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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
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July 18, 2014
11:21 EDTLYGBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
July 16, 2014
10:24 EDTLYGHigh option volume stocks:
High option volume stocks: AMSC FTNT LYG TSEM FOXA HCA BKE XON LCI ASML
July 15, 2014
10:24 EDTLYGLloyds gets closer to libor deal with U.S., U.K., WSJ says
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July 11, 2014
06:48 EDTLYGBank of England says banks' capital requirement could rise, Reuters reports
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July 10, 2014
07:08 EDTLYGECB keeps tight grip on banks with health check results, Reuters says
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banksí balance sheets and measure their ability to handle shock and stress. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
July 9, 2014
10:34 EDTLYGLloyds Banking to cut 500 jobs in finance, retail, Daily Telegraph reports
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July 8, 2014
07:49 EDTLYGEU banks on pace to shed record EUR100B on unwanted loans, FT says
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