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Lloyds Banking Group PLC (LYG.N)

LYG.N on New York Stock Exchange

3.64USD
22 Sep 2017
Change (% chg)

$-0.01 (-0.27%)
Prev Close
$3.65
Open
$3.65
Day's High
$3.65
Day's Low
$3.62
Volume
671,111
Avg. Vol
696,370
52-wk High
$3.87
52-wk Low
$2.57

Latest Key Developments (Source: Significant Developments)

Lloyds Banking appoints Scott Barton to mid markets role
Friday, 22 Sep 2017 08:12am EDT 

Sept 22 (Reuters) - LLOYDS BANKING GROUP PLC ::‍SCOTT BARTON HAS BEEN APPOINTED TO ROLE OF MANAGING DIRECTOR, MID MARKETS FOR COMMERCIAL BANKING DIVISION OF CO.‍BARTON WILL REPORT TO DAVID OLDFIELD, GROUP DIRECTOR OF COMMERCIAL BANKING​.‍BARTON COMES FROM STANDARD CHARTERED WHERE HE WAS HEAD OF CORPORATE AND INSTITUTIONAL BANKING, EUROPE. HE JOINS CO ON 1 NOVEMBER​.  Full Article

Lloyds' MBNA chief gets nod to assume charge of bank's overall credit cards operation - Sky News
Monday, 4 Sep 2017 07:12am EDT 

Sept 4 (Reuters) - :Lloyds' MBNA chief gets nod to assume charge of bank's overall credit cards operation - Sky News, citing insiders.  Full Article

Lloyds to pay 283 mln stg in compensation over mortgage fees
Thursday, 27 Jul 2017 02:18am EDT 

July 27 (Reuters) - Lloyds Banking Group Plc :Britain's FCA says Lloyds to set up redress scheme for mortgage customers who incurred fees after they fell behind with their mortgage payments.Lloyds has committed to refund all fees charged to customers for arrears management and broken payment arrangements from 1 January 2009 to January 2016.Lloyds estimates that approximately 590,000 customers will receive redress payments, totalling around 283 million stg.  Full Article

Lloyds Banking Group sees FY asset quality ratio less than 20 bps
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - LLOYDS BANKING GROUP PLC :UK ECONOMY REMAINS RESILIENT FOLLOWING STRONG EMPLOYMENT AND GDP GROWTH.ASSET QUALITY RATIO FOR FULL YEAR NOW EXPECTED TO BE LESS THAN 20 BASIS POINTS.CONTINUE TO EXPECT 2017 CAPITAL GENERATION AT TOP END OF 170-200 BASIS POINTS ONGOING GUIDANCE RANGE.IMPAIRED LOANS HAVE FALLEN BY £0.2 BILLION TO £8.3 BILLION.ADDITIONAL PPIPROVISION WILL NOW COVER REACTIVE CLAIMS OF AROUND 9,000 PER WEEK THROUGH TO END OF AUGUST 2019.  Full Article

Moody's says UK banks profitability and liquidity to receive boost from BOE low cost funding scheme
Wednesday, 21 Jun 2017 03:12am EDT 

June 21 (Reuters) - :Moody's - UK banks' profitability, funding and liquidity to receive boost from boe low cost funding scheme.Moody's - large banks, primarily Royal Bank of Scotland Plc (A2/A3 stable, baa3); lloyds bank plc (A1/A1 stable, baa1), have driven early TFS demand.Moody's on UK banks - expects that other lenders will follow in 2017, as they fund loan growth while also replacing maturing FLS funds.  Full Article

Lloyds Banking Group says Bruce Carnegie-Brown formally takes over as chairman
Thursday, 15 Jun 2017 04:08am EDT 

June 15 (Reuters) - Lloyds Banking Group Plc :Bruce Carnegie-Brown formally took up his position as chairman of Lloyd's, following retirement of John Nelson.  Full Article

Bank of America expects to complete sale of consumer credit card business in UK, MBNA Ltd, to Lloyds Banking Group on June 1
Wednesday, 31 May 2017 08:34am EDT 

May 31 (Reuters) - Bank Of America Corp ::Bank of America - expects to complete sale of consumer credit card business in U.K., MBNA Ltd., to Lloyds Banking Group on June 1.Bank of America Corp - upon closing, Bank of America expects to record a minimal after-tax gain associated with the sale‍​.Bank of America Corp - the transaction does not impact bank of America's global commercial card business, which is part of global transaction services‍​.Bank of America - primary ongoing impacts to income statement will be a reduction in net interest income, offset in part by reduction in non-interest expense.Bank of America - sale is expected to improve basel 3 risk-based capital ratios by about 11 basis points under advanced approaches in q2.Bank of America - sale is expected to improve basel 3 risk-based capital ratios by about 15 basis points under standardized approach in q2.  Full Article

Lloyds CEO buys 50,000 shares in the bank
Thursday, 18 May 2017 02:08am EDT 

May 18 (Reuters) - Lloyds Banking Group Plc :CEO Antonio Horta-Osorio bought 50,000 shares in the bank at 72.31 pence per share on May 17.  Full Article

UK government sells final stake in Lloyds
Wednesday, 17 May 2017 02:02am EDT 

May 17 (Reuters) - Lloyds Banking Group Plc :UK government reduces stake in Lloyds Banking Group Plc to 0 percent.  Full Article

Lloyds' MBNA acquisition avoids in-depth UK competition probe
Friday, 5 May 2017 02:10am EDT 

May 5 (Reuters) - Uk Competition Authority has decided not to refer Lloyds Banking Group Plc acquisition of MBNA Ltd to a Phase 2 investigation :UK'S CMA- anticipated acquisition by Lloyds Banking Group Plc of MBNA Ltd not to be referred to phase 2 investigation.  Full Article

MOVES-Lloyds hires ex-StanChart exec as managing director

Sept 22 Lloyds Banking Group Plc named Scott Barton managing director, mid markets, of it its commercial banking unit, effective Nov. 1.