Shareholders back record rights issue

Birmingham : United Kingdom | 1 day ago

More than 99 per cent of voting shareholders backed a plan for the bank to raise the equivalent of 15 billion euros ($A24.37 billion), the company said in a statement. Lloyds Banking Group (LBG), 43-...

Tags: Lloyds Banking Group, shareholder backing, lloyds shareholder, Birmingham, United Kingdom, Business Finance, HBOS, Lloyds Bank, Eric Daniels, United Kingdom bank rescue package

David Prosser: Honesty is always the best policy

London : United Kingdom | 3 days ago

Royal Bank of Scotland are breathtaking, but the fact the Bank of England has managed to keep them secret until a time of its own choosing is also interesting. A little over a year previously, when ...

Tags: Bank of England, Royal Bank of Scotland, banks sector, United Kingdom, London, Business Finance, HBOS, Lloyds Banking Group, Bank of Scotland, United Kingdom bank rescue package

MPC was split on quantitative easing

Boé : France | 9 days ago

Bank of England MPC split three ways on quantitative easing Minutes show seven members voted for £25bn expansion, with one pushing for £40bn and the chief economist cautioning against any increase ...

Tags: Bank of England MPC, The Bank of England, quantitative easing, chief economist, Monetary Policy Committee, David Miles, seven member, Spencer Dale, economist spencer, billion pounds

Bank of England May Continue Economic Policy

London : United Kingdom | 16 days ago

The Bank of England said Wednesday that it was open to pumping more money into the still-struggling economy, a warning to economists who had interpreted recent steps as a sign that the central bank ...

Tags: The Bank of England, european stock, Britain, economic recovery