* Bank needs dividend go-ahead for sale to happen -sources * Lloyds is in talks with regulator over paying dividend * Outcome of dividend talks remains uncertain -sources * Shares need to be trading above 80 pence for sale -sources By Matt Scuffham LONDON, Oct 9 (Reu
Read moreThe long list of challenger banks, both those who have recently floated as well as those which are waiting in the wings to do so, enjoy some important advantages over their big four rivals (HSBC, Barclays, Lloyds, RBS). Namely, they lack the legacy problems which are dogging their competitors and th
Read more* Banks must submit 'ring-fence' plans by Jan 6 * Depositor protection increased to 1 mln stg for temporary savings * Deposits must move in 24 hrs to another bank if one fails * No detail yet on what capital separate UK unit must hold (Adds more detail on costs, implementation
Read moreLloyds Banking Group is set to slash thousands of jobs as the UK lender closes more branches in response to the advance of digitisation. The bank is expected to axe positions in areas such as new account opening and mortgage processing, The Times reported, as the bank computerises manually completed
Read more(Corrects to show deadline is in three months, not two) * Banks have to submit ring-fence plans to BoE by Jan 6 * Banks must outline legal, operational structures * Capital requirements for ring-fenced banks expected 2015 LONDON, Oct 6 (Reuters) - Britain's banks have thre
Read moreLONDON, Oct 6 (Reuters) - The Bank of England said on Monday that British banks must submit plans for splitting their investment banking activities from their routine retail operations by Jan. 6, 2015. The Bank of England said UK banks - including Barclays , HSBC, Royal Bank of Scotland and
Read more