New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 1, 2012
06:56 EDTLYGLloyds 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 Groupís 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."
News For LYG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 13, 2015
06:54 EDTLYGBoE eyes crushing fears over bank ringfencing rules, FT says
The Bank of England's Prudential Regulation Authority on Thursday will seek to crush fears that the split of retail and banking activities will cause capital to be trapped, the Financial Times reports. Some senior bankers, notably at HSBC (HSBC), have fought new rules that force the largest banks to hive off their consumer lending operations into separately governed and funded entities, the report says. Groups with large investment banking arms, including Barclays (BCS) and HSBC, will be hit harder than others, including Lloyds (LYG) and Santander (SAN), the report says. Reference Link
October 2, 2015
08:40 EDTLYGLloyds Banking to hold a conference call
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use