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Lloyds Banking Group is planning to begin the sale of its TSB division in mid-May despite recent market ructions, the Sunday Telegraph said. The initial public offering would see TSB listed on the stock exchange by the end of May. Some investors are questioning the value of 1.5bn to 2bn pounds place
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By Laura Noonan and Joshua Franklin LONDON, April 13 (Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery. Spurred into action by
Read more(Adds comments from analysts, executives, detail on housing market; updates prices) By Peter Rudegeair and Anil D'Silva April 11 (Reuters) - Wells Fargo & Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of
Read moreBarclays has settled its second lawsuit in a week on allegations of LIBOR rigging. The British bank has reached a settlement with Portuguese construction and property firm Domingos Da Silva Teixeira in London's Commercial Court. The Portuguese company had filed a €11.1m case against Barclays on c
Read moreLONDON, April 11 (Reuters) - Barclays has settled its second lawsuit in a week that alleged the British bank had mis-sold products that were tied to Libor benchmark interest rates. Barclays said on Friday it had reached a compromise in its proceedings with Portuguese construction and proper
Read more* Number of customers switching increased by 14 percent * New rules part of measures to increase competition LONDON, April 11 (Reuters) - New rules making it easier for Britons to switch banks resulted in a 14 percent increase in the number of customers moving accounts in the six mont
Read moreThe Financial Conduct Authority (FCA) has proposed working with the competition regulator to ensure banks' overdraft mechanisms and fees are fairer. As overdraft fees generate a third of the revenue from personal account banking in Britain, the prospect of the financial watchdog imposing changes c
Read moreBy Huw Jones LONDON, April 10 (Reuters) - Britain's financial watchdog may impose changes in how banks treat overdrawn customers after its research showed people are paying too much when they go into the red. Banking fees have become politically charged, with lawmakers and the governm
Read more- FTSE 100 closes up 44.92 points at 6,635.61 - Shop prices plummet as retailers fight for business - February trade data shows UK still struggling to rebalance techMARK 2,730.00 +1.20% FTSE 100 6,635.61 +0.68% FTSE 250 16,163.70 +0.93% UK stocks ended today's session with a decent finish as impro
Read moreBarclays Bank faced more controversy on Wednesday as it topped a watchdog's list of the UK's most-complained about banks, but gripes about financial service companies fell overall. Retail customers launched nearly 310,000 complaints against Barclays between July and December last year, the Financia
Read moreAnthony Thomson, the founder and former Chairman of Metro Bank has unveiled plans to launch Atom, the first 'truly digital' retail and business bank. The new online bank, which is due to open in 2015, will offer both consumer and business banking. Thompson, who will take on the role of Chairman,
Read moreLONDON, April 9 (Reuters) - Barclays Bank Plc has topped the list of the most complained-about British bank, although the number of reported grievances against financial services companies has fallen by 15 percent overall. The Financial Conduct Authority (FCA) said on Wednesday that almost
Read more- FTSE closes 32.15 points lower at 6,590.69 - Feb UK industrial production trounces forecasts - Tensions rise in Ukraine - Big Four see market share slip as discount stores increase sales techMARK 2,697.56 -1.19% FTSE 100 6,590.69 -0.49% FTSE 250 16,014.46 -1.53% UK stocks once again finished in
Read more* FTSEurofirst 300 down 0.2 pct * Italy's FTSE MIB among worst performing stock indexes * AB Foods drops as Suedzucker warns on sugar outlook (Updates prices) By Tricia Wright LONDON, April 8 (Reuters) - European shares fell for a second day on Tuesday as investors sold
Read more* FTSEurofirst 300 down 0.6 pct * Italy's FTSE MIB among worst performing stock indexes * AB Foods drops as Suedzucker warns on sugar outlook By Tricia Wright LONDON, April 8 (Reuters) - European shares fell for a second day on Tuesday as investors sold out of some of the
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