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Stock Market & Financial Investment News

News Breaks
May 23, 2014
07:56 EDTLYGLloyds to initiate sale of 25% in TSB stake below book value, Reuters says
Lloyds Banking will initiate the sale of 25% of its TSB division next week via a stock market flotation with the pricing foreseen to be below book value, according to Reuters, citing banking industry sources. Reference Link
News For LYG From The Last 14 Days
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August 28, 2014
06:35 EDTLYGEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone 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

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