Search results for ‘Lloyds’
215 items found
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Northern Rock sold to Virgin for £747m
Northern Rock will be sold to Virgin Money for an initial £747m, at an estimated loss of over £400m to the taxpayer. But the government insists it was the best deal on the table.
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Banks fail to give appropriate financial advice
Leading high street names, including state-owned banks, are among financial institutions found to be offering poor or inadequate investment advice, according to consumer group Which?
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Spain downgraded by credit agency
Standard & Poor’s cuts Spain’s credit rating because of an unpredictable financial climate and slow growth.
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Falling credit ratings at UK financial firms
Credit agency Moody’s downgrades the rating of 12 UK institutions, including Lloyds and RBS. Meanwhile the sovereign ratings of Italy and Spain slide downwards as the eurozone crisis deepens.
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What does Moody’s downgrade mean for the UK?
Channel 4 News Economics Editor Faisal Islam, explains what Moody’s downgrade of 12 UK institutions means for the public and the banks.
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Labour unveils plans to heal economy
Shadow Chancellor Ed Balls says he would use any profit from selling the state’s share in banks to pay off the national debt.
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UK banks face major overhaul by 2019
Britain’s banks are asked to ring-fence their retail and investment banking arms by 2019, but one analyst tells Channel 4 News that “all stakeholders will be hit by the costs”.
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Global market falls continue
Another 3 per cent was wiped off London’s leading shares today as more heavy losses for banking stocks pushed the FTSE 100 Index below the 5000 barrier.
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£62bn wiped off FTSE as it suffers worst fall in three years
London’s leading shares index fell 4.5 per cent today, the 9th biggest fall in its history, amid fears the world is sliding into a double dip recession.
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UK unemployment rises by 38,000
The number of unemployed people in the UK has risen by 38,000. The figure has surprised many economists who were expecting a drop in the number of jobseekers.
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Will short-selling ban work to calm markets?
Business Correspondent Siobhan Kennedy suggests the ban on short-selling in France, Belgium, Spain and Italy could do more harm than good.
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Wall Street stocks slide despite early rally
Stocks resume their slide in Wall Street amid renewed concerns over the health of the US economy, abruptly ending an early boost by shares in London.
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RBS in red after Greek debt crisis
RBS announces half-year losses of £794m after writing off its exposure to Greek debt and putting aside money to compensate people who were mis-sold payment protection insurance.
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Barroso urges action to avert eurozone crisis
The head of the European Commission Jose Manuel Barroso urges eurozone countries to move quickly to convince the markets that they have the financial crisis under control.
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Shares slump amid euro fears
Almost £50bn is wiped off the FTSE 100 as investors take cover from the economic “perfect storm” of a eurozone sovereign debt crisis, problems in the US and fears over UK growth.
