Stock Market & Financial Investment News

News Breaks May 1, 2012 06:19 EDT LYG Lloyds Banking denies bid Scottish Windows, Daily Mail says Lloyds Banking (LYG) has denied receiving a multi-billion pound bid for Scottish Windows, reports the Daily Mail. After reports circulated it received a bid from private equity firm Duke Street, Lloyds denied the bid and said the insurance arm is not for sale. Reference Link News For LYG From The Last 14 Days Check below for free stories on LYG the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 11:20 EDT LYG Lloyds Banking looks to sell $8.7B U.S. mortgage portfolio, WSJ says Lloyds Banking Group is looking to sell about $8.7B of U.S. mortgage securities, says the Wall Street Journal, citing a person with knowledge of the sale. The proposed sale comes as the bank continues to "shore up" its balance sheet after the "financial crisis," added the WSJ. Reference Link May 22, 2013 07:58 EDT LYG RBS: No new shares needed to meet regulatory capital requirements, FT reports Subscribe for More Information 06:01 EDT LYG Lloyds Banking confident it can meet capital requirement, WSJ reports Subscribe for More Information May 16, 2013 12:32 EDT LYG EU bank stress test delayed until 2014 by regulator The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link May 13, 2013 10:36 EDT LYG Lloyds Banking confirms plan for Chairman Bischoff to retire Subscribe for More Information 07:29 EDT LYG Skillsoft to host a conference 2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. 06:49 EDT LYG ECB member says negative deposit rates would help economy, Reuters says Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.