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Lloyds, RBS groups to broken up and three new banks created
Three old banking names will arrive back on the British high street, the UK Govenment is expected to anounce this week.They are to split up the Lloyds, RBS and the Northern Rock banking groups and form three new banks. Both banks are basically owned by the taxpayer,... Sri Lanka rejects LTTE offer to enter Democratic Process
" Sri Lanka rejects LTTE offer to enter democratic process May 25, 2009 07:25 am Sri Lanka’s defence secretary Gotabhaya Rajapaksa has rejected the LTTE’s offer to enter a democratic process after... Scottish Newspaper banned from Lloyds bank press meeting
Reporters from a Scottish newspaper, the Scotsman were not allowed in to a meeting with other journalists in London regarding the Lloyds banking group. The newspaper which is based in Edinburgh has been clear... HBOS deal to save Lloyds £1.5bn
Lloyds has said that its acquisition of HBOS would save it at least £1.5bn ($2.4bn) a year, raising fears of heavy job losses from the merger. Both banks have also unveiled further write-downs on assets ravaged by the credit crunch, with HBOS hardest hit. The banks also...European stock markets surge more than 5 per cent
European stock markets rebound in early deals on Monday, with London, Frankfurt and Paris each up more than five per cent. Stocks also soared more than five per cent in Zurich and Amsterdam after European leaders agreed to inject billions of dollars of... Government Set to Takeover HBOS as Lloyds TSB Merger Flounders
THE government is set to make an announcement before the markets open this morning of a £49bn rescue package, which will in effect mean that the government becomes the majority shareholder in the HBOS group,...
created by Christina 123 | 1 year ago | updated 1 year ago
780 views | 10 recommendations | 2 comments
780 views | 10 recommendations | 2 comments
HBOS Shares Rally Well as Backers Express Confidence in Lloyds TSB Merger
HBOS shares have rallied for the second day running as investors express their confidence in the Loyds TSB merger deal, with the backing of Prime Minister Gordon Brown. After dropping by 20% on Tuesday the share price has gained 21% yesterday and another 10%...HBOS Shares Slump Sparking Fears of Merger Fall- Through
THERE were fears for the solidity of the HBOS-Lloyds TSB Group merger package today as HBOS share slumped another 20% sparking off speculation that the banking group needs to be revalued. Gordon Brown...European Stockmarkets spooked by fresh credit crunch fears
London stock exchange opened with deep correction after the news of fresh credit crunch. Investors mood are turned sombre with similar news from other European exchanges. "Fears of fresh losses in the financial...Lloyds TSB Bank to outsource trade back-office processing to Wachovia
""Our customers will be the ultimate beneficiaries of this agreement," said Paul Baker, Lloyds TSB Bank PLC, managing director, Group Operations. "This agreement with Wachovia will enable us to provide a stronger, more comprehensive customer proposition, while increasing...Revenue renews offshore sweep
"Plans for a renewed assault on tax evaders with undeclared offshore accounts are being drawn up by Revenue & Customs, which has called an exploratory meeting with 170 banks, brokers and wealth managers for Tuesday. . The Revenue wants to widen its net to catch more...
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