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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
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August 28, 2014
06:35 EDTLYGEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone 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). Reference Link

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