Lloyds Share News (LLOY)

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

UK MORNING BRIEFING: CRH Agrees EUR6.50 Billion Asset Purchase

Free British bank accounts not sustainable, PwC report finds

* Free banking stifles innovation and competition -report * Prospect of paying accounts still unpopular with Britons * 1 in 2 customers would switch if upfront fees charged * Nearly two-thirds say not prepared to pay upfront By Matt Scuffham LONDON, Feb 2 (Reuters) -

Sunday newspaper round-up: Lloyds, BT, Standard Chartered

Lloyds Banking Group is preparing to pay a dividend for the first time since it was bailed out by taxpayers, the Sunday Telegraph reported. The board will sign off the group's annual results and then ask the Bank of England permission to pay a dividend before announcing results on February 27th. Llo

UK Financial Watchdog To Investigate PPI Complaints Process

UPDATE 1-UK may set deadline for insurance compensation claims

* Lenders have paid out 17 billion pounds compensation * Banks have set aside 24 billion pounds for payouts * FCA to assess if current approach is working * Banks have dealt with 14 million complaints (Recasts, adds comment from consumer group, background) By Huw Jones a

FCA hints at tighter regulations on PPI complaints

The Financial Conduct Authority has introduced the possibility that it may enforce a time limit on complaints about payment protection insurance (PPI), the mis-selling controversy that has so far cost banks more than £17bn in compensation. The group said it intends to analyse complaint trends and "c

UK watchdog to review loan insurance compensation from banks

By Huw Jones LONDON, Jan 30 (Reuters) - Britain's markets watchdog will collect evidence on whether consumers mis-sold loan insurance are being compensated properly, after lenders have paid out 17.3 billion pounds ($26 billion) already in the country's costliest financial scandal. The

British banks may seek outside checks on published capital ratios

By Huw Jones LONDON, Jan 29 (Reuters) - Banks in Britain may end up hiring auditors to endorse the capital ratios they publish to increase investor confidence, an accounting body said on Thursday. The ICAEW said it was working with the Bank of England's supervisory arm, the Prudential

UPDATE 2-UK's banks pay out less than half of swaps mis-selling pot

* 1.8 billion pounds so far paid out by banks * Banks had set aside 4.4 billion pounds for compensation * Lawyer says banks' provisions could be reduced * Regulator sets March deadline for claims (Adds quote from lawyer on banks' provisions) By Matt Scuffham LONDON