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Lloyds Loses $14 Billion and Works on Asset Plan

Partially nationalized Lloyds Banking Group unveiled a 10 billion pound ($14.28 billion) loss for 2008 and said it had not finalized a plan to put billions of pounds of assets into a British government-backed insurance scheme. Lloyds said talks with the British government on an asset insurance scheme were "well advanced" and Chief Executive Eric Daniels [...]
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Lloyds reports a profit

Business & Finance : Business Report (2 years ago)

British banking group Lloyds reported profits of 1.54 billion pounds (2.39 billion dollars) for the first quarter. ||| London - British banking group Lloyds on Tuesday reported profits of 1.54 billion pounds (2.39 billion dollars) f... Read Post

UK heads for Lloyds exit by 2015

Business & Finance : Business Report (8 months ago)

The UK government has sold 4.2 billion pounds ($6.9 billion) worth of shares in Lloyds Banking Group. ||| London - The UK government has sold 4.2 billion pounds ($6.9 billion) worth of shares in Lloyds Banking Group to cut its stake... Read Post

Lloyds May Exit U.K. Debt Insurance Program

Business & Finance : DealBook (5 years ago)

Lloyds Banking Group, the U.K.'s biggest mortgage lender, said for the first time it may exit the government program to insure 260 billion pounds ($424 billion) of its risky assets, Bloomberg News reported. Read Post


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