter told Reuters. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=e41mmwz705ro8yb Wed, 16 Jan 2013 17:14:47 GMT By Matt Scuffham LONDON, Jan 16 (Reuters) - Britain's plans to make banks ring-fence their retail operations from riskier areas has a better chance of succeeding if a threat of full separation is in place, the architect of the ring-fencing plan said. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=k6rjcd2fz39mhks Wed, 16 Jan 2013 14:12:49 GMT LONDON, Jan 16 (Reuters) - VICKERS: * Icb head vickers says UK banks overstate the difficulties of implementing http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=lhdugcvtyc5w8yk Wed, 16 Jan 2013 11:50:00 GMT LONDON, Jan 16 (Reuters) - Britain's plans to make banks ring-fence their retail operations from riskier areas has a better chance of succeeding if a threat of full separation is in place, the architect of the ring-fencing plan said. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=lhz0zkv0op2wtp3 Wed, 16 Jan 2013 10:33:18 GMT Jan 16 (Reuters) - : * Barclays Plc : Nomura raises target price to 270p from 230p; rating http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=todrslgmytani70 Wed, 16 Jan 2013 08:42:07 GMT LONDON, Jan 16 (Reuters) - Telegraph LLOYDS AND RBS NEED BILLIONS MORE CAPITAL, BOE SAYS http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=4nwqs10yi0a5ykw Wed, 16 Jan 2013 02:24:38 GMT LONDON, Jan 16 (Reuters) - Britain's banking industry and financial regulator are in talks to establish a cut-off date to end the costly stream of claims from the public relating to banks' mis-selling of payment protection insurance (PPI), the Times reported. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=6c7386y70al1i8s Wed, 16 Jan 2013 01:43:00 GMT By David Milliken and Huw Jones LONDON, Jan 15 (Reuters) - Bank of England Governor Mervyn King warned on Tuesday that investors appeared to be making worryingly risky bets at a time when Britain's economy was weak and its banks had not yet recovered from the financial crisis. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=46zbe7fkwcrifrw Tue, 15 Jan 2013 14:33:06 GMT LONDON, Jan 15 (Reuters) - Bank of England Governor Mervyn King and other members of the central bank's Financial Policy Committee appeared before a British parliament committee on Tuesday to discuss their November Financial Stability Report. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=muyg32i4y094wfc Tue, 15 Jan 2013 12:19:11 GMT LONDON, Jan 15 (Reuters) - Bank of England Governor Mervyn King and other members of the central bank's Financial Policy Committee appeared before a British parliament committee on Tuesday to discuss their November Financial Stability Report. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=874cn23yrbrfmyh Tue, 15 Jan 2013 12:19:07 GMT LONDON, Jan 15 (Reuters) - Bank of England Governor Mervyn King and other members of the central bank's Financial Policy Committee appeared before a British parliament committee on Tuesday to discuss their November Financial Stability Report. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=idvlwiulejtzkz8 Tue, 15 Jan 2013 12:15:59 GMT LONDON, Jan 15 (Reuters) - Bank of England Governor Mervyn King and other members of the central bank's Financial Policy Committee appeared before a British parliament committee on Tuesday to discuss their November Financial Stability Report. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=n02wnlxhaq360ko Tue, 15 Jan 2013 12:07:27 GMT LONDON, Jan 15 (Reuters) - Bank of England Governor Mervyn King and other members of the central bank's Financial Policy Committee appeared before a British parliament committee on Tuesday to discuss their November Financial Stability Report. http://www.lse.co.uk/ShareNews.asp?shareprice=LLOY&ArticleCode=rdaehjyn49vtg60 Tue, 15 Jan 2013 11:59:03 GMT