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Stock Market & Financial Investment News

News Breaks
June 5, 2014
06:14 EDTLYGLloyds attracting strong interest for sell off TSB, The Daily Mail says
Lloyds is attracting strong demand for TSB as it prepares to float the spin-off challenger bank on the stock market, reports The Daily Mail. It has dismissed speculation that it will capitalize by selling off 30% of shares in TSB. The float is expected to value TSB at around GBP 1.5B. Reference Link
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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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