News Breaks |
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| February 19, 2013 |
| 06:30 EDT |  | LYG | FSA fines Lloyds GBP4.3M for delayed PPI redress payments
The Financial Services Authority has fined three Lloyds Banking Group firms a total of GBP4.3M for failings in their systems and controls that resulted in up to 140,000 customers receiving delayed payment protection insurance redress. The three firms are Lloyds TSB Bank Plc, Lloyds TSB Scotland Plc and Bank of Scotland plc. LBG agreed to settle with the FSA at an early stage of the investigation and therefore qualified for a 30% discount. Without the discount LBG would have been fined GBP6.16M. Reference Link |
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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
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| 06:01 EDT | | LYG | Lloyds Banking confident it can meet capital requirement, WSJ reports
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| 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 |
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| May 13, 2013 |
| 10:36 EDT | | LYG | Lloyds Banking confirms plan for Chairman Bischoff to retire
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| 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. |
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| 06:49 EDT | | LYG | ECB member says negative deposit rates would help economy, Reuters says
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