Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
Britain is set to announce on Tuesday a long-awaited deal with its bailed-out banks, including a record rights issue for Lloyds Banking Group and hefty disposals for Royal Bank of Scotland to appease the EU competition regulator and boost competition.
Britain's top share index looked set to end the month crawling into positive territory by midday on Friday as U.S. data from the previous session helped lift banks, offsetting weak commodities.
European shares turned positive on Thursday after data showed the U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded.
Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.
BP's incoming chairman, the former Ericsson boss Carl-Henric Svanberg, will lead a shake-up of the oil giant's boardroom when he takes over, The Sunday Times reported.
Belgian phone operator Belgacom's international carrier business said on Thursday it had signed a preliminary deal with Royal Bank of Scotland (RBS) to enhance its system which enables mobile phone customers to transfer money from one mobile phone to another.
Private equity houses, including U.S. firms Blackstone and KKR, are showing greater flexibility in approaching target assets as they face more pressure to deploy their capital, an M&A banker said.
Royal Bank of Scotland is considering a plan which could result in the sale of just over 10 percent of its British branches in a move to ease EU concerns over state aid, a source familiar with the matter said.
HSBC Holdings Plc is in advanced discussions to acquire the banking assets of Royal Bank of Scotland in three Asian countries, the Wall Street Journal online reported on Wednesday.
HSBC Holdings Plc is in advanced discussions to acquire the banking assets of Royal Bank of Scotland in three Asian countries, the Wall Street Journal online reported on Wednesday.
Lloyds Banking Group topped the list for complaints to a consumer watchdog in the first half of the year with payment protection insurance drawing over a quarter of all cases in the finance sector.
Royal Bank of Scotland has appointed Goldman Sachs to consider a sale or other options for RBS Aviation Capital, one of the world's biggest plane leasing businesses, a person familiar with the matter said.
The UK government and Lloyds Banking Group have reached a 1 billion pound ($1.62 billion) deal to enhance Lloyds business lending, the Financial Times reported on Tuesday.
Royal Bank of Scotland has suffered a damaging but not yet destructive exodus of top staff and some areas of investment banking had lost significant numbers, the British bank's chief executive said.
Royal Bank of Scotland reported more losses on Friday as investment banking profits failed to offset bad debts, and the state-controlled lender warned of more poor results to come before a lasting recovery.
Royal Bank of Scotland reported more losses on Friday as investment banking profits failed to offset bad debts and the state-owned lender warned of more poor results to come before its own and the economy's recovery.
