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State-backed Lloyds Banking Group is handing out 395 million pounds ($651.12 million) in bonuses for last year, including an award of just under 2 million pounds to its chief executive, Sky News reported, without citing sources. British taxpayers'
Lloyds Bank is poised for a return to private ownership within 18 months, while part-nationalised rival Royal Bank of Scotland faces some major hurdles before it can regain independence. The British government viewed its September sale of a 6 percent
Taxpayers took a loss of at least £230 million from the return of a 6 per cent chunk of Lloyds Banking Group to the private sector, according to a National Audit Office (NAO) report. The figure, which takes into account the cost of borrowing money to
The family owned five horses and enjoyed several foreign holidays a year to Florida, the South of France, their villa in Majorca and, every New Year without fail, Barbados for two weeks. They would also eat at restaurants at least twice a week. '
Lewis Carroll , Through the Looking-Glass, and What Alice Found There (1871) I recently revisited an interesting book by evolutionary scientist Matt Ridley that was the subject of a previous blog...Continuous improvement allows living species to
ET Aberdeen Asset Management PLC is set to buy Scottish Widows Investment Partnership from Lloyds Banking Group PLC for £500 million ($803 million) in shares in a deal that could be announced Monday, according to people familiar with the deal process.
The body that owns Britain's bank stakes resisted proposals by the government to cut bonuses at Royal Bank of Scotland and Lloyds more sharply, its boss said on Tuesday. Finance Minister George Osborne had proposed steeper cuts in bankers' pay than
It could also mean some 1,000 job cuts and the closure of 15% of branches. BBC business editor Robert Peston said barring unexpected disasters, the bank's future had been secured. The move follows the discovery of a £1.5bn hole in its balance sheet
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A man waits outside the corporate headquarters of Lloyds Banking Group in the City of London August 1, 2013. Shares in Lloyds Banking Group hit a 3-year high on Tuesday amid speculation the British government could start selling down its 39 percent