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Stock Market & Financial Investment News

News Breaks
May 21, 2014
11:37 EDTLYGLloyds Banking to cut 645 additional jobs, ITV reports
Lloyds Banking says it plans to cut 645 jobs and close a telephone banking centre in Warington that will account for 180 of the job losses, reports ITV. In a statement by the company, it said "Compulsory redundancies will always be a last resort. In fact, since the strategic review in 2011 around only a third of role reductions have led to people leaving the group through redundancy." Total job losses have added up to 13,500 since it first announced its strategic review in 2011. Reference Link
News For LYG From The Last 14 Days
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July 28, 2014
06:12 EDTLYGLloyds to probe 15 staff members over Libor rigging accusations, Daily Mail says
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July 27, 2014
16:03 EDTLYGUK's stake in Lloyds Banking may be sold as early as October, Mail Online says
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July 25, 2014
06:40 EDTLYGLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European 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
06:03 EDTLYGLloyds confirms late stage settlement discussions with agencies
Lloyds Banking Group notes the recent media coverage regarding potential settlements with a number of government agencies and their investigations into submissions, communications and procedures around the setting of Interbank Offered Rates and other benchmarks. LBG confirms that it is in late-stage settlement discussions with a number of agencies. The settlements remain to be agreed and LBG expects they will include the payment of penalties. LBG will update the market on these issues as appropriate.
July 24, 2014
15:00 EDTLYGLloyds to announce Libor fines of up to GBP300M next week, FT says
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July 18, 2014
11:21 EDTLYGBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
July 16, 2014
10:24 EDTLYGHigh option volume stocks:
High option volume stocks: AMSC FTNT LYG TSEM FOXA HCA BKE XON LCI ASML
July 15, 2014
10:24 EDTLYGLloyds gets closer to libor deal with U.S., U.K., WSJ says
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