hf-implode.com - 11/5/2009
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"- Lloyds Banking Group Plc is unlikely to get a good price for assets it’s been pressed to sell by the European Union, according to Brian Pitman, former chief executive officer and chairman of Lloyds TSB Group Plc."
Lloyds to 'review' closure of C&G
hf-implode.com 8/19/2009 — " The firm had announced in June that all 164 C&G branches across the UK would close with the loss of 833 jobs, but that decision may now be reversed."
Lloyds cash call is a gamble on the economy
hf-implode.com 7 days ago —
Last week, Lloyds Banking Group asked its shareholders, including 2.8 million small investors, to put their hands in their pockets and give it a total of £13.5 billion as part of a massive capital raising exercise.
After the State bailouts it is difficult to believe that the board, led by ...
Lloyds Bank to Test the Waters for Rights Issue
hf-implode.com 11/1/2009 — " Looks like Lloyds Banking Group’s (LLOY) will get a shot at buying its way out of the UK Government’s bank bailout scheme, with a significant assist from the government itself. As reported previously on Research Recap, the chances of the bank being able to pull this off got a boost from ...
City backs Lloyds cash call to save bank from more state help
guardian.co.uk 9/2/2009 — • Rights issue will limit government influence • Strategy could help fend off demands for disposals Lloyds Banking Group has won backing from its investors to raise £10bn as it fights to reduce its dependence on the taxpayer. The bank, which is 43% ...
Lloyds Said Set to Raise $38 Billion
dealbook.blogs.nytimes.com 10/26/2009 — Lloyds Banking Group plans to announce within days a $38 billion fundraising plan to shore up its balance sheet and avoid a British debt insurance program, The Times of London reported.
Lloyds draws strong demand for hybrid debt
ft.com 13 days ago — Published: November 23 2009 08:43 | Last updated: November 23 2009 08:43 Lloyds Banking Group is to issue £7bn in enhanced capital notes (ECNs), a new form of hybrid debt, it announced on Monday, as the first part of its plans for a £22.5bn ($37.1bn) ...
FT.com / Companies / UK companies - Lloyds reports loss of
ft.com 8/5/2009 — Lloyds Banking Group on Wednesday said that the deteriorating state of its loan portfolio had caused it to recognise £13.4bn of impairment charges in the first half of 2009. The bad and doubtful loan charges caused the partly state-owned bank to post ...
RBS, Lloyds Get $51 Billion in Second Bank Bailout (Update3)
bloomberg.com 11/3/2009 — Nov. 3 (Bloomberg) -- Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc will receive 31.3 billion pounds ($51 billion) in a second bailout from the U.K. taxpayer as the two banks agreed to cap bonuses. The Treasury will inject 25.5 ...
Bumper Lloyds cash call could close market
hf-implode.com 9/20/2009 — "One leading institutional investor said: "If we are asked to back a big cash-call from Lloyds it will suck the liquidity from the market for companies seeking new funds." Another big investor said: "We were expecting a second-wave of rights issues this autumn but uncertainty over Lloyds has ...
Lloyds scheme fails FSA stress tests
telegraph.co.uk 9/18/2009 — Lloyds Banking Group has been forced to abandon its plan to withdraw from the Government's toxic debt insurance scheme.