Britain's Lloyds Banking Group will probably sell 30 to 50 per cent of its stake in the 631 bank branches being rebranded as TSB when the new entity floats on the stock market in 2014, a newspaper reported.
TSB's chief exe
British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group, the Sunday Times reported without citing sources.
Shares the government owns in Royal Bank of Sc
Lloyds Banking Group (LBG) has capped a bad week for Britain's state-rescued lenders by announcing losses of billions of pounds due to huge compensation payouts and euro zone debt exposure.
A day after Royal Bank of Scotland (RBS) said
Lloyds Banking Group, Britain's largest retail bank, posted a 6.3 billion pounds ($9.66 billion) loss in 2009, as the part-nationalised British bank lost 24 billion pounds on loans that soured, mostly from old HBOS assets.
The bank sai
Lloyds TSB Middle East, part of the Lloyds Banking Group, has appointed Richard Musty as the new head of its Middle East business.
“We recognise that the coming year will be a crucial period for the Banking industry and that there are many
Part-nationalized Lloyds Banking Group unveiled a 10 billion pound ($14.28 billion) loss for 2008 and said it had not finalized a plan to put billions of pounds of assets into a UK government-backed insurance scheme.
Lloyds said talks with