Lloyds TSB

Lloyds gets EU go-ahead for proposed restructuring Lloyds Banking Group has finally received state aid approval from Europe for its planned restructuring unveiled earlier this month. The green light came as strategic overhauls at...

In this article: Lloyds, European Union, Royal Bank of Scotland, Europe, Bad debt, Cheltenham & Gloucester, Intelligent Finance, and Brussels

...of Lloyds to be sold within four years include the TSB brand, and Cheltenham & Gloucester, Lloyds TSB's branches in Scotland and some additional Lloyds TSB branches in England and Wales, as well as the Intelligent Finance online banking...

In this article: Cheltenham & Gloucester, Intelligent Finance, HBOS, UK, England, and Wales

...for its 17 billion pound ($28.6 billion) government capital injection in return for shrinking its operations. EU regulators said Lloyds' plan to sell off more than 600 retail banking branches, or 4.6 percent of its total, would allow a...

In this article: Lloyds, EU, HBOS, UK, All rights reserved, Competitive advantage, Bankruptcy, and Halifax

...analysis service. Spread guidance: mid-swaps plus 65 basis points area Managing banks: Barclays Bank, Dankse Bank, RBS, SG CIB LLOYDS TSB BANK <LLOY.L> Issue: will price a 3-year unsecured benchmark bond later today, reports IFR...

In this article: Lloyds TSB BANK, BNP Paribas, RBS, Danske Bank, Fitch, Thomson Reuters, Barclays Bank, and S&P

...of Halifax/Bank of Scotland, although it will stop short of owning a 50 per cent majority stake. Lloyds declined to comment. As part of the deal, Lloyds is also considering a pre-pack administration of Admiral that will enable the pubs...

In this article: Lloyds, Halifax, HBOS, and UK

...in bad debts and take a 50 per cent stake in Chester-based Admiral Taverns. According to its last accounts, Admiral owes AGBP855m to Lloyds and a further AGBP106m to Irish Nationwide. The group, ADVERTISEMENT which has about 2,000...

In this article: Lloyds, Punch Taverns, HBOS, Bad debt, Recession, Tax, Bank of Scotland, and Enterprise Inns

...because it will mean converting their stake into equity that would be wiped out first if Lloyds got into trouble. Analysts estimate that Lloyds will have to pay between GBP100 million and GBP300 million extra a year to pay the coupon...

In this article: Lloyds, Credit crunch, and PricewaterhouseCoopers

Lloyds merged with HBOS last year Lloyds Banking Group is to cut 5,000 more jobs by the end of next year as it continues to reduce overlap following its merger with HBOS last year. Some of these cuts are temporary staff, but Lloyds said...

In this article: HBOS, Royal Bank of Scotland, and UK

...limit the net reduction in permanent jobs to 2,600. That would take net cuts to permanent jobs at Lloyds to around 9,000 since it acquired HBOS in January. Analysts have estimated that over 30,000 jobs could go as the two banks integrate.

In this article: Lloyds, HBOS, Royal Bank of Scotland, HSBC, and Britain