Lloyds Share News (LLOY)

REFILE-Banks to be hit with Microsoft costs for running outdated ATMs

* Microsoft withdraws support for Windows XP on April 8 * U.S., UK major banks negotiate fees for extended support * 95 percent of world's 2.2 million ATMs run on outdated XP * One-third of ATMs have been upgraded to Windows 7 * Cost of upgrade for each UK bank around $100

RPT-Banking's back room risk cops step into top jobs

By Steve Slater LONDON, March 16 (Reuters) - Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up. Industry-wide investigations into alleged exchange

Lloyds to grow SME lending by 1 bln pounds in 2014

LONDON, March 16 (Reuters) - Lloyds Bank said it will grow its lending to small-and-medium enterprises (SMEs) by a further 1 billion pounds this year, seeing stronger growth prospects for smaller businesses as Britain's economic recovery takes hold. Lloyds's pledge comes after British polit

Banking's back room risk cops step into top jobs

By Steve Slater LONDON, March 16 (Reuters) - Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up. Industry-wide investigations into alleged exchange

UPDATE 2-U.S. regulator sues 16 banks for rigging Libor rate

By Nate Raymond and Aruna Viswanatha NEW YORK/WASHINGTON, March 14 (Reuters) - The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. The global financial i

US FDIC sues 16 banks for rigging Libor

NEW YORK, March 14 (Reuters) - The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates. The lawsuit, filed in the federal district court in New York, was the latest to accuse financial institutions of

UK watchdog chief urges shareholders to curb bankers' pay

LONDON, March 14 (Reuters) - Shareholders in Britain's banks should resort to using "big sticks" if they are serious about tackling excessive pay at banks, a top regulator said on Friday. Martin Wheatley, chief executive of the Financial Conduct Authority, told London's Evening Standard tha

Lloyds: FSA had no "fatal concerns" over Co-op's 'Ferrari'

By Steve Slater LONDON, March 14 (Reuters) - Lloyds Banking Group codenamed Co-op Bank as "Ferrari" during its talks to sell it more than 600 branches, before the mutual's bid came to a sputtering halt last year, the bank's minutes showed. Lloyds said it chose to sell the branches to

UK banks to boost profits in 2014 but face more charges, says S&P

The UK's biggest banks are set to increase their profits this year, but financial hits from reforms linked to past scandals are likely to keep coming, according to a rating agency. Barclays, HSBC, Lloyds Banking Group and the Royal Bank of Scotland are set to focus on improving returns and putting

UPDATE 2-Bankers behaving badly face 6-year bonus clawback by BoE

Bank of England proposes six-year clawback on bankers' bonuses

* New rule due to be in force from January 2015 * Broad scope proposed to include bosses of misbehaving staff By Huw Jones LONDON, March 13 (Reuters) - Misbehaving bankers and their bosses will have to hand back bonuses up to six years after they pocketed the cash under a propos

Wednesday newspaper round-up: Co-op, Mortgage rates, Travelex

On Tuesday evening the Co-op decided on a revamp of its governance structure to a two-tier system. There will be one group resembling the top of a public company which will in turn report to a more traditional Co-op-style board of members. The change will be voted on May 17th by the group's regional

UPDATE 1-BoE to check banker allowances comply with bonus cap

By Huw Jones LONDON, March 11 (Reuters) - The Bank of England is scrutinising allowances awarded to top staff by banks in an effort to establish whether they are a covert way of avoiding a new European Union cap on bonuses, a senior official at the central bank said on Tuesday. From n

EH UPDATE 1-Lloyds Bank to cap pension increases for 35,000 staff

* Move will save bank 1 billion pounds * Union says decision is disgraceful By Matt Scuffham LONDON, March 11 (Reuters) - Lloyds Banking Group said on Tuesday it would cap the pensions of around 35,000 employees in a move that will boost income by 1 billion pounds ($1.66 billio

Lloyds Bank to cap pension increases for 35,000 staff

LONDON, March 11 (Reuters) - Lloyds Banking Group said on Tuesday it would cap the pensions of around 35,000 employees in a move that will boost income by 1 billion pounds ($1.66 billion) but risks a backlash from disgruntled employees. Lloyds, which is 33 percent-owned by the government,