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Lloyds launches world's biggest ever rights issue • Lloyds Banking Group asks its shareholders for £13.5bn • 36.5 billion shares will be offered to investors at 37p each Lloyds shareholders are being asked to provide £13.5bn in fresh capital.
Tags: Lloyds Banking Group Plc, rights issues, Lloyds Raises, Lloyds Prices Rights Issue, lloyds banks, banks group, million pounds, billion pounds, United Kingdom, London, Business Finance, Severn Trent, River Severn, HBOS, Lloyds Banking Group, Stock, Lloyds Bank, FTSE 100 Index, HSBC, Blue Monday Crash, Victor Blank, Rights issue, Bank, Halifax, ACCORD, Lloyds TSB, Labor, Convertible bond, Bond, Politics, Accounting scandals
The union wants to end the link between sales and pay in banks. Photograph: David Jones/PA Finance union Unite will tomorrow embark upon a major recruitment drive at Lloyds Banking Group by launching a campaign about the "unachievable" sales targets...
As some of these cuts refer to temporary staff, the bank said the end result would be a permanent loss of 2,600 jobs in the UK.
Tags: Lloyds Banking Group Plc, Lloyds Banking Group PLC, banks group, Lloyds TSB, lloyds banks, job cut, temporary staff, net reduction
Assets being sold in Scotland include 185 Lloyds TSB branches, four branches of Cheltenham and Gloucester and the Intelligence Finance internet business. The Royal Bank of Scotland will sell off its NatWest branches in Scotland. It will also put on the...
Tags: RBS, Lloyds Banking Group, Royal Bank of Scotland, royal banks, lloyds banks, British Treasury, banks group, chief executive
RBS admits EU sale plan Brussels wants taxpayer-funded bank to sell off its insurance operations, hundreds of branches and its US retail arm, Citizens RBS shares fell this morning on news of the EU demands. Photograph: Matt Dunham/AP Royal Bank of Scotland...
Tags: RBS, billions pounds, royal banks, UK Treasury, Royal Bank of Scotland, Lloyds Banking Group, banks group, Lloyds To Escape, lloyds banks, Ulster Bank
B Three new banking chains to be created, offering a better deal for the consumer Three new high-street banking chains are expected to be created by the government by splitting up Royal Bank of Scotland and Lloyds Banking Group , it emerged last night.
Tags: Britain, banks group, royal banks, lloyds banks, Royal Bank of Scotland, Lloyds Banking Group, street banks
The split paves the way for the British government to recoup some of the money it spent nationalising the besieged bank...The good bank would take deposits, provide new lending and hold some existing mortgages, and would eventually be sold. National Australia...
Tags: Northern Rock, European Commission, royal banks, Lloyds Banking Group, banks group, UK arm, Royal Bank of Scotland, Banco Santander
Lloyds Banking Group has sold its Halifax estate agencies for £1 to the owner of the Your Move sales and lettings business, with the loss of up to 460 jobs...The operation is one of the last estate agencies owned by a banking group.
Tags: Lloyds Banking Group Plc, Lloyds Banking Group PLC, Lloyds Banking Accepts, Halifax Estate Agencies, banks group, lloyds banks, LSL Property Services PLC, Halifax Estate Agency, Virgin Mobile France, agency business
Belgian investment group RHJ International is paying £225m for the business in a deal which should be completed early next year. RHJ said it planned to use Kleinwort as an "overarching brand for its financial businesses going forward." Commerzbank acquired...
Tags: Kleinwort Benson, RHJ International, Commerzbank AG, RHJI, private banks, buy kleinwort, dresdner banks, banks group, Dresdner Bank, group rhj
Miners may be booming but banks are letting the side down at the moment, following reports that Lloyds Banking Group plans to raise up to £25bn to avoid the government's asset protection scheme...The suggestion is that Lloyds is considering a £15bn rights...
Tags: Lloyds Banking Group PLC, Lloyds Mulling, rights issue, Financial Times, lloyd banks, banks group, billion pounds, U.K