Lloyds Share News (LLOY)

UPDATE 2-Bank of England imposes 7-year bonus clawback on errant bankers

(Rewrites first paragraph, adds detail, banking reaction, link to factbox) By Huw Jones LONDON, July 30 (Reuters) - Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tighten

UK fraud squad considers criminal probe into rate rigging at Lloyds-sources

By Kirstin Ridley and Matt Scuffham LONDON, July 30 (Reuters) - Britain's Serious Fraud Office (SFO) is examining material that might trigger a criminal investigation into former and current staff at Lloyds Banking Group, the partly state-owned bank, sources said on Wednesday. The sou

London midday: UK stocks flat ahead of US data, Fed decision

- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,

Bank of England finalises bonus clawback, proposes new rules for individuals

- BoE can claw back bonuses 7yrs after award - New proposals to hold individuals to account - 'Toughest banking rules in the world' The Bank of England (BoE) has finalised rules on bankers bonuses that could see the clawback of awards a maximum of seven years after they are awarded, with the new me

UK WINNERS & LOSERS: Barclays Beat Sends Banks Higher

MARKET COMMENT: Banks Lead Mixed Stocks As Market Awaits US GDP

BoE says banker bonuses can be clawed back for up to seven years

LONDON, July 30 (Reuters) - Bankers who break the rules may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday. The Bank had proposed in a consultation paper in March there could be clawback of bonuses up to six years from the date th

London open: Stocks slip as investors digest earnings, Barclays rises

- Barclays rises as investors digest wave of corporate earnings - Russian sanctions, Gaza and Argentina in focus - US economic data, Fed decision due out later on techMARK 2,785.48 +0.12% FTSE 100 6,797.66 -0.15% FTSE 250 15,671.08 -0.10% UK markets opened slightly lower on Wednesday as investors

Wednesday newspaper round-up: Sanctions, Centrica, Microsoft...

EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country's oil industry, in response to Moscow's continued backing for separatists in eastern Ukra

PRESS: SFO Sends In Specialists To Probe Lloyds - FT

UK Earnings, Trading Statements Calendar - Week Ahead

MEDIA-Guardian Care Homes set to sue Lloyds in Libor case -The Times

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

Bank of England to impose tough new bonus clawback rules

The Bank of England (BoE) has decided to push ahead on its plans for super-tough bonus clawbacks on City bankers. The rules have been described as the toughest in the banking world but also "unreasonable" and even "unenforceable". A BoE consultation paper in March suggested bankers could be force

BoE to increase oversight of bankers and their bonuses

By Huw Jones LONDON, July 29 (Reuters) - Top bankers in Britain will become directly accountable for their actions under proposals from regulators on Wednesday, with those behaving recklessly facing a spell in jail. The Bank of England will also publish final rules on clawing back bon

UK Earnings, Trading Statements Calendar - Week Ahead