Lloyds Share News (LLOY)

UK's Lloyds was not pushed to sell branches to Co-op -lawmakers

* No evidence of political interference in branch sale -MPs * MPs call for role of KPMG, regulator to be examined * MPs say Co-op Bank's past leadership to blame for problems * Lloyds says findings vindicate its position * Co-op Bank says significant progress made in last

Thursday newspaper round-up: BoE, Lloyds, JP Morgan

Bank of England policymakers have revealed that they do not intend to raise interest rates in the short-term amid a slowing economic recovery and increased risks from the Eurozone, the Guardian reported on Thursday. Minutes of the October meeting of the Bank's rate-setting Monetary Policy Committ

UPDATE 1-UK's Lloyds to cut 9,000 jobs over next 3 years -sources

* Lloyds to announce plans to close some branches -sources * Cuts on top of 30,000 job losses since bailout (Adds details) LONDON, Oct 22 (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter tol

UK's Lloyds to cut 9,000 jobs over next 3 years -sources

LONDON, Oct 22 (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Executive A

MEDIA-Lloyds to cut 9,000 jobs in three-year plan - Sky News

-- Source link: (http://bit.ly/1rgAP7r) -- Note: Reuters has not verified this story and does not vouch for its accuracy

UPDATE 1-BoE's Bailey: too late to revise allowances for 2014 bank bonuses

(Adds more detail, comments) By Huw Jones LONDON, Oct 22 (Reuters) - It is too late to change the allowances paid to top banking staff that have been deemed to breach European Union law, a senior Bank of England official said on Wednesday. The EU's banking watchdog, the European

UK Earnings, Trading Statements Calendar - Week Ahead

BoE's Bailey: too late to revise allowances for 2014 bank bonuses

LONDON, Oct 22 (Reuters) - It is too late to change the allowances paid to top banking staff that have been deemed to breach European Union law, a senior Bank of England official said on Wednesday. The EU's banking watchdog, the European Banking Authority (EBA), said on Oct. 15 that "role b

UK Earnings, Trading Statements Calendar - Week Ahead

Wednesday's newspaper round-up: RBS, Tesco, Lloyds

Royal Bank of Scotland (RBS) has avoided €115m of fines for alerting the European commission's competition regulator to two attempts to fix the prices of key interest rates, the Daily Telegraph reported on Wednesday. The bank, which is 81%-owned by the taxpayer, was hit by £390m last year for manipu

UK Earnings, Trading Statements Calendar - Week Ahead

UPDATE 2-Britain closer to sale of RBS shares

* Says time frame for RBS privatisation has accelerated * Says more interest in RBS from investors this year * Says will consider sale of RBS shares to retail investors * Says needs more clarity on future litigation before sale (Adds further comments from UKFI) By Matt S

London midday: ECB stimulus hopes lift stocks, but earnings reports mixed

Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.

UKFI says closer to selling RBS shares, institutions interested

LONDON, Oct 21 (Reuters) - The body that manages Britain's bank stakes said it is closer to selling shares in Royal Bank of Scotland and has seen growing appetite from financial institutions interested in buying the shares. Oliver Holborn, head of capital markets at UK Financial Investments

UKFI says RBS bonus plan over-ruled to avoid major controversy

LONDON, Oct 21 (Reuters) - Britain over-ruled plans by Royal Bank of Scotland to pay some staff bonuses worth twice their basic pay to avoid a major public controversy, the head of the body that owns the government's stake in bailed-out banks said. James Leigh-Pemberton, chairman of UK Fina