Finance houses no longer appear to love asset managers; why should you?
Suddenly, it's all the rage for insurance companies to offload their asset management businesses. Does this signify the top of the market?
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 to be hit worst by ‘intense mortgage competition’, says Goldman as it moves RBS up to ‘buy’
The ‘bulge bracket’ investment bank sees no end in sight to the pressure on mortgage pricing, which it argues is bad news for Lloyds but not so for RBS
Investors still wary 10 years on from Lehman Brothers collapse
Performance since the financial crisis demonstrates that in the long term, the stock market is surprisingly reliable, says Hargreaves Lansdown
FTSE 100 ends in positive territory as Barnier now sees potential Brexit deal in weeks
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
Lloyds to axe 380 jobs and add 435 roles as part of digital strategy
Lloyds is investing £3bn into staff and technology as part of a three-year strategy to better compete in a market where digital banking is growing in popularity
Lloyds becomes first bank to issue bond tied to Bank of England's substitute to scandal-hit Libor
Lloyds priced the three-year bond at 43 basis points above the Sonia rate
RBS to axe more branches, outpacing Lloyds, HSBC and Barclays with closures
RBS, Lloyds, Barclays and HSBC have been shutting branches as an increasing number of customers switch to online banking
Greatland Gold jumps on upbeat rock chip results from Black Hills licence in Australia
A look at some of the biggest risers and fallers on the London market this Tuesday
Lloyds Banking and BT Group among the big names on the Investment Association's naughty step
For FTSE 100 companies, there was an increase in shareholder rebellions against directors' pay. For FTSE 250, the beef was more to do with directors that many shareholders did not want being re-elected
Lloyds completes £1bn share buyback programme
Lloyds unveiled the share buyback at its annual results alongside a 20% dividend hike
Goldman Sachs to launch online retail bank in the UK in coming weeks
The bank will be open to the Wall Street giant’s UK employees before its official launch
Monzo said to be planning £20mln crowdfunding as it eyes unicorn status
Monzo is set to receive “unicorn” status alongside technology companies such as Deliveroo and Skyscanner valued at US$1bn or more
Standard Chartered reveals delay to regulatory approval for post-Brexit EU hub
The delay comes amid sector-wide pressure from European regulators to submit more detailed plans for their post-Brexit hubs to prevent banks from creating token offices
HSBC upgrades RBS to 'buy' and keeps Lloyds at 'hold' but Barclays still preferred
"RBS has been the worst performing UK domestic bank stock year-to-date," HSBC said
Archive
FTSE 100 closes firmly higher as investors fret less on China/US relations
The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
Investments and investor services
Lloyds and HSBC go ex-div, but has the BBQ summer saved Kingfisher’s first half?
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
Lloyds, RBS and HSBC among worst performers in customer survey, CMA reveals
RBS came joint last with Clydesdale Bank while Lloyds was ranked the same as TSB, which was hit by an IT crisis in April
Standard Life Aberdeen blames tough market conditions for lower profits and AUMA
Standard Life Aberdeen said economic and political uncertainties continue to affect investor sentiment
Brexit and global trade war put dividend hikes at risk for Lloyds, RBS, Barclays and HSBC
Lloyds and HSBC have come out on top in dividend payouts with a projected 2018 yield of 5.4% for the two lenders
UBS says Lloyds one of its top picks as it reiterates 'buy' rating but cuts target price
UBS cut its target price on Lloyds to 80p from 87p, citing lowered peer group trading multiples in its sum-of-the-parts valuation