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Stock Market & Financial Investment News

News Breaks
February 24, 2012
05:38 EDTLYGLloyds expects external environment to remain challenging in 2012
Remains confident that medium-term financial targets, as set out in its June 2011 Strategic Review are achievable over time. Lloyds says as anticipated, it now expects the attainment of income related targets, including for other operating income, to be delayed beyond 2014 as a result of the weaker than expected economic outlook. As a consequence, also expects the attainment of its return on equity target to be delayed beyond 2014. Given expectation of further deposit growth, expect to reach medium-term Group loan-to-deposit ratio target of 130% or below by the end of 2012, two years ahead of plan. For 2012, Lloyds expects income to be lower than 2011 given the economic outlook, further non-core asset reductions, subdued demand in the core loan book, higher wholesale funding costs, and interest rates likely to remain at low levels for longer. Also sees full year banking net interest margin to be below 2% in 2012, falling year-on-year by approximately the same amount in 2012 as in 2011, primarily driven by continuing high wholesale funding costs.
News For LYG From The Last 14 Days
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March 2, 2015
06:32 EDTLYGLarge EU banks may come under scrutiny for reciprocity, WSJ says
The banking practice of reciprocity -- giving work to competitor banks in order to foster relationships or reward past deals -- may come under investigation by the U.K. Financial Conduct Authority, reports the Wall Street Journal, citing a person familiar with the regulator. The FCA believes the practice may be anticompetitive, but it hasn't yet determined the scope of its investigation into EU banks. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
February 27, 2015
06:16 EDTLYGLloyds Banking to recommend a dividend resumption of 0.75 pence per share
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06:14 EDTLYGLloyds Banking sees FY15 net interest margin to be around 2.55 per cent
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06:12 EDTLYGLloyds Banking reports FY14 underlying profit GBP 7.8B vs. GBP 6.2B last year
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February 25, 2015
09:44 EDTLYGLloyds seeks adjustment of CEO bonus, Sky News says
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February 24, 2015
13:07 EDTLYGEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
February 23, 2015
06:37 EDTLYGU.K. lowered Lloyds Banking stake, NY Times says
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