Source:BBC - The Co-operative Bank has confirmed it made a loss of £1.3bn for 2013. The losses, in line with expectations, come after the bank`s failed bid to buy 632 branches from Lloyds Bank last year. The deal collapsed after the discovery of a £1.5bn black hole in the Co-op Bank`s balance sheet.
11.15 AM Apr 12th
Source:BBC - The government has sold a second block of its shares in Lloyds Banking Group overnight raising £4.2bn. Lloyds shares fell almost 5% on Wednesday, falling to below 75.5p, the price at which the 7.8% block was sold. The sale cuts the government`s holding in the bank to 24.9%, down from
2.40 PM Mar 27th
Source:BBC - Lloyds Banking Group and Barclays have both cited the Scottish independence referendum as a potential risk to their businesses. In their annual reports, the banks listed the referendum alongside a raft of other perceived risks from the UK, Europe and across the world. Finance Secretary
5.20 PM Mar 6th
Source:BBC - Two UK banks are handing out massive share awards to senior executives amid EU limits on bonuses. In their annual reports, Barclays and Lloyds Banking Group said they will pay their chief executives nearly £1m each in shares this year on top of their salaries and bonuses. The move
5.18 PM Mar 6th
Source:BBC - Lloyds Banking Group plans to axe 1,080 jobs and outsource more than 310 roles as part of a continuing overhaul of the business. It said the cuts would fall within its retail, risk, operations and commercial banking divisions. The bank said in 2011 it would cut 15,000 jobs. It said
11.55 AM Jan 29th
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