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LONDON, March 24 (Reuters) - Lloyds Banking Group paid more than 20 of its staff at least one million pounds ($1.5 million) last year, a move likely to inflame anger among lawmakers and the public over excessive banker pay, The Sunday Times reported. The part state-owned bank will include
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European stocks were making moderate gains on Friday morning but the mood on financial markets was cautious with the focus firmly on Cyprus ahead of pivotal day for the country's future in the Eurozone. According to government spokesman Christos Sylianides this morning, the "next few hours" are key
Read moreThe Telegraph reports that Cyprus is looking to inflict losses of up to 40 per cent on large depositors only, saving all smaller deposits of up to 100,000 euros, in an effect to prevent an economic collapse next week. The move includes the restructuring or freezing of all assets held in two of its b
Read more* Manhattan, federal prosecutors demanded statement * StanChart violated deferred prosecution deal-prosecutors * StanChart chairman "very much" regrets March 5 comments * Comments were about breaches of U.S. sanctions on Iran By Steve Slater and Aruna Viswanatha LOND
Read more* Plans to sell general insurance business to bolster finances * Co-op has agreement in place to buy 632 branches from Lloyds * Co-op CEO says 'still a lot of work to do' to pull off deal * Co-op CEO says tough economic backdrop hindering progress * Co-op Bank makes 2012 l
Read more* Bank levy to increase to 0.142 percent by 2014 * Hike is to offset cuts in corporation tax * Take from levy well down on initial target * Banks' shrinkage means UK raised less than forecast * Critics say levy constrains banks' ability to lend By Matt Scuffham
LONDON, March 20 (Reuters) - For highlights of British finance minister George Osborne's budget statement to parliament, click on
Read moreLONDON, March 20 (Reuters) - For highlights of British finance minister George Osborne's budget statement to parliament, click on
Read moreAfter a brief spell in positive territory at lunchtime, UK stocks sunk back into the red by the close of trade on Tuesday as leaders in Cyprus gathered to vote on the deposit tax, a controversial measure deemed necessary to save the country from default. Traders were also nervous ahead of tomorrow'
Read moreHeavy falls in the mining sector ensured that the resource-heavy FTSE 100 index was trading firmly in the red on Tuesday morning with sentiment still fragile in the aftermath of the bailout deal for Cyprus and the controversial idea to tax customer accounts. Market Analyst Craig Erlam from Alpari s
Read moreLloyds Banking Group is reportedly mulling over of the sale of Irish real estate loans in an effort to pull itself out of Europe's property slump. The London-based lender, which is 39% owned by the taxpayer, is considering the sale of about €650m of loans but will have to sell at a discount, a sour
Read moreMarch 18 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. STANDARD CHARTERED PLC The bank has hired Nomura's head of mergers and acquisitions for Southeast Asia, Jason Mor
Read more* Buys 97.7 million pound stake in CALA Group * First direct investment, has 36.5 bln pounds to invest * Keen to invest in infrastructure, housing By Brenda Goh LONDON, March 18 (Reuters) - Insurer Legal & General said it was looking for more chances to invest directly in
Read moreMarkets were in risk-off mode on Monday morning as fears over the Eurozone debt crisis resurfaced after a deal to bail out Cyprus sparked a run on banks across the country. Banks and miners were bearing the brunt of the sell-off in London after Cyprus' €10bn bailout deal with the Troika - a move in
Read moreNomura has reviewed its ratings in the UK banking sector, reiterating its preference for emerging markets-focused lenders HSBC and Standard Chartered, both rated 'buy'. The broker said it continues to have a "defensive/growth bias" within the sector and believes that both HSBC and StanChart are "we
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