Lloyds Share News (LLOY)

Bank of England toughens bank, insurance customer protection

* Full compensation on many policies from July 2015 * BoE proposes 24-hour shift in deposits from failed lender LONDON, Oct 6 (Reuters) - The Bank of England is proposing tougher protection for customers of banks and insurers that fail in a bid to avoid the panic seen when Northern Ro

UK MORNING BRIEFING: Tesco Leads Opening Gains As It Bolsters Board

MARKET COMMENT: UK Stocks To Make Positive Start Following Asia Gains

PRESS: Lloyds To Cut Thousands Of Jobs In Strategy Shift - The Times

MEDIA- Thousands of jobs to go in Lloyds revamp - The Times

-- Source link: (http://thetim.es/1yGinhh) -- Note: Reuters has not verified this story and does not vouch for its accuracy

Sunday newspaper round-up: Tesco, Supermarkets, BP

Tesco is planning a boardroom purge after a string of profit warnings and the revelation of a £250m hole in its accounts, the Sunday Times said. The retailer was planning to unveil up to three non-executive directors 10 days ago but the accounting problem put the announcement on hold. Patrick Kenned

New UK banking venture Atom appoints lawmaker McFall to board

By Matt Scuffham LONDON, Oct 3 (Reuters) - New British banking venture Atom has appointed John McFall, the former chairman of an influential parliamentary committee, as its senior independent director subject to a planned launch in 2015. Atom, which is applying for a banking licence a

Banks seek flexibility in last major post-financial crisis regulation

By Laura Noonan and Douwe Miedema LONDON/WASHINGTON, Oct 3 (Reuters) - The world's largest banks are pushing regulators for more flexibility in the last major set of rules to come out of the global financial crisis: requirements that would double the capital cushion banks are forced to hold

Friday broker round-up UPDATE

Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target

Punch Taverns gets Lloyds Bank approval for restructuring

Oct 2 (Reuters) - Punch Taverns Plc said it had received approval from Lloyds Bank Plc for its plan to restructure its 2.3 billion pound ($3.7 billion) debt. The pub operator said in August that owners of 65 percent of its notes supported the plan, but that it had yet to secure the backing

UPDATE 1-Bank of England backs flagship government mortgage guarantee scheme

* No change to government Help to Buy mortgage scheme * BoE asks for more powers to rein in home loans, buy-to-let * Banks to be told new leverage limit by end of month (Adds reaction from lenders and economists) By David Milliken and Huw Jones LONDON, Oct 2 (Reuters) -

Bank of England to unveil bank leverage ratio plans this month

By Huw Jones LONDON, Oct 2 (Reuters) - The Bank of England will tell lenders at the end of this month what their key measure of insulation against future crises should be, bringing forward a keenly-awaited announcement from 2015 after draft proposals worried banks and lawmakers. Banks

Bank of England backs flagship government mortgage guarantee scheme

* No change to government Help to Buy mortgage scheme * Banks to be told proposed leverage ratio by end of month * BoE asks for more powers to rein in home loans, buy-to-let * Finance minister Osborne welcomes BoE Help to Buy verdict By David Milliken and Huw Jones L

UPDATE 2-Windfalls for Branson, UK government and staff in Virgin Money IPO

* Virgin Money to raise 150 mln pounds from IPO * Company expected to be valued at 1.5 bln-2 bln pounds * Branson, Wilbur Ross to sell shares in offer (Adds CEO comments, details on shareholdings) By Steve Slater LONDON, Oct 2 (Reuters) - Britain's government, almost 3,0

SIG Refinances GBP250 Million Facility On More Favourable Terms