(ShareCast News) - Lloyds Banking Group is preparing to bid for Bank of America's UK credit-card business, MBNA, in what may be its first acquisition since being rescued by taxpayers in 2009, according to a media report. MNBA, which has a loan book of about £7bn, was likely to draw interest from sev
Read more(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read more(ShareCast News) - Virgin Money's shares dropped on Wednesday after the lender warned of a slowdown in the buy-to-let market and of uncertainty ahead of the European Union referendum. The British bank reported a record 30% jump in gross mortgage lending to £2.1bn in the first quarter compared to the
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