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Stock Market & Financial Investment News

News Breaks
February 5, 2013
06:25 EDTLYGLloyds Banking CEO, chairman grilled by banking commission, The Telegraph says
Lloyds Banking (LYG) CEO Antonio Horta Osorio and Chairman Winfried Bischoff are facing questions on standards of the banking sector, reports The Telegraph. Horta-Osorio said the bank implemented a strategy 18 months ago that helped exit riskier investment banking activities and added that payouts may be curbed this year. It also said the bank will only be 'slightly bigger' than before it acquired Halifax. Reference Link
News For LYG From The Last 14 Days
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July 22, 2015
19:14 EDTLYGJudge says Lloyds must release records in HBOS case, Reuters reports
London's High Court of Justice has ruled that Lloyds must disclose any legal advice it received prior to its acquisition of Halifax Bank of Scotland, as part of a GBP350M lawsuit brought by a group of Lloyds investors, Reuters reported earlier. The lawsuit alleges that Lloyds failed to disclose details of financial vulnerability at HBOS prior to seeking shareholder approval, said the report. Reference Link
July 21, 2015
06:08 EDTLYGU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link

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