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UK Government Sells 6% Stake in Lloyds to Raise £3bn
It has been reported by Financial Times that the UK government has raised £3.2bn from the sale of six percent stake in Lloyds Banking Group. It has been confirmed on Tuesday in the first stage of the...
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Government Brazens Out Critics by Entertaining Applications Three Months Earlier
Critics of the Help to Buy initiative of the government have recently been confronted by it. The government declared that applications would from this week be welcomed by it for the loan guarantees. As...
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PPI claims Drive Lloyds Banking Group Back into Red
According to a latest report, the State-backed Lloyds Banking Group has suffered a huge loss of more than £8 billion. This group has suffered a loss as it has been involved in a miss-selling scandal....
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£28m fine imposed on Lloyds For Sales Incentive Scheme
A fine of £28m was imposed on Lloyds Banking Group for "serious failings" which rewarded sales staff with 'grand in your hand' bonuses, even at times products they sold to consumers were believed to be...
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Westpac finalises Lloyds deal
The acquisition of Lloyds Banking Group assets, first announced to the market in October by Westpac has completed. On Thursday, Phil Coffey, Westpac chief financial officer said the deal had now been...
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