Lloyds Banking pushes for softer 'ringfencing' rules, FT says Lloyds Banking is aiming for softer treatment from the Prudential Regulation Authority on new “ringfencing” rules as it worries it will otherwise have to cease investment banking activities, reported the Financial Times. Reference Link
Lloyds Banking reports Q1 underlying profit GBP 2.18B vs. GBP 1.8B Reports Q1-end fully loaded common equity tier 1 ratio 13.4% vs. 12.8% last quarter. Reports Q1 profit before tax and sale of TSB GBP 1.87B. Reports Q1 total income GBP 4.64B. Reports total costs flat YoY with increased investment in the business. Reports Q1 impairment charge reduced to GBP 177M. Reports Q1-end tangible net assets per share increased to 55.8p.