Standard Life Aberdeen confirms Lloyds Bank to pay £140mln to settle fund dispute
The bank cancelled the £104bn contract when Standard Life and Aberdeen merged
Company
Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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Lloyds Banking and Standard Life Aberdeen agree £140mln settlement of fund dispute
Terms of the settlement are still to be finalised according to the reports but are said to include provision for SLA to manage £30bn of funds for Lloyds until 2022
Lloyds Banking hit by JPMorgan downgrade due to 'rising chances' of no-deal Brexit
JPMorgan analysts downgraded their rating on Lloyds to ‘neutral’ and cut the share price target
Lloyds offers cheapest mortgage rates in UK banking, Jefferies survey reveals
Jefferies said RBS is its top pick among UK-focused banks
Lloyds freezes 8,000 offshore customer accounts amid regulatory clampdown on money laundering
Global banks have come under increasing pressure to meet tighter rules on financial crime
Lloyds fined £45.5mln by FCA for failing to disclose HBOS fraud suspicions
Lloyds chief executive, António Horta-Osório, said the bank takes the enforcement notice "very seriously"
CYBG upgraded by RBC after unveiling plan to rename itself Virgin Money
RBC raised its recommendation on CYBG to ‘outperform’ from ‘sector perform’ and maintained its target price at 250p.
Lloyds offers consistent dividend yield, says RBC as it keeps 'outperform' rating
RBC has cut target prices on Lloyds, Barclays and RBS
Lloyds’ head of pay defends chief executive’s renumeration package before MPs: media report
"When I go out to see people who are on £22,000, £30,000, £40,000, they see Antonio as a winner, because he brought this bank back from the brink,” Stuart Sinclair told MPs
Lloyds and banking rivals 'going nowhere' amid new pressures on revenue and margins
Adding to mortgage market competition, analysts now expect pressure on deposit pricing and declining contributions from structural hedges
Lloyds remains Morgan Stanley's top pick of UK banks
Morgan Stanley left its recommendation on Lloyds at ‘overweight’ but lowered its target price on the shares to 70p from 78p
Davy Research upgrades Lloyds to ‘outperform’, says preferred play in UK banking sector
The Irish broker also raised its target price for the FTSE 100-listed firm to 71p from 70p, citing strong capital return and a more resilient earnings forecast
Lloyds bosses summoned by MPs to explain 'greedy' pensions policy
“Setting CEO pay becomes an expensive version of whack-a-mole where pay committees, for appearance-sake at least, hammer down on one element, such as base salary, only to allow other parts, such as pension entitlement, to pop up to reward t
BofA Merrill Lynch expects Lloyds to see £2.0bn revenue headwind from competition in mortgage market
Analysts at the US bank pointed out that at £9.6bn of gross mortgage lending in the first quarter of 2019, Nationwide's 14.5% share of the market was "well ahead" of Lloyds's at 13.1%
Tesco Bank and Nationwide highlight impact of competitive pressures on wider banking sector
First-quarter results from Lloyds, Barclays, Royal Bank of Scotland and HSBC all revealed a drop in net interest margins - a key profit measure for banks.
Lloyds to employ 500 staff for new digital hub in Edinburgh
The hub will develop new technology for Bank of Scotland, Lloyds Bank, Halifax and Scottish Widows customers
Lloyds to start paying quarterly dividends from 2020 as shareholders approve pension policy
Lloyds shareholders approved the bank's remuneration policy at the AGM despite calls from MPs to vote against it due to the gap between pensions paid to executives and employees.
Investments and investor services
FTSE 100 closes firmly higher as Wall Street shares head north; sterling slides
The UK benchmark index closed over 56 points higher, at 7,353, aided by the fall in the pound
MPs urge Lloyds shareholders to vote against pay policy at Thursday’s AGM
MPs have voiced their frustration at Lloyds, which makes a hefty contribution to the pension of senior executives, but doesn’t offer those same perks to other staff
Archive
Burberry and Thomas Cook in the spotlight; ex-divs to take 26 points off the FTSE 100
Numbers from Countryside Properties, National Grid, and Wincanton will also be among Thursday's highlights.