Tuesday, February 21, 2012

Lloyds banking group

  • Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc (LLOY) are set to post losses for 2011 this week before returning to profit as the state-controlled U.K. banks cut thousands of jobs and finish a series of writedowns.
  • (Bloomberg)
  • Feb. 20 (Bloomberg) -- Lloyds Banking Group Plcs former chief executive officer, Eric Daniels, will lose 40 percent of his final bonus as he and 12 other current and former executives were penalized for improper sales of insurance products.
  • (BusinessWeek)
  • LONDON (AP) -- Some present and past executives of part-nationalized Lloyds Banking Group stand to have some of their past bonuses taken away as the bank tries to clean up its image and finances, news reports said Monday.
  • (Yahoo Finance)
  • Citigroup analyst Andrew Coomb said last week that U.K. banks could see weak loan growth in 2012 as households and corporations cut debt levels amid a tough economic environment and regulators press them to raise capital ratios.
  • (Yahoo Finance)
  • Royal Bank of Scotland has put the bill to clean itself up at £38bn.
  • (The Guardian)
  • Feb 08 - Standard Poors Ratings Services said today that it has raised the ratings on 40 C rated hybrid capital securities issued by Lloyds Banking Group (Lloyds; A-/Stable/A-2) and related entities.
  • (Reuters UK)
  • Banco Santander, Axa, Westpac, Lloyds Banking Group and other institutional investors worth a total of $10 trillion have called for 415 of the world's largest public companies to enact cost-effective management and reductions of their carbon emissions.
  • (Environmental Leader)
  • Communications Systems, Inc. was founded in 1969 and is headquartered in Minnetonka, Minnesota.
  • (TMCnet)
  • The part-nationalised Lloyds Banking Group and Royal Bank of Scotland are expected to report combined losses of at least £4 billion for last year.
  • (Google)
  • LONDON, UNITED KINGDOM — The four sites being closed all belong to the Banks Group Operations Division, which carries out back office processing for the Bank, and are: -- Kingsway, Scunthorpe Mortgage Unit (208.
  • (msnbc.com)

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