News: Lloyds Banking Group PLC (LYG.N)

LYG.N on New York Stock Exchange

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28 Jul 2015
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Wed, Jul 22 2015

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Lloyds must release legal advice ahead of HBOS takeover hearing: judge

LONDON - Lloyds Banking Group must release details of legal advice it received in the run-up to its takeover of Halifax Bank of Scotland (HBOS) during the banking crisis in 2008, a judge in London's High Court of Justice ruled on Wednesday.

UPDATE 1-Lloyds must release legal advice ahead of HBOS takeover hearing - judge

* Shareholder group seeking 350 mln stg damages (Adds detail on case and decision)

Lloyds must release details of HBOS takeover legal advice - judge

LONDON, July 22 - Lloyds Banking Group must release details of legal advice it received in the run-up to its takeover of Halifax Bank of Scotland (HBOS) during the banking crisis in 2008, a judge in London's High Court of Justice ruled on Wednesday.

Lloyds to set out dividend plans ahead of share sale

LONDON - Lloyds is expected to set out its dividend plans next week, including a potential return of surplus cash to shareholders, making its stock more attractive ahead of a possible sale to retail investors, industry sources said.

UPDATE 2-Lloyds to set out dividend plans ahead of share sale-sources

* Lloyds expected to face new 1 bln pound PPI bill (Adds details on dividend strategy)

BRIEF-Lloyds Banking names Anita Frew as chairman of remuneration committee

* Anita Frew will succeed Anthony Watson as chairman of remuneration committee with effect from 1 October 2015

UPDATE 3-Britain cuts Lloyds stake as full privatisation looms

* Sale to retail investors expected next year (Adds further details on sale of remaining stake)

British government's stake in Lloyds falls below 15 percent

LONDON, July 16 - Lloyds Banking Group said on Thursday the UK government had reduced its stake in the bank below 15 percent as it moves closer to full privatisation.

UPDATE 2-UK sells more of Lloyds bank stake, $19.5 bln raised so far

* Less than 10 billion pounds of stock still to sell (Adds comment from UK finance minister)

Britain reduces stake in Lloyds Banking Group to 15.9 percent

LONDON, July 2 - Lloyds Banking Group said on Thursday that the government had reduced its stake in the bank to 15.9 percent from 16.87 percent previously, in a further step towards its full privatisation.

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