News: Lloyds Banking Group PLC (LYG)

LYG on New York Consolidated

3.85USD
17 May 2013
Price Change (% chg)

$0.13 (+3.49%)
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$3.72
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Fri, May 17 2013

UPDATE 2-Shares in UK's Lloyds hit government break-even price

* Shares reach 63.3 pence, above 61.2 pence break-even level

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REFILE-Britain's FTSE gains in volatile options expiry trade

LONDON, May 17 - Britain's FTSE edged higher in volatile trade on Friday, as demand to buy the index on options expiry day helped counteract early weakness after central bankers voiced concerns over U.S. monetary easing.

UPDATE 2-Prospects improve for UK sale of Lloyds bank stake

* Bank awaiting clarity from regulator on capital position

Lloyds says 96 percent of shareholders back pay plan

LONDON, May 16 - State-backed Lloyds Banking Group said on Thursday that 95.91 percent of shareholders at its annual general meeting approved its executive pay plan in 2012.

Prospects improve for UK sale of Lloyds stake

EDINBURGH - The chances of Britain selling its stake in Lloyds improved during 2012 and the government should be able to start offloading its shares "over time", the bank's chairman told shareholders on Thursday.

Britain's Cameron 'open to ideas' for RBS stake disposal

NEW YORK, May 15 - Prime Minister David Cameron is "open to all ideas" for returning Royal Bank of Scotland to private ownership but its finances must improve first, he told reporters on the last day of a three-day visit to the United States.

UPDATE 1-UK banks avoid investigation by competition authority

* OFT says branch sales, 7 day switching may up competition

Lloyds Chairman Bischoff stands down as government sale looms

LONDON - Lloyds Banking Group Plc Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale.

UPDATE 3-Lloyds Chairman Bischoff stands down as govt sale looms

LONDON, May 13 - Lloyds Banking Group Plc Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale.

CORRECTED-UPDATE 1-Lloyds Chairman Bischoff to retire in the next year

(In second paragraph corrects to "chairman" from "chief executive")

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