A 5% drop in the share price of HSBC pushed the banking sector firmly into the red on Monday even though shares of other lenders were making gains. Lloyds and RBS were still in positive territory in afternoon trade and Barclays was more or less flat, but given HSBC's size the whole sector was regis
Read more(Adds new consultations from regulators; background) By Huw Jones LONDON, Feb 23 (Reuters) - It has been decided that new rules making senior bankers in Britain more accountable for their actions will not now apply to non-executive directors who don't have specific duties such as scru
Read moreLONDON, Feb 23 (Reuters) - Chairmen and non-executive directors of insurance companies will be included in Britain's new regime to make top financial officials accountable for their actions, the Bank of England announced on Monday. Britain is finalising a new Senior Persons Regime to make i
Read more* Sale cut government stake in Lloyds to 23.9 pct * Shares sold above 73.6 pence average buy-in price * Sale a step towards full return to private ownership (Adds details on method of sale, future sale prospects) By Matt Scuffham LONDON, Feb 23 (Reuters) - Britain's fina
Read moreLONDON, Feb 23 (Reuters) - State-backed Lloyds Banking Group said on Monday that the British government had reduced its stake in the bank to 23.9 percent from 24.9 percent previously. UK Financial Investments (UKFI), which manages the government's stakes in bailed out banks, hired Morgan S
Read more(Repeats Feb. 20 story) * Lloyds set to announce first dividend since financial crisis * Payout could enable sale of chunk of shares later in year * RBS sale seen as unlikely in next 18 months -sources By Matt Scuffham LONDON, Feb 20 (Reuters) - Lloyds Banking Group'
Read more* Lloyds set to announce first dividend since financial crisis * Payout could enable sale of chunk of shares later in year * RBS sale seen as unlikely in next 18 months -sources By Matt Scuffham LONDON, Feb 20 (Reuters) - Lloyds Banking Group's anticipated return to divid
Read moreMorgan Stanley thinks European banks might now "start to play catch up" after an unusual period of underperformance in an improving macroeconomic environment. Although Greek concerns remain, the US investment bank believes some concerns about the banking sector are easing, such as deflationary risks
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