Lloyds Share News (LLOY)

More Britons move banks as new rules speed up process

* Number of customers switching up 16 percent in six months * Competition body to decide on inquiry this week LONDON, July 16 (Reuters) - New rules making it easier for Britons to switch banks resulted in a 16 percent increase in the number of customers moving accounts in the first ha

Lloyds nears deal to settle Libor investigation -WSJ

LONDON, July 15 (Reuters) - U.S. and British regulators are nearing a deal with Lloyds Banking Group to resolve investigations into the bank's alleged attempts to manipulate benchmark interest rates, the Wall Street Journal said on Tuesday. The newspaper, citing people familiar with the mat

MEDIA-Lloyds nears Libor settlement with U.S., U.K. regulators-WSJ

-- Source link: (http://on.wsj.com/W73CTm) -- Note: Reuters has not verified this story and does not vouch for its accuracy

Bank of England condemns UK banks' mis-selling of rate swaps

* BoE says UK banks have "dreadful record" of mis-selling * Deputy governor Bailey promises more vigilance in future * Lawmakers fear BoE complacent over high-frequency trading * One MP calls Carney "sly", would not play cards with him By David Milliken and Tess Little

Broker tips: Lloyds, Telecom Plus, Michael Page

Deutsche Bank has chosen to reiterate its 'buy' rating on Lloyds Banking Group ahead of the lender's second-quarter results at the end of the month, saying that it its "top pick" in the UK banking sector. "LBG provides attractive and cost-effective exposure to a strong UK economy, a profitable bank

Deutsche Bank names Lloyds as "top pick" amongst UK banks

Deutsche Bank has chosen to reiterate its 'buy' rating on Lloyds Banking Group ahead of the lender's second-quarter results at the end of the month, saying that it its "top pick" in the UK banking sector. "LBG provides attractive and cost-effective exposure to a strong UK economy, a profitable bank

UK BROKER RATINGS: Canaccord Resumes Quindell With Buy

Tuesday broker round-up UPDATE

Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba

UPDATE 1-UK watchdogs to publish HBOS bank failure review by year end

* Extensive work already done on review * HBOS had to be rescued in financial crisis (Adds more detail, background) By Huw Jones LONDON, July 11 (Reuters) - The long-running review into why HBOS bank failed will be published by the end of the year now that disciplinary proceed

UPDATE 2-UK banks may have to hold more capital than under global rule

* BoE outlines two possible leverage ratio supplements * Supplements would likely take effect from 2019 * Bankers say plans go too far, create complexity (Adds banking industry reaction) By Huw Jones LONDON, July 11 (Reuters) - The Bank of England (BoE) proposed on Frida

UK watchdogs to finalise review into HBOS bank failure

LONDON, July 11 (Reuters) - A review into why HBOS bank failed is to go ahead now that enforcement proceedings linked to the failure have been concluded, Britain's financial regulators said on Friday. HBOS, Britain's biggest mortgage lender, had to be rescued at the height of the financial

UPDATE 1-British banks paying $2 billion for swaps mis-selling -regulator

(Adds details, background) LONDON, July 11 (Reuters) - Britain's banks are in the process of paying out 1.2 billion pounds ($2 billion) to compensate small businesses that were mis-sold complex interest rate hedging products, data from the UK financial watchdog showed on Friday. The f

Bank of England says may be case for extra leverage ratio for banks

(TXT) LONDON, July 11 (Reuters) - The Bank of England said on Friday that big British banks and lenders might need to set aside more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis. Launching a public consultation on a new so-called l

FTSE 100 movers: LSE drops on Qatar sale, Portugal fears hit banks

London Stock Exchange was one of the worst performers on the FTSE 100 on Thursday after Qatar Investment Authority cut its 15% stake in the exchange operator by a third ahead of the UK-listed firm's planned $1.6bn rights issue to fund the acquisition of Frank Russell. Concerns about contagion from

Sector movers: Banks drop on fears over Portugal's banking sector

UK-listed banking stocks felt the brunt of the sell-off on Thursday as concerns about Portugal's financial sector prompted investors to scale back risk appetite. The retreat followed widespread pressure across European equity markets after a missed debt payment by Espirito Santo International, the