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* HSBC sets aside $149 mln to review investment advice * Follows regulator's check on advice at major lenders LONDON, Nov 4 (Reuters) - HSBC has set aside $149 million to review how it advised about 200,000 UK customers on investing a lump sum of money, the first British bank to do so
Read moreLONDON, Oct 30 (Reuters) - A vast majority of senior financial services executives want Britain to stay in the European Union but said reform is needed to cut the amount of regulation, according to a survey released on Wednesday. CityUK, which champions Britain's financial industry, said an
Read more* Regulators fine Dutch bank in rate-rigging scandal * Dutch minister attacks "shameless fraud" * Deutsche Bank, Lloyds profits hit by legal provisions * UBS forced to hold extra capital to deal with litigation By Sara Webb and Katharina Bart AMSTERDAM/ZURICH, Oct 29
Read more* Former bank CEO accused of being "strategically forgetful" * Tootell says concerns were about economics and integration * Tootell says concerns intensified during 2012 * Aspects of evidence "disappointing" - TSC Chairman Tyrie By Matt Scuffham LONDON, Oct 29 (Reute
Read more* Q3 underlying profit up 83 percent year on year * CEO says bank will become high-dividend stock * Expects significant sale of government shares in 2014 * Shares down 1.9 percent By Matt Scuffham LONDON, Oct 29 (Reuters) - Lloyds Banking Group on Tuesday set aside a
Read moreLONDON, Oct 29 (Reuters) - Co-operative Group executives raised questions over the planned acquisition by its banking arm of hundreds of its branches from Lloyds Banking Group, Co-op Bank's former chief executive told lawmakers. "There wasn't unanimous approval at all times. There were qui
Read moreShares in Lloyds Banking Group shed 2.4 percent To 77.71 pence, top fallers on Britain's FTSE 100, after the bank takes another big bill to compensate customers for mis-sold insurance products, prompting investors to lock in profits after a stellar rally. Lloyds took a 750 million pound ($1
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- Takes additional 750m pound PPI hit - Q3 statutory loss of 440m pounds - Underlying Q3 profits up 83 per cent Lloyds Banking Group reported a pre-tax loss in the third quarter after it put aside another 750m pounds to cover the cost of payment protection insurance (PPI) claims. The additional pr
Read moreLONDON, Oct 29 (Reuters) - Lloyds Banking Group said on Tuesday it had entered talks with regulators over re-starting dividends and would set out its dividend policy alongside its 2013 results in February. "We go into these discussions in a good position. We are in a stronger capital posit
Read moreLONDON, Oct 29 (Reuters) - Lloyds Banking Group's underlying profit almost doubled in the latest quarter thanks to an improved interest margin and lower costs, although the bank took another big bill to compensate customers for mis-sold insurance products. Lloyds said it took a 750 million
Read moreCity sources predict the FTSE 100 will open just one point higher than yesterday's close of 6,725.82, ahead of the release of important US data and as the Federal Reserve begins its two-day policy meeting. Both retail sales and consumer confidence figures in the US will be released later today, wi
Read moreLONDON, Oct 29 (Reuters) - Lloyds Banking Group reported an 83 percent rise in underlying profit for the third-quarter, benefiting from an improved margin, reduced costs, and fewer customers being unable to repay loans. Lloyds, which is 33 percent owned by the UK government, reported third
Read more* D.Bank, UBS, StanChart, Lloyds to report Q3 earnings * Mixed economic backdrop, regulatory concerns to weigh * UK's Lloyds to buck trend with sharp profit rise By Matt Scuffham and Steve Slater LONDON, Oct 29 (Reuters) - Grim investment bank revenues, a mixed economic ba
Read moreOct 28 (Reuters) - Britain's Lloyds Banking Group will have to spend at least another 700 million pounds ($1.13 billion) to compensate customers who were mis-sold payment protection insurance (PPI), Sky News reported, without citing sources. Part-nationalised Lloyds plans to make the annou
Read moreThe amount of "short" bets out against UK bank Lloyds has fallen to a two-year low, according to data from Markit, as Lloyds' shares have surged this year on signs of a recovery at the bailed-out bank. According to Markit, "short" interest - as measured by the amount of a company's shares o
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