UK to sell Lloyds Bank shares worth $6.9 billion
LONDON (Reuters) - Britain will sell a further 7.5 percent stake in Lloyds Banking Group , worth about 4.2 billion pounds ($6.9 billion), via a placing to institutional investors, UK...
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RBS in contact with Sumitomo over Citizens sale: sources
LONDON/TOKYO (Reuters) - Royal Bank of Scotland has had contact regarding the possible sale of its U.S. retail business Citizens with Sumitomo Mitsui Financial Group , while Mitsubishi UFJ Financial...
UK considers changes to bank levy as proceeds fall short
LONDON (Reuters) - Britain is considering changes to its three-year-old bank levy after failing to raise as much as expected from the tax, which some banks have said unfairly penalizes...
UK considers changes to bank levy as proceeds fall short
LONDON (Reuters) - Britain is considering changes to its three-year-old bank levy after failing to raise as much as expected from the tax, which some banks have said unfairly penalizes...
Lloyds Bank disappoints on dividend after mis-selling charge
LONDON (Reuters) - Lloyds Banking Group dashed investors' hopes of receiving a dividend for 2013 after it took a further 1.8 billion pound ($3 billion) mis-selling charge that will blunt...
Virtuous veterans hard to find in British banking
LONDON (Reuters) - Calling all senior, experienced British bankers with a clean charge sheet and political nous. There might be a chairmanship role awaiting. With three of Britain's four major...
Critic of RBS business lending had own complaint against bank
LONDON (Reuters) - The author of a report that criticizes Royal Bank of Scotland's dealings with small businesses had lodged a complaint about the way his own business was treated...
RBS brings in lawyers to review treatment of ailing small firms
LONDON (Reuters) - Royal Bank of Scotland has appointed law firm Clifford Chance to conduct an inquiry into the treatment received by small business customers in financial distress, responding to...
Co-op Group’s former CEO says banking arm’s fate ‘a tragedy’
LONDON (Reuters) - The mutually-owned Co-operative Group's former chief executive Peter Marks told UK lawmakers on Tuesday the fate of its ailing Co-operative Bank was "a tragedy" and questioned whether...
RBS chief says bad bank review a distraction
LONDON (Reuters) - Royal Bank of Scotland's (RBS) new Chief Executive Ross McEwan said a government review into whether the bank should be broken up is distracting executives looking to...