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Lloyds Banking Group PLC (LYG)

LYG on New York Consolidated

3.76USD
26 May 2017
Change (% chg)

$-0.10 (-2.64%)
Prev Close
$3.86
Open
$3.77
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$3.75
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Latest Key Developments (Source: Significant Developments)

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

Conservative peer Lord Lupton to join Lloyds Bank board as the government sells its remaining shares in the company - Sky News
Monday, 1 May 2017 02:56pm EDT 

May 1 (Reuters) - :Conservative peer Lord Lupton to join Lloyds Bank board as the government sells its remaining shares in the company - Sky News, citing sources.  Full Article

Lloyds Bank targets cost-income ratio of 45 pct
Thursday, 27 Apr 2017 02:23am EDT 

April 27 (Reuters) - Lloyds Banking Group Plc :On track to deliver group financial targets for 2017 with longer term guidance maintained.Continue to target a cost:income ratio of around 45 per cent exiting 2019 with reductions every year.Expect to generate a statutory return on tangible equity of between 13.5 and 15.0 per cent in 2019.Provision of £100 million in our q1 results for HBOS Reading.Results include an additional £350 million PPI provision following release of revised policy statement by FCA on 2 march 2017.100 million provision for retail conduct matters..  Full Article

UK's FCA says resuming investigation into issues relating to HBOS Reading
Friday, 7 Apr 2017 03:40am EDT 

UK's Financial Conduct Authority: Investigating events surrounding discovery of misconduct within Reading-based impaired assets team of Halifax Bank Of Scotland . Investigation focusing on extent, nature of knowledge of matters within HBOS, its communications with FSA after initial discovery of misconduct (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

British government cuts stake in Lloyds to below 2 percent
Monday, 3 Apr 2017 02:19am EDT 

UK government : Government has continued to sell shares in Lloyds Banking Group, reducing its remaining shareholding to less than 2 percent .UK Government says has now recovered over 20 billion pounds of the 20.3 billion pounds taxpayers injected into Lloyds during the financial crisis.  Full Article

Britain's FCA sets deadline for new PPI complaints to Aug 29, 2019
Thursday, 2 Mar 2017 02:08am EST 

: Financial Conduct Authority has today confirmed that it will introduce a deadline for making new payment protection insurance (PPI) complaints. . FCA- final deadline for making a new PPI complaint will be 29 August 2019 . FCA has also made final rules and guidance related to how firms should handle complaints in light of supreme court judgment in Plevin v Paragon Personal Finance .FCA says Plevin decision means that consumers may have new grounds to complain about PPI.  Full Article

Lloyds raises 2016 bonuses
Wednesday, 22 Feb 2017 02:10am EST 

Lloyds Banking Group Plc : Total bonus outcome has increased year-on-year to 392.9 million pounds (from 353.7 million pounds in 2015). . Total bonus outcome for 2016 includes a 19 per cent collective performance adjustment applied to group's total bonus outcome (2015: 26 per cent), percent . At 4.8 per cent of pre-bonus underlying profit, bonus outcome remains significantly less than group's funding limit of 10 per cent of pre- bonus underlying profit . Cash bonuses remain capped at 2,000 pounds with additional amounts paid in shares and subject to deferral and performance adjustment. . Ceo Osorio awarded 956,416 shares as part of 2016 bonus award .Ceo Osorio to receive salary of 1,220,000 pounds in 2017.  Full Article

Lloyds Banking Group 2016 statutory profit before tax 4.2 billion stg
Wednesday, 22 Feb 2017 02:06am EST 

Lloyds Banking Group Plc : Lloyds banking group full year underlying profit 7.9 billion stg . Lloyds banking group cet1 ratio at 13.8 percent . Lloyds banking group statutory profit before tax 4.2 billion stg . Lloyds banking group net interest margin 2.71 percent . Lloyds banking group ordinary dividend 2.55 pence . Lloyds banking group total income 17.5 billion stg . Lloyds banking group special dividend 0.5 pence .Lloyds banking group cost income ratio 48.7 percent.  Full Article

More From Around the Web

BRIEF-Lloyds CEO buys 50,000 shares in the bank

* CEO Antonio Horta-Osorio bought 50,000 shares in the bank at 72.31 pence per share on May 17 Source text for Eikon: Further company coverage: (Reporting By Rachel Armstrong)