ADVFN - Advanced Financial Network.
HOME» NYSE » L » LYG Stock Price » LYG Stock News

Lloyds Tsb Share News

 Lloyds Banking Grp. Stock Price
LYG Stock Price
 Lloyds Banking Grp. Stock Chart
LYG Stock Chart
 Lloyds Banking Grp. Stock News
LYG Stock News
 Lloyds Banking Grp. Company Information
LYG Company Information
 Lloyds Banking Grp. Stock Trades
LYG Stock Trades

Co-Operating To Hold Key Meeting over Lloyds Deal - Reports

LONDON -(Dow Jones)- Directors at the Co-Operative Group's banking division are to hold a key board meeting this week, amid fears the mutual will abandon a deal to acquire 632 branches belonging to Lloyds Banking Group PLC (LYG), the Sunday Times and the Sunday Telegraph report, without citing sources. Lloyds is currently in exclusive negotiations to sell the branches to the Co-Op. However, the deal has been hindered by regulatory issues, sparking fears that it might collapse. Regulatory demands that the Co-Op must put in place a structure that will ensure that the entire mutual will be governed by the U.K.'s regulator, the Financial Services Authority, rather than just its banking arm, is at the center of concerns, the Sunday Telegraph said. Citing an unnamed source, the newspaper said the FSA has made it clear that its concerns are focused on the structure of the complex group and the capital requirements that would result from the transformatory transaction. Last week, investment company NBNK Investments PLC (NBNK.LM) made a sweetened offer for the branches in a bid to create a challenger bank in the U.K. Lloyds previously confirmed that a flotation of the branches remains an option and that an update on the sale would be made in the second quarter. The bank is due to hold a meeting of its board next week, the Sunday Telegraph said. Lloyds, which is 40%-owned by the government, has to sell the branches on condition of receiving state aid when it was bailed out by the U.K. government in 2008. The Co-Op wasn't immediately available for comment. Lloyds also wasn't immediately available for comment. Newspaper Web site: http://www.timesonline.co.uk Newspaper Web site: http://www.telegraph.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Lloyds Tsb (LYG)
DateTimeHeadline
07/24/201416:55:51Lloyds to Pay Up to GBP300 Million in Fines Over Libor Allegations...
07/18/201418:59:07EUROPE MARKETS: European Stocks Slip; Shire Leads FTSE Gains
07/18/201418:50:41EUROPE MARKETS: European Stocks Fall; RBS, Volvo Among Decliners
07/18/201406:57:07U.K. to Probe Retail Banking Sector
06/23/201412:33:15LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage Concerns
06/23/201409:06:50LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage-rule Concerns
06/20/201412:53:07LONDON MARKETS: Shire Boosts FTSE 100 To Fourth Day In Black
06/20/201412:25:15EUROPE MARKETS: European Stocks Lose Steam After Consumer Data
06/20/201408:03:16EUROPE MARKETS: European Stocks On Track For Weekly Gain
06/17/201409:39:35Lloyds Bank Said to Raise Minimum Price for TSB Listing-Reuters
06/13/201412:30:34LONDON MARKETS: U.K. Stocks Slide On Rate-hike Talk, Iraq Worries
06/13/201406:04:08LONDON MARKETS: U.K. Housing Stocks Fall On Rate-hike, Mortgage...
06/12/201413:06:07Caixabank Considers Making Offer for Barclays in Spain--Update
06/09/201413:31:00LONDON MARKETS: FTSE 100 Up As Miners Advance; Lloyds Shares...
06/09/201406:15:53LONDON MARKETS: FTSE 100 Up As Miners Advance; Lloyds Shares...
06/09/201405:04:08EUROPE MARKETS: European Stocks Rise, Look For New Multiyear...
06/08/201422:00:15Poor IPO Appetite Forces Lloyds Banking to Cut TSB's Valuation...
06/05/201415:01:13ING Moves Ahead With NN Unit IPO -- Update
06/05/201403:32:15Lloyds Banking Sells UK Commercial Real Estate Loans Portfolio
06/04/201413:59:00Lloyds Banking Group PLC Tender Offer Results

Lloyds Tsb and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad