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
08/21/201406:39:44Lloyds Banking Names Alan Dickinson Non-Executive Director
08/01/201412:26:48LONDON MARKETS: FTSE 100 Slumps For Third Day As Miners, Banks...
07/31/201412:46:20LONDON MARKETS: Shell's Gain Curbs FTSE 100 Losses
07/31/201412:41:12EUROPE MARKETS: European Banks, Adidas Drop; Shell Gains
07/31/201408:17:42LONDON MARKETS: Shell's Gain Curbs Losses For The FTSE 100
07/31/201406:46:43EUROPE MARKETS: Shell, BG Among Major European Movers; BES Slides
07/31/201405:21:35EUROPE MARKETS: Shell, BG Among Major European Movers; Adidas...
07/31/201403:12:06TSB Banking First Half Pretax Profit Rises
07/30/201410:39:05Lloyds Banking Group plc 2Q 2014 -- Forecast
07/28/201415:36:39Lloyds Pays $370 Million to Settle Rate Probe -- 3rd Update
07/28/201412:22:17LONDON MARKETS: FTSE 100 Erases Gain After Soft U.S. Home Sales...
07/28/201410:11:34LONDON MARKETS: Reckitt Benckiser Leads U.K.'s FTSE 100 To Small...
07/25/201406:06:31Lloyds Bank Nears Rate-Probe Settlement--Update
07/25/201405:02:47Lloyds Bank Nears Rate Probe Settlement
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

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