All Entries Tagged With: "Lloyds TSB"
Lloyds TSB, HBOS and Bank of Scotland: Aid for Small Businesses
Lloyds TSB (LON:LLOY) and HBOS (LON:HBOS) have unveiled packages to help small businesses. Both banks are in the process of merging to create a super bank.
Bank of Scotland is in talks with the European Investment Bank to allow discounted lending rates for small businesses with £250 million funding.
Lloyds TSB is set to help businesses with [...]
FTSE 100 Slow Start: HBOS and Lloyds TSB Gain
In London this morning the FTSE 100 index has been extremely slow, something brokers have not seen for quite a while. Everyone has the eye on the FTSE today hoping that it will reach 4262 if it does then it will mean we saw the biggest weekly gain ever on the FTSE 100. Early this [...]
95.98 per cent of Lloyds TSB shareholders vote yes
A whopping 95.85 percent of Lloyds TSB (LON:LLOY) shareholders voted for the HBOS (LON:HBOS) takeover to go ahead, even though some shareholders were not happy about some aspects of the deal.
Comments weighed heavily on HBOS Chief Executive Officer. Andy Hornby’s consultancy fee, others worried about the government’s
Government warn RBS, Lloyds TSB and HBOS of Nuclear option
Today British banks like, Royal Bank of Scotland (RBS), HBOS and Lloyds TSB (LON:LLOY) will be warned by the UK Government that they may take the ‘nuclear option’ which will mean they will be forced into full nationalization if they do not resume lending to businesses.
The Chairman of the Commons Treasury select committee, John McFall [...]
Lloyds TSB and HBOS deal is as ‘good as done’
After 96 percent of Lloyds TSB (LON:LLOY) shareholders voted yes to the HBOS (LON:HBOS) takeover analysts are now predicting the deal will go ahead and it’s as ‘good as done’.
The deal has caused huge speculation over the last few weeks about whether shareholders of both HBOS and Lloyds TSB would back the deal, knowing that [...]
Gordon Brown in talks with RBS, Lloyds and HBOS
Prime Minister Gordon Brown revealed that he is still in talks with Royal Bank of Scotland (RBS) Lloyds TSB (LON:LLOY) and HBOS today in regards to the promise they made to the UK government that lending activity would be at 2007 levels and how they intend to resume lending and work through the global financial [...]
Update: Lloyds TSB shareholders approve HBOS takeover
Lloyds TSB (LON:LLOY) shareholders today at an extraordinary general meeting in Glasgow regarding the controversial merger with HBOS (LON:HBOS) have given their approval. The move comes a day after Alistair Darling the Chancellor warned that if the deal failed it could end up extremely costly for HBOS.
It has been widely expected that Lloyds TSB
Lloyds TSB and HBOS Investor Vote Update
Lloyds TSB (LON:LLOY) shareholders will be voting today to decide if they want the bank to take over HBOS (LON:HBOS). Yesterday the Chancellor of the Exchequer Alistair Darling made it clear that if they rejected the merger deal it could end up being extremely expensive for the owner of Bank of Scotland and Halifax (HBOS).
If [...]
RBS, Lloyds TSB and HBOS Nosedive: Investor Hopes Disappear
Royal Bank of Scotland (RBS) fell to the lowest level in 16 years yesterday, with the UK Treasury injecting £37 billion ($55.5 billion) into the UK bank next week it gives little time for investors to regain hope and want to invest in the bank when the stock is deteriorating so rapidly.
RBS, which was Britain’s [...]
HBOS Union Accord Push for Lloyds TSB Merger
Lloyds TSB (LON:LLOY) taking over HBOS (LON:HBOS) is the best thing that could happen right now since there is no other serious bidder according to trade union Accord.
Accord that is the trade union which represents the employees of HBOS said it’s would be unlikely that HBOS could survive as an independent bank. The general secretary [...]
Stocks Fall Hard: Lloyds TSB and HBOS on Takeover Vote
With two days to go before Lloyds TSB (LON:LLOY) shareholders get to vote on the HBOS (LON:HBOS) takeover shares in both HBOS and Lloyds TSB have tumbled, with HBOS falling 10.8 percent to 77.1 in early trade and Lloyds TSB seeing a 9.8 percent decline to 149.6.
The deal has sparked major controversy due to the [...]
Update: Lloyds TSB and HBOS plummet amid FTSE Crisis
November 16. Shares in Lloyds TSB (LON:LLOY) tumbles 5.3 percent or 8.8p and HBOS (LON:HBOS) falls 4.16 percent or 3.6p as The Confederation of British Industry (CBI) warns that we are heading for a more prolonged and deeper recession that was originally thought.
The FTSE 100 plummeted 0.54 percent or 22.90 points by mid-morning trade, following [...]
Government backs off RBS, Lloyds TSB and HBOS after bailout
The UK banks who agreed to the £37 billion rescue from the government, Royal Bank of Scotland (RBS), Lloyds TSB (LLOY), and HBOS will not see government officials sitting in their board rooms instead the government will be conducting business at arm’s length whilst they managed the taxpayers share of equity in the giant banks.
However [...]
RBS staff celebrations: Will cost taxpayers £1 million
Royal Bank of Scotland (RBS) will be spending £1 million on Christmas staff parties, this shocking news came just days after it was exposed they spent £300,000 on a party for 40 of the bank’s senior employees and 30 partners, costing £4,285.71 per head, not bad for a night out.
RBS is set to receive a [...]
Lloyds TSB launches Tracker Mortgage at 4.89 percent
Although Lloyds TSB (LON:LLOY) did pass on the full 1.5 percent base rate to its existing customers, if you are a new customer looking for a tracker mortgage then you will not benefit from the full 1.5 percent cut, Lloyds TSB has followed the lead of Abbey and hiked up the amount it charges above [...]