Lloyds Share News (LLOY)

UK banks paid 60% of profits in fines, KPMG says

The UK's largest banks have collectively paid 60% of their profits since 2011 towards regulatory fines and reimbursing customers for mis-selling, according to KPMG. In a new report published on Tuesday, the global advisory firm estimated that such costs, including repayments related to Payment Prote

UPDATE 1-US judge approves deferred prosecution deal with Commerzbank

* Bank to collectively pay $1.45 bln to US, NY authorities * US Justice Department defers prosecution for 3 years * Judge cites bank's cooperation, compliance improvements (Updates with details from the hearing, background on the case) By Sarah N. Lynch WASHINGTON, April

BUZZ-View from the buyside: Lloyds a strong divi play-OMGI

** Scope for divi ramp-up from Lloyds Banking Group , which recently announced its first payout since being bailed out during the financial crisis, says Stephen Message, manager of Old Mutual Global Investors' UK Equity Income Fund ** Message reckons Lloyds -- which said (end Feb) it is to

COMMENT-Time for investors to stop hiding behind the small print

By Helene Durand LONDON, April 2 (IFR) - The hysterical anger from investors after Lloyds announced this week it had won permission to redeem early high-coupon capital issued during the darkest days of the financial crisis was predictable but not justified. Lloyds raised the Enhanced

WINNERS & LOSERS: Miners Fall As Iron Ore Price Drops Below USD50

Thursday newspaper round-up: Greece, Novartis, Election debate

Greece has submitted its most comprehensive reform plant yet with a 26-page proposal list, from tax evasion measures to a new bad bank, but warned that action was "urgently needed", writes The Guardian. Drug giant Novartis has been accused of attempting to block trails aimed at promoting a cheaper t

Dividends Calendar - Week Ahead

Bishop, lawmaker and equality campaigner recruited to raise UK bank standards

By Steve Slater LONDON, April 2 (Reuters) - A bishop, a senior lawmaker and a human rights campaigner have been picked for a 14-strong board aiming to push Britain's banks to improve standards after a series of scandals. The Banking Standards Board (BSB) on Thursday unveiled a panel i

London close: Stocks come off intraday highs as US data disappoints

UK stocks trimmed earlier gains by the close after a weak start on Wall Street, but still managed to finish in the green as markets bounced slightly following a sell-off the previous session. London's FTSE 100 finished the session up 36.46 points, or 0.54%, at 6,809.50. The index had dropped 1.7% to

MARKET COMMENT: FTSE 100 Ends Up After Strong Manufacturing Data

Dividends Calendar - Week Ahead

Banking stocks rise with Morgan Stanley upbeat about QE impact

Shares of UK domestic lenders were making gains on Wednesday after upbeat comments from analysts at Morgan Stanley in a note issued after the US bank's conference on the financial sector last week. Morgan Stanley named British banks Barclays and Lloyds among its most preferred stocks in the European

FTSE 100 movers: Shell boosted by Alaskan exploration approval, banks higher

Oil major Shell was making gains after being given the green light by the US government to restart an exploration campaign in the Alaskan Arctic. Imperial Tobacco rebounded from Tuesday's losses, which were driven by concerns that the Lorrillard-Reynolds merger will fall apart. Banks such as Barcla

MOVES-Jim Willens replaces Alan Dickinson as chairman of Brown Shipley

April 1 (Reuters) - UK-based Brown Shipley appointed Newcastle Building Society Chief Executive Jim Willens as its chairman, replacing Alan Dickinson who stepped down after three years at the private bank. Dickinson left the firm to join Lloyds Banking Group Plc as a director, Brown Shiple

London midday: Banks lift Footsie 1% as stocks rebound

UK stocks jumped nearly 1% on Wednesday morning, partly reversing steep losses experienced the previous session, as stimulus hopes in China and an improvement in global manufacturing repaired sentiment. London's FTSE 100 was up 0.98% at 6,839.14 by midday, after dropping 1.7% to 6,773.04 on Tuesday,