Lloyds Banking Group
Exclusive: Lloyds to seal raft of Norway energy deals
Lloyds Banking aggressively pushes into Norway with a range of energy financing deals for exploration and production (E&P), prepares to expands its Houston oil & gas team and looks at the European shale gas business
Lloyds hires leveraged credit director
Ex-Evolution Securities sales director departs for Lloyds leveraged finance business.
Lloyds TSB hires leveraged credit director
Bank hires Paul Osment from Evolution Securities.
New kids on the block
As the traditional retail banking giants struggle to stay afloat, a new breed is rising to the surface
Lloyds TSB appoints head of credit strategy
Alan Capper will join from LV Asset Management to assume the newly created role.
Doubts raised over viability of Lloyds CoCo bonds trigger
Bankers and regulators are looking at possible standards for contingent capital, but are struggling with the definition of an appropriate trigger.
Contingency plans
Following recent issues of contingent capital by Lloyds Banking Group and Rabobank, other firms are eyeing similar issuance as a means of meeting higher capital requirements in a cost-effective way. But the Basel Committee, which is due to discuss the…
A choice of credit ratings
Investors can choose between a Triple B and a Single A rated bank issuer in this five-year rollover plan, and receive different coupon payments on the basis of this choice as long as index levels at the product’s anniversaries are above the strike level
Disposal expert
John Crompton, head of market investments at UK Financial Investments, talks to Alexander Campbell
UK may issue exchangeable gilts
The UK Treasury may issue bonds exchangeable into shares of Royal Bank of Scotland and Lloyds TSB, according to the asset manager responsible for the government's stakes in the two banks.
Bank CDSs hit by poor results
Market sentiment towards financials has been varied in the past week as more second-quarter bank results were announced.
European banks report modest Q2, despite increased provisioning
Top Spanish, German and Swiss banks have reported modest gains in the second quarter, although their profits have been constrained by an increase in non-performing loans and loan loss provisioning.
Lock, stock and barrel
Mergers
Lloyds asset protection deal sends shares tumbling
Shares in Lloyds Banking Group have fallen after it confirmed that it would put £250 billion of toxic assets into the UK government's asset protection scheme.
Lloyds asset protection scheme talks stall as HBOS losses confirmed
Lloyds Banking Group, which today confirmed that Halifax Bank of Scotland (HBOS) lost £10.8 billion in 2008, remains locked in talks with the UK government about participation in its asset protection scheme.