All Entries Tagged With: "Lloyds TSB"

Lloyds, RBS, and Barclays dominate TD Waterhouse share dealing

The dealing activity at TD Waterhouse last week was dominated by buying and selling shares in UK banks such as Barclays (LON:BARC), Lloyds TSB (LON:LLOY) and RBS( LON:RBS), following the rally in the markets the previous week.

Lloyds Banking Group: Staff find out who receives £80m bonuses

Today is the day when staff at Lloyds Banking Group (LON:LLOY) find out who will receive £80 million in bonuses. Members of the majority taxpayer-owned Lloyds board have said that they will forgo their payments; the bank has said that staff will get on average £17,000 each.staff who received bonuses would be those earning on [...]

British government to drop Lloyds Banking Group interest charge

There are rumors that the British government could drop Lloyds Banking Group’s (LLOY.L) interest charge on a taxpayer loan. This interest amounts to £480 ($700 million); this will be in exchange for the bank to increase their lending to homebuyers and small businesses.

Nationwide, Lloyds TSB and HSBC new SVR

After today’s interest rate cut of half a percent only three lenders Lloyds TSB (LON:LLOY) mortgage arm Cheltenham & Gloucester (C&G), HSBC (LON:HSBA) and Nationwide have agreed to pass on the full rate cut to their Standard Variable Rate (SVR).
HSBC will pass on the full half a percent to its borrowers that are linked to [...]

Lloyds TSB: Advises to check your home insurance in the big freeze

Check your insurance policy says Lloyds TSB Insurance after the cold spell has caused many water pipes to burst.
According to Lloyds TSB repairing burst water pipes can be extremely expensive, with the average repair costing about £1,400 and in some extreme cases costing up to £40,000 to

Nationwide and Halifax will not forecast house prices

Halifax part of the HBOS group (LON:HBOS) that are merging with Lloyds TSB (LON:LLOY) and Nationwide Britain’s largest building society have announced that they will not be forecasting the UK property prices, this outlines how difficult it is for predictions to be made at the moment.
Both Nationwide and Halifax usually publish annual house price forecast [...]

HBOS announce £8 billion of bad debts ahead of Lloyds merger vote

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HBOS Plc (LON:HBOS) the troubled bank is just hours before a vote will be announced over its merger with Lloyds TSB (LON:HBOS) have announced its bad debt and other losses have jumped to £8 billion in just two months.
Shares in HBOS plunged over 19 percent on the profit warning from the UK bank, the ailing [...]

Lloyds TSB and HBOS Merger: Up to 40,000 could lose their jobs

Lloyds TSB (LON:LLOY) takeover of HBOS (LON:HBOS) could see 600 branches close and up to 40,000 jobs as the two banks merge to create the a UK superbank.
As the recession looms over the industry and the Lloyds and HBOS deal completes Mid-January the new merged bank titled Lloyds Banking Group will have to resume [...]

Lloyds TSB Chief Economist: Housing market firmer than we are led to believe

Lloyds TSB (LON:LLOY) chief Economist, Trevor Williams makes reference to the official house price figures that will be released on Tuesday, saying that the house price decline may not be as bad as we are led to believe.
With both Nationwide and Halifax reporting house prices falling around 12.4 percent in the year leading up to [...]

Lloyds TSB merger with HBOS faces legal challenge

Lloyds TSB (LON:LLOY) merger with Halifax Bank of Scotland (LON:HBOS) will come under a legal challenge today when the Competition Appeal Tribunal decides if the government made the right decision to bypass competition concerns allowing HBOS to be rescued, the hearing will begin at midday today (December 8).
The Merger Action Group (MAG) are the action [...]

Bank of Scotland & Halifax brand to stay after merger

HBOS (LON:HBOS) group Halifax and Bank of Scotland will keep their brand names after the merger with Lloyds TSB (LON:LLOY) has gone ahead the bank announced.
Bank of Scotland will primarily be the brand used in Scotland, whilst Halifax will run along with Lloyds TSB brand in England and Wales. The new Lloyds Banking Group will [...]

RBS and other main banks will own 75 percent of New Star

Royal Bank of Scotland (RBS) along with National Australia Bank (OTC:NABZY), Lloyds TSB (LON:LLOY), HSBC (LON:HSBA) and HBOS (LON:HBOS) will own 75 percent of New Star Asset Management (LON:NSAM) due to the retail investor-focused fund manager delisting from the London Stock Exchange so the company can pay down debt, under a restructuring agreement with its [...]

Royal Bank of Scotland (RBS): Agree to pass on the full cut

Royal Bank of Scotland (RBS) have said that they will pass the Bank of England full interest rate cut on to its small business customers, the 1 percent reduction will benefit over 1 million small business customers on variable rate overdrafts and loans.
RBS said that due to the Monetary Policy Committees 1 percent interest rate

No Collar Clause: Lloyds TSB, C&G and Barclays

If you have a tracker mortgage with Lloyds TSB (LON:LLOY), Cheltenham & Gloucester (C&G) or Barclays (LON:BARC), you will be pleased to hear that these lenders do not have the hidden Collar clause in their existing tracker contacts. Trackers mortgages are pegged to the Bank of England base rate so are affected if the Bank [...]

Lloyds TSB promise to pass full interest rate cut on

Lloyds TSB (LON:LLOY) have promised that they will pass on any interest rate cut the Bank of England Monetary Policy Committee will make tomorrow to its existing customers with tracker and variable mortgages.
Lloyds TSB which is presently in the process of merging with HBOS pledged back in 2002 that its variable rates would never be [...]