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Lloyds News

17 May 2017

Britain sells its last remaining stake in Lloyds Banking Group

The takeover of HBOS in 2008 caused Lloyds to suffer more than 25 billion pounds in losses, with the bailout leaving the government with a 43 percent state shareholding.

27 Oct 2016

Barclays bank takes $733 million hit over insurance mis-sell

British bank Barclays on Thursday said it had set aside an extra £600 million ($733 million, 672 million euros) to compensate customers mis-sold insurance, a day after rival Lloyds gave a similar update.

18 May 2015

EU approves Spain`s Sabadell takeover of Britain`s TSB

The EU approved on Monday Spanish lender Sabadell`s £1.7-billion (2.3-billion-euro) takeover of TSB, a unit of Britain`s bailed-out lender Lloyds.

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