3.11 +0.15 (5.07%)
Pre-Market: 6:46AM EST
|Bid||3.11 x 36900|
|Ask||3.12 x 28000|
|Day's Range||2.9500 - 3.0000|
|52 Week Range||2.4300 - 4.0100|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||9.87|
|Forward Dividend & Yield||0.16 (5.67%)|
|1y Target Est||2.74|
Key InsightsChief Executive Officer Antonio Horta-Osorio echoed comments by HSBC Holdings Plc on Tuesday by warning that the near-term outlook remains unclear, “particularly given the ongoing EU withdrawal negotiation.”Britain’s largest mortgage lender posted a further 200 million-pound provision in the quarter for customers who were mis-sold payment protection insurance, as the compensation program draws to a close in August. Lloyds is aiming for costs of about 40 percent of its earnings, which would make it one of the most efficient European banks. Dig DeeperLenders in the U.K. have already set aside almost 40 billion pounds to compensate customers who were improperly sold payment protection insurance, with Lloyds paying out the most so far.After restoring the bank to full private ownership in 2017, Horta-Osorio is investing 3 billion pounds on technology and growing income from insurance and retirement products, while striving to keep a lid on expenses.
Britain's biggest mortgage lender Lloyds Banking Group has hired senior Morgan Stanley banker William Chalmers as its new chief financial officer. Chalmers will replace George Culmer in June this year subject to regulatory approvals, the bank said in a statement on Friday. Poaching Chalmers from Morgan Stanley will cost the bank £4.4 million for the incoming CFO's forfeited share awards.
Lloyds said the problem had been resolved by 5pm on Monday. Lloyds Banking Group has apologised to customers for problems with its online banking service that lasted about 24 hours. The bank said on Monday it was aware of customers having intermittent problems logging on to their online bank accounts.
LONDON (Reuters) - Britain's Lloyds Banking Group is to cut a further 292 jobs across several offices as part of an ongoing cost-cutting drive, employee union Unite said.
Following are excerpts from a CNBC interview with Lloyds Banking Group CEO, António Horta-Osório, and CNBC's Nancy Hungerford.
Lloyds Bank CEO tells CNBC at Davos that he cant rule out further job cuts. Horta-Osorio promises to continue to invest in training for jobs of the future. The chief executive of Lloyds Banking Group told CNBC Thursday that he cannot rule out job losses as the bank updates its tech platforms and reviews how it communicates with customers.
Here's a summary of some of the sectors and stocks in the United Kingdom that are gaining and losing from May's big Brexit deal loss.
British banks swerved heavy share price losses in early trading on Wednesday, hours after a parliamentary vote on Prime Minister Theresa May's Brexit deal returned the most blistering defeat for a UK government ...
Investing.com - British bank stocks were mostly higher in European midday trade on Wednesday, with market participants assessing their options after British lawmakers overwhelmingly defeated Prime Minister Theresa May's Brexit deal by a historic margin.
Britain will work with the financial industry to crack down on fraud, corruption and dirty money by launching a task force that will include senior banking figures, the finance ministry said on Monday. The chief executives of Santander, Lloyds and Barclays banks will be among members of the Economic Crime Strategic Board, which will consider where further resources are needed to tackle offenses such as bribery and money laundering. "We need to take action on all fronts to target the corrupt fraudsters who are lining their pockets with dirty money and living luxury lifestyles at the expense of law-abiding citizens," said interior minister Sajid Javid, who will jointly chair the task force with finance minister Philip Hammond.
NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about global economic slowdown after China’s industrial and sales growth ...
Pindrop uses machine-learning technology that is fed large amounts of data to learn the difference between a legitimate and fraudulent phone call.
Vitruvian led the $90 million round, while Goldman Sachs and Singapore's EDBI also participated. Pindrop said it would use the latest funding to boost its European expansion plans and its drive into IOT. CEO Vijay Balasubramaniyan said he sees an initial public offering down the line for the company.
Per the U.K. stress test results, the Bank of England claims that British banks will be able to withstand even a disorderly Brexit.
Britain's bank bosses are hoping for the green light to return more capital to long-suffering investors when the Bank of England publishes results next week from its annual stress test of leading lenders. A decade after the financial crisis that triggered taxpayer-funded bank bailouts, the central bank has said repeatedly that they now hold enough capital to withstand extreme theoretical shocks such as Britain crashing out of the European Union next March without a deal. The Bank of England has acknowledged that there was no need, therefore, to make the tests any tougher than last year, raising hopes of positive outcomes when the numbers are delivered at 0700 GMT on Nov. 28.
European stocks were lower Friday afternoon, as investors continued to closely monitor the ongoing political turmoil in the U.K.
Investing.com - The European financial sector was among the worst performers in midday trade on Thursday, as shares of British banks were slammed after UK Brexit Minister Dominic Raab resigned.