Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

UK regulator says satisfied with Lloyds, RBS capital plans

Wed, 22nd May 2013 10:07

LONDON, May 22 (Reuters) - Britain's financial regulatorsaid it had finalised capital requirements for Royal Bank ofScotland and Lloyds Banking Group and wascomfortable with their plans.

The Prudential Regulation Authority said it would releasemore information when it had concluded discussions with allbanks, including, where necessary, if banks need to take stepsto meet any shortfalls.

Lloyds and RBS each said on Wednesday they did not need toissue more equity, and would meet extra capital needs by sellingassets and through retained earnings and restructuring plansthat are underway.

Related Shares

More News
23 May 2024 10:44

IN BRIEF: Lloyds Banking to redeem USD1.5 billion senior notes

Lloyds Banking Group PLC - Edinburgh-based lender - Issues notice of redemption for entire USD1.50 billion outstanding principle amount of its 3.870% ...

16 May 2024 13:05

Activists disrupt Lloyds Bank shareholder meeting

LONDON, May 16 (Reuters) - Activists disrupted Lloyds Banking Group's annual shareholder meeting in Glasgow on Thursday, protesting against the bank...

16 May 2024 11:16

Activists disrupt Lloyds Bank shareholder meeting

LONDON, May 16 (Reuters) -

14 May 2024 16:18

UK dividends calendar - next 7 days

9 May 2024 15:49

UK shareholder meetings calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.