Lloyds Banking Group Archives - International Finance

Lloyds Bank to cut 3,000 jobs

International Finance DeskJuly 28, 2016

by International Finance DeskJuly 28, 2016

This follows Britain’s decision to quit the European Union July 28, 2016: Lloyds Banking Group is set to cut 3,000 jobs and shut 200 branches as it prepares for a cut in interest rates following Britain’s decision to quit the European Union, it said. The bank, which is 9 per cent owned by the government,...

Economy

50% of oil & gas companies in UK cut jobs

International Finance DeskJune 7, 2016

by International Finance DeskJune 7, 2016

One-third of companies plan further lay-offs this year, says a report IFM Correspondent June 7, 2016: About 50% of all oil and gas companies in the UK were forced to cut jobs in the past 12 months, says a recent report. The Bank of Scotland/Lloyds Banking Group surveyed 141 companies in the sector. The report...

Banking

U.K Accounting Regulator Seeks Executive Pay Overhaul

International Finance DeskOctober 7, 2013

by International Finance DeskOctober 7, 2013

Regulators and government were contemplating for more than one year on ways to better align remuneration with company performance and hand more power to shareholders. October 7, 2013 : Clawing back bonuses from directors could be made easier as the U.K’s accounting regulator has said it may overhaul rules for corporate pay and introduce measures to...

Banking

U.K. Government to Sell Tax Payer’s Stake in Lloyd’s Banking Group

International Finance DeskJuly 9, 2013

by International Finance DeskJuly 9, 2013

Britain is keen to start selling its 20 billion pound holding in Lloyds this year, and top investment banks of the world will pitch for the job of handling the sale by a Treasury deadline on Monday. July 09, 2013 : Shares of Lloyds Banking Group jumped to 2 ½ year high on Monday as overseas...