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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:46 EDTLYGLloyds considers sale of $840M of Irish real estate loans, Bloomberg reports
Lloyds Banking Group (LYG) may sell about $840M of Irish real estate loans as the lender extracts itself from Western Europe’s biggest property crash, sources say, reports Bloomberg. The bank will have to sell at a discount, a source added. Reference Link
News For LYG From The Last 14 Days
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August 3, 2015
09:12 EDTLYGU.K. government may start RBS sell-off in next two weeks, Daily Mail reports
The U.K. government might start the sell-off of its 79% stake in RBS (RBS) within the next two weeks, the Daily Mail reports, citing "press reports." Tentative plans were drawn up by U.K. Financial Investments for the sale of a GBP2B holding in RBS, the report says. The move follows the government reducing its stake in Lloyds (LYG) by 1% last week, taking the taxpayer's holding down to just under 14%, the report says. Reference Link
July 31, 2015
12:10 EDTLYGLloyds eyes acquisitions for first time since bailout, Bloomberg reports
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05:55 EDTLYGLloyds Banking announces interim dividend of 0.75 pence per share
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05:51 EDTLYGLloyds Banking sees FY15 net interest margin to 2.6%
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05:50 EDTLYGLloyds Banking reports 1H15 underlying profit GBP 4.38B vs. GBP 3.82 last year
Reports 1H15-end fully loaded common equity tier 1 ratio 13.3%. Reports 1H15 total income up 2% to EUR 9.87B. Reports 1H15 impairment charge down 75% to EUR 179M. Reports 1H15 underlying return on required equity of 16.2%. Reports 1H15 statutory profit before tax up 38% to EUR 1.19B. Reports 1H15 strong balance sheet and liquidity position with CET ratio of 13.3%.
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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