Lloyds Share News (LLOY)

2ND UPDATE: UK Retail Banks Face Competition Inquiry

UK competition watchdog orders banking probe

Britain's big banks could face a shake-up after the country's competition watchdog launched a probe into the industry. The banks' personal current accounts and small business banking were "not working well for customers", the Competition & Markets Authority (CMA) said in a statement. The CMA said

MARKET COMMENT: Ukraine And Gaza Weigh On UK Shares; Shire Deal Done

UK BROKER RATINGS: Exane BNP Upgrades Burberry To Outperform

UPDATE: UK Retail Banks Face Competition Inquiry

Friday broker round-up UPDATE

Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha

Friday newspaper round-up: Malaysia Airlines, Times Warner, UK banks...

The president of Ukraine has accused pro-Russia rebels in the east of the country of shooting down a Malaysia Airlines jet with a ground-to-air missile, killing all 298 people on board as the airliner exploded and rained down in fiery pieces over a rural Ukrainian village. The huge loss of life thre

UK Retail Banks Face Competition Inquiry

UK watchdog plans full retail bank competition probe

LONDON, July 17 (Reuters) - Britain's new competition watchdog said it plans to launch a full investigation into banking services for small businesses and personal current account customers later this year after finding a lack of competition among the big banks. The Competition and Markets

UPDATE 1-UK financial watchdog has prioritised most serious Libor cases

(Recasts with Libor priorities, adds details about fake letters, dark pools) By Kirstin Ridley LONDON, July 17 (Reuters) - Britain's financial watchdog said it had prioritised the worst cases of Libor benchmark interest rate fixing, providing a signal that the largest fines for banks'

Thursday newspaper round-up: Time Warner, Shire, BMW...

21st Century Fox, the entertainment conglomerate run by Rupert Murdoch, may have to raise its audacious $80 billion bid for Time Warner to secure the biggest media takeover since the dot-com boom. 21st Century Fox offered $86 per share in cash and shares for its rival but the approach was rejected b

Lloyds debt collection letters "calculated to mislead" -lawmaker

* Treasury committee says practice 'very concerning' * Letters appear to come from independent solicitors LONDON, July 16 (Reuters) - Letters sent by Lloyds Banking Group to debtors that appeared to come from independent lawyers were "calculated to mislead", the chairman of parliament

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