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News Breaks | | | | May 9, 2012 | | 12:09 EDT |  | LYG | Lloyds may ask European Commission for more time to shed branches, Reuters says
Lloyds (LYG) may ask for more time from the European Commission to shed about 630 branches, as regulatory hurdles have hindered their sale, Reuters reports. An extension of the November 2013 deadline would allow Lloyds more time to prepare an IPO for the branches if it cannot sell them. Reference Link | |
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News For LYG From The Last 14 Days Check below for free stories on LYG the last two weeks. |
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| 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 | | | May 7, 2013 | | 05:57 EDT | | LYG | J Sainsbury in talks with Lloyds over Sainsbury's Bank JV, Reuters reports
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