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Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:07 EDTLYGLloyds deal to sell Verde branches in jeopardy, Daily Mail says
Lloyds' (LYG) agreement to sell its "Verde" group, including 632 branches, to Co-operative Group remains its "Plan A" but is taking much longer than expected and has been hampered by issues with the Co-opís IT systems, according to The Daily Mail. Lloyds may have already sounded out alternative buyers and its most likely back-up plan for the assets remains a market flotation should the Co-op deal fall through, the report added. 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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