As previously tipped off, Lloyds (NYSE: LYG ) will pay about $370M in fines to U.S. and U.K. authorities over Libor-rigging allegations. Lloyds: "The group condemns
A check of other U.K. lenders amid RBS's near 13% gain following strong Q2 results finds Barclays (NYSE: BCS ) +2.3% , Lloyds (NYSE: LYG ) +1.4% , and HSBC +0.4% in London action. Post your comment!
in that range to settle U.S. and U.K. charges it manipulated major interest rate benchmarks, reports the FT . Lloyds ( LYG +0.3% ) - 25% owned by the U.K. government - will be the 7th bank to be fined by authorities over rate-rigging. Alongside
of non-performing loans and other statistics, giving the banks only two weeks to come up with plans to deal with capital shortfalls. Related stocks: SAN , DB , IRE , CS , ING , BBVA , BCS , RBS , HSBC , LYG ETFs: EUFN Post your comment!
talks with the U.S.'s CFTC and the U.K.'s FCA have accelerated of late , reports the WSJ , and a deal with Lloyds ( LYG -0.2% ) could be announced in the next few weeks, though the size of the penalty isn't clear. The settlement, should
By Donald van Deventer : We previously analyzed the trading volume of credit default swaps on international bank reference names on February 11, 2014 for the 181 weeks ending December 27, 2013. This note updates that analysis for the 207 weeks ended June 27, 2014. Of the 1,206 reference names on ...
ING ( ING -3.2% ), BBVA ( BBVA -3.1% ). U.K. banks: Barclays ( BCS -3.8% ), RBS ( RBS -1.9% ), HSBC ( HSBC -1.9% ), Lloyds ( LYG -2% ). European financial sector ETF: EUFN -2.4% . Post your comment!
ProShares Ultra Silver ( AGQ ) - long - Ken McGaha (long AGQ) Silver has established a solid uptrend over the past few months. The price of silver is up in overseas trading this morning. AGQ is structured to leverage movements in the price of silver on a 2:1 basis; allowing holders to double the ...
It's been a tough year for the U.K. banks, but Lloyds ( LYG ) has shown relative strength, notes Investec's Ian Gordon and could return to positive EPS this year, while recovery for RBS
Lloyds ( LYG ) had originally planned to sell a 25% stake in TSB Banking Group, but instead unloaded 35% of the business. Should the underwriters