Lloyds Share News (LLOY)

MOVES-Lloyds Bank names Lucy Barton director in financial markets

Feb 12 (Reuters) - Lloyds Banking Group Plc's commercial banking unit appointed Lucy Barton as a director in its financial markets business. Barton joins Lloyds bank wealth & foreign exchange team from Investec Plc, where she was responsible for private client foreign exchange sales. Read more

UPDATE 1-UK lawmakers release details of swaps redress scheme

* Firms have lobbied for agreement to be released * Many firms unhappy with compensation process * Tyrie says regulator took too long to co-operate (Adds comment from lawmaker Tyrie, swaps adviser) By Matt Scuffham and Steve Slater LONDON, Feb 12 (Reuters) - British lawm

UK lawmakers release details of bank mis-selling redress scheme

LONDON, Feb 12 (Reuters) - British lawmakers published the terms of an agreement between the financial regulator and nine banks in 2012 setting out how lenders should compensate customers wrongly sold complex hedging products, saying the details needed to be made public. The Financial Condu

UPDATE 1-British watchdog says bank competition still falls short

* Competition watchdog could order bank break-ups * Watchdog could order clearer pricing, comparisons * TSB CEO says consolidation could boost competition (Adds comments from TSB Chief Executive) By Matt Scuffham LONDON, Feb 11 (Reuters) - Moves to improve competition wi

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