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News Breaks | | | | November 8, 2012 | | 09:53 EDT |  | LYG | Lloyds Banking outlook lowered to negative from stable by S&P
Standard & Poor's Ratings noted Lloyds has recently announced a further GBP1B provision in relation to payment protection insurance, bringing the cumulative provision over the past two years to about GBP5.3B. S&P said, "This charge, together with other exceptional items, negatively affects our assessment of Lloyds' capital and earnings. As a result, we are less likely to revise this assessment to "adequate" from "moderate" over the next 12 months. We are therefore revising our outlook on the long-term rating on Lloyds to negative from stable. We are also affirming our 'A/A-1' ratings on Lloyds." | |
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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 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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