Anglo appoints RBS chairman Hampton to board Nov 9, 2009
Previously, Hampton was group finance director of Lloyds TSB Group from 2002 to 2004 and held the same role at BT Group from 2000 to 2002. On October 15, Xstrata gave up its pursuit of Anglo, dropping its merger of equals plan that would have created a group with a market value of $96 billion (R720 billion) after refusing demands from Anglo shareholders that it pay a premium. (Business Report, South Africa)
RBS, Lloyds Get $51 Billion in Second Bailout Nov 3, 2009
HK), Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), HSBC Holdings PLC (HBC), (HSBA.LN), J.P. Morgan Chase & Co. (JPM), (LLOY.LN), Lloyds TSB Group PLC (LYG), UBS AG (UBS), (UBSN.VX), (CH002489), (GB000540), (GB000870), (US060505), (US172967), (US38141G), (US46625H), ) at SmartMoney. com. (SmartMoney)
UK bank woes prompted riot fears Oct 7, 2009
RBS and HBOS, then in talks to be taken over by Lloyds TSB Group Plc, had more than 35 million business and individual customers with 475 billion pounds of deposits, 22 per cent of the UK total, held at about 3,250 branches ... RBS, HBOS and Lloyds TSB Group Plc accepted a 37 billion-pound government bailout and a further 200 billion pounds was made available by the government to improve liquidity, boost capital and absorb writedowns. (Sydney Morning Herald -- Business)
RBS Faced Risk of Full Seizure by Brown at 2008 Crisis Climax, Gieve Says Oct 7, 2009
Browns government took stakes in RBS, Europes biggest bank by assets at the time, and , the bank formed in the merger of Lloyds TSB Group Plc and HBOS Plc, as the financial crisis intensified. Gieve said some bank chiefs resisted aid before realizing that the game was up and accepting the full rescue package unveiled on Oct. 13, 2008. (Bloomberg -- UK)
Quarterly Changes to the NASDAQ OMX European Government Relief Index Sep 21, 2009
Aegon NV Heidelberger Druckmaschinen AG Allied Irish Banks PLC Hypo Real Estate Holding Banco Popolare ING Groep NV-CVA Bank of Ireland KBC Groep NV BNP Paribas Lloyds TSB Group PLC Caisse Regionale Mutuel Brie Picardie Peugeot SA Commerzbank AG Renault SA Credit Agricole SA Royal Bank of Scotland Group Dexia SA SNS Reaal Groep Erste Bank der Oester Spark Societe Generale Fortis B ORD UBS N ORD. The NASDAQ OMX European Government Relief Index is an equal-weighted index designed to track the... (Primezone Releases)
Bank of England Opens Doors as Crisis-Crunched Employees `Smell the Roses' Sep 9, 2009
Meanwhile, U.K. officials struggling to shore up HBOS Plc engineered the banks acquisition by rival Lloyds TSB Group Plc. That was announced on Sept. 18, the same day the Bank of England participated in a joint coordinated dollar swap with the Fed. (Bloomberg -- UK)
Lloyds Posts $5.2 Billion First-Half Loss Aug 6, 2009
2 Billion First-Half Loss ((LLOY.LN), Lloyds TSB Group PLC (LYG), (GB000870)) at SmartMoney. com. (SmartMoney)
The future of UK banking Jul 16, 2009
Sir Brian Pittman spent 50 years as a banker, rising to be chairman of the Lloyds TSB Group (now he Lloyds Banking Group). He is currently a senior adviser at Morgan Stanley and holds several non-executive directorship, including with Virgin Atlantic. (BBC News -- UK)
Trichet's Bond-Purchase Plan Drags ECB Into New Era Over Weber's Objection May 8, 2009
5 percent of euro-region GDP, according to Lloyds TSB Group Plc. That compares with debt-purchase programs in the U.K. and the U.S. amounting to 8 percent and 2 percent of GDP respectively. (Bloomberg -- Europe)
ECB cuts rate, prepares to buy bonds May 8, 2009
5% of euro region GDP. That compares to debt purchase programs in the U.K. and the US amounting to 8% and 2% of GDP respectively, says Lloyds TSB Group Plc. Covered bonds, known as Pfandbriefe in Germany, are secured by property loans or lending to public-sector institutions. (Sydney Morning Herald -- Business)
U.K. Savers Fled to Government Backed-Banks as HBOS, RBS Deposits Declined Mar 5, 2009
As the government brokered its takeover by Lloyds TSB Group Plc, HBOSs retail deposits fell 10 percent to 144 billion pounds in the six months to Dec. 31, its show. a spokesman for the combined , declined to comment. (Bloomberg -- UK)
U.K. Regulator Says HBOS Excessive Risk Claims Were Properly Investigated Feb 12, 2009
lost 90 percent of its value in the 12 months before it was taken over by Lloyds TSB Group Plc in January, dropping from 730 pence to 69 pence. The deputy chairman is the lead non-executive director of the FSAs board, which acts as a check on the organizations efficiency. (Bloomberg -- UK)
