Lloyds

Darling spells out terms of bank bailouts

In a clarification statement today, Alistair Darling said all state bail-outs "will carry terms and conditions that reflect the financial commitment made by the taxpayer, including in relation to ... lending policy and wider...

Barclays puts board up for re-election to put down revolt

Barclays is putting its entire board up for re-election at its next annual meeting and will pay no bonuses to any of its executive directors this year, in an attempt to quell a shareholder rebellion over the bank's recourse to...

Lonmin leads miners and market lower

Platinum specialist Lonmin is leading the miners, and indeed the whole market, lower after downbeat comments accompanying its final results.The figures showed underlying earnings were up 19%, but it passed its final dividend,...

Interpal Accused

INTERPAL (the Palestinian Relief & Development Fund), IBB and Lloyds TSB: AN aid organisation which is being investigated by the Charity Commission said Lloyds TSB has threatened to stop processing its transactions from next...

Don't pay for your Christmas presents until February

It the last thing hard-pressed consumers want to hear. Credit card companies hike rates Photo: GETTY Around 16 cards have increased interest charged on purchases, while others have hiked fees customers must pay to transfer...

Citigroup to cut another 52,000 employees

Patrick Hosking and Marcus Leroux One of the largest single job culls of the current downturn was launched yesterday as Citigroup, the American banking group, announced plans to reduce its headcount by 52,000 in the next few...

Recession worries keep investors out of the fray: Tuesday morning report from London Stock Exchange

City investors were in no mood to test the water when trading got under way this morning following another big sell-off on Wall Street overnight.The global recession continues to dominate investment strategies and that means...

Yesterday's Trading: Tesco hopes Des will be a cracker

What must Sir Terry Leahy have been thinking of when he chose septuagenarian comedian Des O'Connor to front Surely John Sergeant would have been a more popular choice with viewers. It was a JP Morgan downgrade that dragged the...

UPDATE 4-Barclays capital plan rejigged, pay bonuses axed

By Paul Hoskins and Steve Slater LONDON, Nov 18 (Reuters) - British bank Barclays moved to head off a revolt by shareholders on Tuesday by offering them a slice of a 5.8 billion-pound ($8.7 billion) capital injection from...

How low can sterling go?

The pound has been falling sharply in the past year... Sterling has fallen sharply in the past year, down by 20% on the trade-weighted index. The fall against the dollar and the euro has been as deep or deeper, with...

1 2 3 4 5 next »