Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, posted its fourth consecutive annual loss after earmarking 3.5 billion pounds ($5.8 billion) to compensate clients wrongly sold loan insurance and swaps. The net loss narrowed to 838 million pounds for 2013 from 1.43 billion pounds in 2012, the London-based bank […]
Tag: Lloyds Banking Group
Banks Accused Of ‘Despicable’ Lack Of Lending
Britain’s banks are ruining the country’s fledgling businesses by withdrawing funding, according to the author of a scathing dossier. Lawrence Tomlinson, entrepreneur in residence at the Department for Business, Innovation and Skills (BIS), has provided the Business Secretary with claims of alleged misconduct towards companies by the lenders, including the […]
Lloyds nets $775 million from St. James’s share sale
Lloyds Banking Group PLC has sold a 20 percent stake in wealth manager St (BSE: STCORP.BO – news) . James‘s Place for 520 million pounds gross ($775 million), in a long-flagged deal that boosts its capital reserves. The state-supported lender has sold 101.7 million shares for 510 pence per share, […]
