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LONDON, Jan 23 (Reuters) - Lloyds Banking Group said on Wednesday it was axing 940 jobs bringing the total amount cut since its ill-fated takeover of HBOS in 2009 to over 31,000. Lloyds said the jobs would be lost in its operations, insurance, retail, wealth, international and commercial d
23 Jan 13 12:34* King says may need to give more guidance on CPI goal * Remarks come after Fed, Bank of Canada change tack * Bank open to more asset purchases but no panacea * "Gentle recovery", above-target CPI seen for 2013 By Padraic Halpin and David Milliken BELFAST, Jan 22 (Re
22 Jan 13 22:34By Padraic Halpin and David Milliken BELFAST, Jan 22 (Reuters) - The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday. King also said the central ban
22 Jan 13 19:45LONDON, Jan 22 (Reuters) - British entertainment retailer HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of the 92-year-old group which sought protection from creditors last week. "Hilco UK confirms that it has acquired HMV's debt from the gro
22 Jan 13 18:25LONDON, Jan 22 (Reuters) - British firm HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of a 92-year-old entertainment retailer which sought protection from creditors last week. "The administrators will work closely with them (Hilco)... as we c
22 Jan 13 17:59Jan 22 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. UK TAKEOVER PANEL Philip Robert-Tissot, chairman of Europe, the Middle East and Africa mergers and acquisitions at
22 Jan 13 16:07HMV was handed a lifeline after restructuring specialist Hilco took over effective control of the music and DVD retailer, according to reports Tuesday. Hilco purchased HMV's debt from the group's lenders, Lloyds and Royal Bank of Scotland. It does not officially own the chain, but the transaction
22 Jan 13 13:47LONDON, Jan 22 (Reuters) - Restructuring specialist Hilco has bought the debt of HMV, according to sources close to the situation, giving it a big influence in the fate of the British entertainment retailer which fell into administration last week. Hilco, which bought HMV Canada in 2011 and
22 Jan 13 13:03LONDON, Jan 21 (Reuters) - Breaking up Royal Bank of Scotland could make it easier to sell the part state-owned British lender, a former Bank of England monetary policy committee member said on Monday. Adam Posen told lawmakers such a step would also boost competition in a market dominated
21 Jan 13 18:26* Bank's Haldane signals push to harden global rules in UK * Haldane says capital, bonus, accounting rules too weak By Huw Jones LONDON, Jan 21 (Reuters) - Bank capital rules coming into force this month are too complex and efforts to simplify them are already underway, a senior
21 Jan 13 17:27* BBA proposes April 2014 PPI claims cut-off point * FSA says considering merits of proposal * Proposal would require full public consultation LONDON, Jan 18 (Reuters) - Britain's financial regulator is considering whether to set a deadline for customers to claim compensation fo
18 Jan 13 16:08By Estelle Shirbon LONDON, Jan 17 (Reuters) - A British judge sentenced a fake property tycoon to seven years in jail on Thursday for defrauding two banks out of over 700 million pounds ($1.1 billion), but said the banks deserved some blame for poor risk controls. "The two banks, Alli
17 Jan 13 20:12By Estelle Shirbon LONDON, Jan 17 (Reuters) - A British judge sentenced a fake property tycoon to seven years in jail on Thursday for defrauding two banks out of over 700 million pounds ($1.1 billion), but said the banks deserved some blame for poor risk controls. "The two banks, Alli
17 Jan 13 16:18LONDON, Jan 17 (Reuters) - A British judge sentenced a fake tycoon who defrauded two banks out of 769 million pounds to seven years in jail on Thursday but said the banks bore some responsibility because of their poor checks. Achilleas Kallakis, 44, was convicted of fraud on Wednesday for o
17 Jan 13 13:19- World Bank, Germany cut growth estimates - Hostage crisis in North Africa - TUI Travel surges after approach from TUI AG The FTSE 100 ended moderately lower on Wednesday as markets trimmed losses by the close, though the mood was still cautious after both the World Bank and German government down
16 Jan 13 17:10
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