Lloyds Share News (LLOY)

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,

UK competition watchdog considers small business banking probe

* Watchdog will decide whether to launch full probe later in year * OFT says SMEs may not be getting best deal from banks * UK finance ministry 'determined to increase competition' * Big 5 lenders account for three-quarters of SME lending By Matt Scuffham LONDON, Mar

BP denies inappropriate currency trading by its dealers

LONDON, March 11 (Reuters) - British oil company BP said none of its currency traders had engaged in inappropriate trading activity, after a media report alleged one of them had received information from a dealer at Lloyds Banking Group . Allegations of possible manipulation of the $5.3 tr

RPT-EU lawmakers to press Barnier on scope of bonus cap rule

By Huw Jones LONDON, March 10 (Reuters) - European Union rules to cap bankers' bonuses were in doubt on Monday after the bloc's lawmakers agreed to consider a revamp to stop Britain's banks softening their impact. The cap is one of the most high-profile rules from the 28-country bloc

EU lawmakers to press Barnier on scope of bonus cap rule

By Huw Jones LONDON, March 10 (Reuters) - European Union rules to cap bankers' bonuses were in doubt on Monday after the bloc's lawmakers agreed to consider a revamp to stop Britain's banks softening their impact. The cap is one of the most high-profile rules from the 28-country bloc

Lloyds urged to get "fairness" opinion on bond offer

* Retail investor campaigner hits back after Lloyds offer * Taber says retail offer not fair relative to the institutional offer By Steve Slater LONDON, March 10 (IFR) - Britain's financial watchdog has been urged not to approve Lloyds Banking Group's offer to buy back bonds fro

RPT-Mentor women after maternity leave, says Morgan Stanley boss

By Anjuli Davies and Sophie Sassard LONDON, March 7 (Reuters) - For top Morgan Stanley financier Cecile Houlot-Hillary, every day brings pressure in the form of complex bond deals, intense competition and demands from high level clients. But, says the 17 year veteran of investment ban

RPT-Mentor women after maternity leave, says Morgan Stanley boss

By Anjuli Davies and Sophie Sassard LONDON, March 7 (Reuters) - For top Morgan Stanley financier Cecile Houlot-Hillary, every day brings pressure in the form of complex bond deals, intense competition and demands from high level clients. But, says the 17 year veteran of investment ban