Lloyds Share News (LLOY)

London midday: Commodity rebound boosts markets, TSB surges on M&A

Strong gains from mining and oil stocks and M&A activity in the banking sector gave UK markets a big lift on Thursday morning, with the FTSE 100 trading nearly 1% higher by lunchtime. Resource shares were on the rise as commodity prices rebounded after recent falls, while positive Chinese bank lendi

UPDATE: Lloyds "Minded" To Accept 340 Pence Per Share Offer For TSB Stake

TOP NEWS: TSB Gets GBP1.7 Billion Takeover Offer From Spanish Bank

BUZZ-TSB: best ever 1-day move on offer from Spain's Sabadell

** TSB, which was carved out of Lloyds, enjoys biggest one-day pct move since listing following preliminary offer from Spain's Banco Sabadell ** Stock jumps almost 27 pct, adding some $534 mln to TSB's market value; trades around 28 pct above 260p IPO price ** Heavy activity in the st

TSB confirms takeover bid from Spain's Banco Sabadell, Lloyds gives approval

Recently floated TSB has received a cash takeover approach from Spain's Banco Sabadell, which TSB's majority owner Lloyds said it would accept. A preliminary bid at 340p per share has been tabled, the lender confirmed, 80p higher than its price at flotation last June. Within minutes, shares in TSB,

CORRECT: TSB Gets 340 Pence Per Share Takeover Offer From Banco Sabadell

TSB Gets 350 Pence Per Share Takeover Offer From Banco Sabadell

Britain's banking shake-up will take at least five years to bear fruit -regulator

By Huw Jones LONDON, March 11 (Reuters) - It will take another five years or more to make real inroads into the dominance of Britain's five biggest banks, a senior Bank of England official said on Wednesday. Two years ago the government and regulators made it easier for new entrants t

Lloyds says threat of Britain leaving EU is an emerging risk

LONDON, March 11 (Reuters) - State-backed Lloyds Banking Group has identified political uncertainty ahead of the general election and the risk of Britain leaving the European Union an emerging risk. "The outcome of the 2015 General Election and the likelihood of a referendum on British memb

Lloyds warns of further 'challenges' on past BoE lending scheme

LONDON, March 11 (Reuters) - State-backed Lloyds Banking Group warned on Wednesday that it continues to face regulatory "challenges" relating to the attempted manipulation of fees for a government lending scheme to help banks. "It is clear that regulatory challenges remain relating to the S

UPDATE 2-UK MPs want independent review of swaps redress scheme

* Committee recommends independent oversight of review * Says FCA must demonstrate process credible * Says Treasury can require work to be done (Adds further comments from Committee chairman) By Matt Scuffham LONDON, March 10 (Reuters) - Britain's financial regulator sho

UK lawmakers tell regulator to review swaps compensation scheme

LONDON, March 10 (Reuters) - Britain's financial regulator should review a scheme it set up to enable customers mis-sold complex hedging products to seek compensation to ensure it didn't favour banks, an influential committee of lawmakers said. The Treasury Committee, which monitors Britain

Lloyds sells iconic Halifax House Price Index to Markit

The UK's Lloyds Banking Group is selling one of the country's most popular property price trackers, the Halifax House Price Index to global financial data provider Markit. Lloyds acquired the tracker when it was forced to buy out HBoS after the UK's banking crisis. The index has been published month

Markit to acquire Halifax House Price index from Lloyds

LONDON, March 10 (Reuters) - Financial data company Markit will acquire the Halifax House Price Index, a closely watched gauge of British house prices, from Lloyds Banking Group , the companies said in a statement on Tuesday. The name of the index and methodology will remain unchanged afte

Morgan Stanley expects UK bank capital ratios to rise further to meet regulatory standards

US heavyweight banking titan Morgan Stanley took note of the rising capital demands for UK banks in its latest note to clients and now expects that over 13% of Common Tier Equity 1 (CTE1) ratios to become the new baseline for the sector. "We see more evidence that the seemingly relentless march upwa