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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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March 2, 2015
06:32 EDTLYGLarge EU banks may come under scrutiny for reciprocity, WSJ says
The banking practice of reciprocity -- giving work to competitor banks in order to foster relationships or reward past deals -- may come under investigation by the U.K. Financial Conduct Authority, reports the Wall Street Journal, citing a person familiar with the regulator. The FCA believes the practice may be anticompetitive, but it hasn't yet determined the scope of its investigation into EU banks. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
February 27, 2015
06:16 EDTLYGLloyds Banking to recommend a dividend resumption of 0.75 pence per share
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06:14 EDTLYGLloyds Banking sees FY15 net interest margin to be around 2.55 per cent
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06:12 EDTLYGLloyds Banking reports FY14 underlying profit GBP 7.8B vs. GBP 6.2B last year
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February 25, 2015
09:44 EDTLYGLloyds seeks adjustment of CEO bonus, Sky News says
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February 24, 2015
13:07 EDTLYGEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
February 23, 2015
06:37 EDTLYGU.K. lowered Lloyds Banking stake, NY Times says
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