Tag: Lloyds Banking Group PLC

• Thursday, January 24th 2019 - 07:26 UTC

  Luxembourg reaping London's financial services triggered by Brexit

  

  Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union.

• Wednesday, May 17th 2017 - 09:36 UTC

  Lloyds Bank returns to private sector; at height of financial crisis government held 43% of shares

  

  The British government has confirmed its remaining shares in Lloyds Banking Group have been sold, eight years after pumping in £20bn to save it. Lloyds Bank said the government will see a return of £21.2bn on its investment.

• Sunday, April 23rd 2017 - 06:51 UTC

  UK government recovers the £20.3bn spent bailing out Lloyds Banking Group

  

  The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more - £20.4bn - back.

• Monday, April 17th 2017 - 12:33 UTC

  Post-Brexit: Lloyds Group wants to convert its Berlin branch into a European hub

  

  Lloyds Banking Group has decided to set up a European base in Germany after the UK leaves the EU, according to the BBC. Lloyds has decided to convert its Berlin branch into a European hub, in order to maintain a presence inside the EU, sources told the BBC.

• Wednesday, November 23rd 2016 - 15:02 UTC

  British government sells 721m Lloyds shares; stake down to 8%

  

  The British government has taken advantage of recent share price strength and sold 721m Lloyds Banking Group shares. The share sale reduces the government’s stake in the lender to just under 8%. In total, the taxpayer owns a cool 5.7bn shares in Lloyds.

• Tuesday, October 6th 2015 - 07:54 UTC

  UK announces retail sale of £2 billion worth of shares in Lloyds Banking Group

  

  The British government said on Monday it plans to sell at least £2 billion ($3.04 billion) worth of shares in Lloyds Banking Group PLC to the general public at a discount next spring as part of a broader move to cash out its stake in the bailed-out lender.

• Thursday, October 9th 2014 - 07:05 UTC

  Senior UK banker admits conspiring to defraud by manipulating the Libor rate

  

  A senior banker from a UK bank has admitted conspiring to defraud over manipulating the Libor lending rate. The banker, who cannot be named for legal reasons, is the first person in the UK to plead guilty to the offence.

• Wednesday, July 30th 2014 - 07:45 UTC

  UK and US fine Lloyds group £218m for manipulating the Libor rate

  

  Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.

• Friday, July 12th 2013 - 08:08 UTC

  World banks lining up submissions for the nationalized 39% holding in Lloyds

  

  Top banks are putting their submissions to the UK Treasury to run a potential £20bn sale of the nationalised part of Lloyds Bank. Banks have until Monday to make their pitch to handle the sell-off of the government's 39% holding in Lloyds, with the sale of RBS, which is 81% owned by the taxpayer, to come later.

• Saturday, September 8th 2012 - 06:58 UTC

  Banking group Lloyds selling Uruguay’s operations to Swiss Banque Heritage

  

  Banking group Lloyds announced on Friday its intention to sell its operations in Uruguay to Banque Heritage (Uruguay) SA in an effort to scale back its international presence.