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Lloyds Banking Group News

Lloyds Banking Group

26 Sep 2017

Lloyds bank to transfer 1,000 staff to Tata Consultancy Services

No time frame for the move was given.

17 May 2017

Britain sells its last remaining stake in Lloyds Banking Group

The takeover of HBOS in 2008 caused Lloyds to suffer more than 25 billion pounds in losses, with the bailout leaving the government with a 43 percent state shareholding.

28 Jul 2016

Brexit shockwaves hit British jobs, consumer confidence

Shockwaves from Britain`s vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country`s biggest banks, consumer confidence plunging, and construction and car sales slowing.

Lloyds Banking Group

28 Jul 2016

Lloyds to cut 3,000 jobs, close more branches after Brexit shock

Lloyds Banking Group is to step up its cost cutting plans to help to offset a more testing economic environment caused by Britain`s vote to quit the European Union.

14 Feb 2016

GLOBAL ECONOMY WEEKAHEAD - Desperately seeking signs of inflation

Now that markets have delivered their verdict on inflation - it`s not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world`s major economies.

Lloyds Banking Group

12 May 2015

Britain cuts Lloyds bank stake to below 20%

Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday.

Lloyds Banking Group

27 Feb 2015

Britain's Lloyds Banking Group returns to profit

Lloyds Banking Group has posted its first annual profit since a 2008 bailout by the British government, edging it closer to a return to full private ownership, results showed on Friday.

23 Feb 2015

Britain sells 1% stake of Lloyds bank for $769 million

The Treasury announced in a statement that the sale has trimmed the government`s stake from 24.9 percent to just under 24 percent.

28 Oct 2014

Britain`s Lloyds Banking Group says to cut 9,000 jobs

Britain`s state-rescued Lloyds Banking Group announced on Tuesday that it plans to cut 9,000 jobs by the end of 2017 to slash costs.

Lloyds Banking Group

22 Oct 2014

British bank Lloyds to cut tenth of workforce: Report

Lloyds Banking Group is to cut about 9,000 jobs, roughly a tenth of its workforce in the next three years, Sky News reported on Wednesday citing anonymous sources.

31 Jul 2014

Lloyds bank says interim net profits more than halve

Britain`s state-rescued Lloyds Banking Group said Thursday that net profits slumped 57 percent in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging.

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