Search Results for: Lloyds Bank
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
U.K. Treasury Raises 4.2 Billion Pounds in Lloyds Share Sale
March 26th, 2014
The U.K. government sold a 4.2 billion-pound ($6.95 billion) stake in Lloyds Banking Group Plc (LLOY), its second disposal since rescuing the lender in the financial crisis. The government sold the shares to money managers for 75.5 pence apiece, ...
European stocks inched higher on Wednesday
December 30th, 2020
European stocks inched higher on Wednesday as UK’s approval of AstraZeneca’s COVID-19 vaccine, bets of more U.S. fiscal aid and large-scale vaccination efforts spurred hopes of a strong recovery in the global economy next year. The pan-European STOXX 600 ...
UPDATE: US stock futures advanced; Asian stocks closed mixed; Stocks advanced in Europe
October 15th, 2019
US stock futures advanced, while Asian stocks closed mixed on Tuesday as markets tried to balance fading optimism over the latest US-China trade agreement with the likelihood of a Brexit deal by Thursday’s European Union summit. In South Korea, ...
The Pound to Euro Rate Could Now go Down to 1.10
July 13th, 2017
Pound Sterling was seen staging an impressive recovery against the Euro but what will it take to turn us bullish on the currency’s prospects? Over the course of the past 24 hours Pound Sterling has fallen through a significant ...
Pound to Euro Exchange Rate Melts
May 26th, 2017
Reference rates: Pound to Euro exchange rate: 1 GBP = 1.1467, day’s best: 1.1551, low: 1.1459 Euro to Pound Sterling exchange rate: 0.8720, day’s best: 0.8726, low: 0.8657 Pound Sterling is the worst-performing currency amongst the world’s top twenty ...
Russia’s Gazprom May Move Operations From London Over Post-Brexit Trade Concerns
April 5th, 2017
According to media reports, Russia’s energy giant Gazprom may leave the United Kingdom in light of potential trading difficulties associated with the country’s departure from the European Union. Russia’s energy giant Gazprom may leave the United Kingdom in light of potential ...
Pound Sterling Jumps Against Euro, Dollar
March 23rd, 2017
The UK consumer is back, and the British Pound likes it. The ONS has reported on Thursday, March 23 that UK retail sales grew 1.4% in February in what amounts to an impressive recovery on the 1.3% contraction witnessed ...
European loan sales reach €103.3 billion for 2016
February 15th, 2017
Italy had the highest amount of NPLs at €36 billion in 2016 Deloitte expert predicts European loan sales could surpass €200 billion in 2017 Sales of European non-performing loans (NPLs) and non-core assets (NCAs) totalled €103.3 billion in 2016. ...
