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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
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
GMG chief executive to step down from board of Lloyds Banking Group Carolyn McCall cites growth in time commitment since banking crisis in her decision to leave post in December GMG chief executive Carolyn McCall. Photograph: Sarah Lee The Guardian...
Tags: Lloyds Banking Group First, banks group, Sir Win Bischoff, lloyds banks, chief executive, Carolyn McCall, executive directors, GMG, gmg chief, United Kingdom, Manchester
City fund managers fear that a bumper rights issue from Lloyds Banking Group could close the rights issue market for other companies. One leading institutional investor said: "If we are asked to back a big cash-call from Lloyds it will suck the liquidity...
Tags: Lloyds Banking Group, banks group, lloyds banks, Belgium, Brussels
The European Commission has warned Lloyds Banking Group that it may have to split off Halifax as punishment for the billions of pounds of state aid that it has received. Neelie Kroes, the Competition Commissioner, has yet to make a final decision, but...
Tags: Lloyds Banking Group, banks group, Halifax, lloyds banks, Neelie Kroes, European Commission, EU Competition, Brussels, force lloyds, final decision, United Kingdom, London