Lloyds Share News (LLOY)

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

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