Lloyds Share News (LLOY)

British watchdog says bank competition still falls short

* Competition watchdog could order bank break-ups * Watchdog could order clearer pricing, comparisons * Tesco Bank CEO says some banks offering a poor deal By Matt Scuffham LONDON, Feb 11 (Reuters) - Moves to improve competition within Britain's banking industry have not y

UK lawmakers, watchdog spar over rate swaps compensation

By Huw Jones LONDON, Feb 10 (Reuters) - A scheme for compensating companies mis-sold complex products by banks to shield against interest rate hikes is skewed in favour of the lenders, British lawmakers said on Tuesday. The scheme was set up by the Financial Conduct Authority to requi

Lloyds CEO calls for greater banking choice for small businesses

* Lloyds CEO says should be easier for firms to switch banks * Lloyds to contribute 5 mln stg to industry fund LONDON, Feb 10 (Reuters) - The head of Lloyds Banking Group has called for greater competition in providing banking services to small firms, including making it easier to sw

London close: Greek fears rattle stocks, but miners limit downside

London's FTSE 100 had trimmed losses by the end of the session but still finished in the red as ongoing concerns about the future of Greece weighed on market sentiment. "Eurozone equities are being ground down by Greek fears, and financial stocks across the EU are bearing the brunt of the sell-off,"

UPDATE 1-Contactless card payments treble in Britain in 2014

* $3.6 billion spent with contactless cards in 2014 * Proportion of purchases made with cards increases (Adds data from Barclays) By Matt Scuffham LONDON, Feb 6 (Reuters) - Spending using contactless payment cards more than trebled to 2.32 billion pounds ($3.6 billion) in Brit

Contactless card payments treble in Britain during 2014

LONDON, Feb 6 (Reuters) - Spending using contactless payment cards more than trebled to 2.32 billion pounds ($3.6 billion) in Britain during 2014, the UK Cards Association said on Friday. The trade body said debit and credit cards now accounted for 75.8 percent of retail sales in Britain, c

UK MIDDAY BRIEFING: Glaxo Profit Down, But Pledges Big Payout

TOP NEWS: China Cuts Banks' Reserve Requirement Ratio

UK MORNING BRIEFING: Sky And Hargreaves Lansdown Bookend FTSE 100

S&P Lowers Long-Term Credit Ratings Of London-listed Banks

Barclays, HSBC, RBS have ratings cut by S&P

Standard & Poor's has downgraded a number of UK and European banks on Tuesday. Barclays and Lloyds were lowered by two notches to 'BBB', while Royal Bank of Scotland was downgraded two notches to 'BBB-' and S&P cut HSBC by a notch to 'A'. Standard Chartered was downgraded one level to 'A-', while t

Lloyds braced for insurance mis-selling bill rising to 12 bln pounds

* Lloyds has already set aside 11.3 bln stg for compensation * Lloyds had warned of possible new 600 mln stg charge * FCA considering possible deadline for complaints By Matt Scuffham LONDON, Feb 3 (Reuters) - Lloyds Banking Group is expected to set aside hundreds of milli

Handelsbanken revives the role of the British bank manager

* Handelsbanken makes lending decisions inside branches * Local approach contrasts with British rivals * Banks have opened branches while rivals shut them down * Rivals say lending policy can be inconsistent * Bank shuns annual bonuses in favour of profit sharing By

UK BROKER RATINGS: Liberum And UBS Downgrade Miners

UPDATE 1-UK's Towergate Insurance enters takeover deal with creditors

(Adds comment from source, details, background) By Richa Naidu Feb 2 (Reuters) - British insurance broker Towergate Insurance said on Monday that it had sold itself to its senior secured creditors, as part of a deal to slash its 1.04 billion pound ($1.56 billion) debt pile by nearly t