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News Breaks | | | | November 1, 2012 | | 06:56 EDT |  | LYG | Lloyds Banking lowers 2012 impairment charge expectations to GBP 6B
Lloyds Banking said it remains confident in achieving its existing guidance, including for the Group banking net interest margin to be around 1.93% for 2012. In addition it now expects the cost base to be close to GBP 10B in 2012, two years ahead of the original plan, a reduction of around GBP 1B since 2010. Lloyds further lowered its guidance for the Group’s full year 2012 impairment charge to approximately GBP 6B, around GBP 1.2B lower than expectations at the beginning of the year. The bank added, "We continue to be successful in achieving reductions that are capital generative. We also expect to reach our long-term loan to deposit ratio target of 100 per cent for the core business in the first quarter of 2013, at the same time as reaching a 120 per cent loan to deposit ratio for the Group. We remain confident of meeting future regulatory capital requirements, and continue to explore with our regulators the benefits of becoming a ring-fenced bank ahead of the regulatory deadline." | |
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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 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
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