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Co-operative Bank halts new business lending The Co-op's lending to retail customers is unaffected Co-operative Bank has stopped offering new business loans amid concerns over its capital position. The bank is continuing to provide lending to
Ian Larkin was due to replace the Abu Dhabi-listed lender's current CEO Graham Honeybill in July but barely six weeks since arriving at the bank to prepare to take the helm the former managing director of Lloyds TSB Commercial Finance has quit, the
Its newly created Financial Policy Committee announced that the big UK banks were short of capital to protect themselves against potential future losses and then quantified that gap as £25bn that needed to be raised by the end of this year. Never
dropped 2p to 61p during early London trade this morning after the bank said it had raised £450m following the sale of part of its stake in St James's Place ( LSE: STJ )...The shares of St James's Place dived 62p, or 10%, to 578p in response.
Agence France-Presse Getty Images The Lloyds Banking Group and Royal Bank of Scotland plan to retain earnings and sell assets to increase their capital reserves. Two of Britain's largest banks outlined plans on Wednesday to increase their capital
Today Watch stocks you care about The single, easiest way to keep track of all the stocks that matter.....EDT the index had dropped back to 6,801 for a three-point loss while we wait for the latest U.S. Federal Reserve update -- we should probably
Wednesday that it is confident it can strengthen its capital position as demanded by the U.K. regulator without issuing new shares or being forced to convert bonds into shares. The Prudential Regulation Authority, a successor to the Financial
The International Monetary Fund (IMF) is set to tell the British government to dump its stakes in Royal Bank of Scotland and Lloyds following their bail-out during the financial crisis, The Times reported on Tuesday. An IMF report on the state of the
The latest UK government paper on the impact of Scottish independence will claim the UK is better placed to manage the risk of a financial crisis. The Treasury will publish its analysis of financial services on Monday. It will say an independent
Lloyds Banking Group's share price passed 61.2p in morning trading, the break-even point for the government's investment in the group. British taxpayers own 39% of Lloyds after the government pumped £20.5bn ($31.4bn) into the debt-laden bank in 2009.