The precision timing of Lloyds’ share sell-off
If anyone was in any doubt that the sale of Lloyds and RBS shares was politically motivated, Monday’s move by the Treasury was the proof that was needed.
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If anyone was in any doubt that the sale of Lloyds and RBS shares was politically motivated, Monday’s move by the Treasury was the proof that was needed.
Lloyds Banking Group is “back in the black” as it posts profits of £2.1bn for the first half of 2013 – sparking a surge in share price and expectations of a government sale of its stake in the bank.
A plan to sell more than 600 branches of part-nationalised Lloyds to the Co-op for £750m falls through, as the buyer says the economic climate is too poor.
Britain’s largest mutual bank pulls out of a deal to buy 600 Lloyds bank branches, leaving the high street to the big four banks. But does it signal the end of the ethical banking revolution?
Lloyds Banking Group loses more than half a billion pounds as a result of the mis-selling scandal – and announces that staff will share a bonus pot of £365m.
The bill for mis-sold payment protection insurance (PPI) at taxpayer-backed Lloyds Banking Group tops the £5bn barrier as claims against the bank continue to pile up.
Scores of Halifax and Lloyds TSB customers have their cards rejected and been left unable to use some ATMs across the country.
Part-nationalised Lloyds bank has posted total losses of £3.5bn for last year, but says it is “in a significantly stronger position than it was 12 months ago”.
Five current and former bankers at Lloyds will be stripped of about £1.4m in bonuses over their role in the mis-selling of payment protection insurance (PPI).
Lloyds Banking Group announces losses of £3.3bn after putting aside £3.2bn to compensate people who were mis-sold payment protection insurance.
Lloyds Banking Group will cut 15,000 more jobs by 2014 as part of new Chief Executive Antonio Horta-Osorio’s strategic review.
Shares in Lloyds Banking Group plummet after the bank takes a double blow from the Irish crisis and the Payment Protection Insurance scandal. Faisal Islam looks at how this hits the taxpayer.
As Lloyds Banking Group reveals its first annual profit since the taxpayer bailout, outgoing chief executive Eric Daniels tells Channel 4 News he does not regret “one minute” of his tenure.
Exposure to Ireland’s crippled economy will force Lloyds Banking Group to write down more than £4bn of loans – a “not helpful, but not life-threatening” step, one analyst tells Channel 4 News.
More than a million customers have complained to their bank or building society this year, a rise of 5 per cent on 2009. Channel 4 News samples the most common complaints.