FCA may force banks to pay minimum savings rate
25th Jul 2018 08:26
(Sharecast News) - The Financial Conduct Authority has proposed forcing banks to pay a minimum rate of interest on cash savings to stop companies taking advantage of customers.
Read moreChoose cautious RBS over risky Lloyds, Berenberg says
23rd Jul 2018 10:49
(Sharecast News) - UK banks are out of favour with investors but it is possible to differentiate between the riskiest, Lloyds Banking Group and Royal Bank of Scotland, whose cautious strategy is paying off, Berenberg analysts said on Monday.
Read moreSector movers: Lenders' shares pace gains amid Fed chatter
15th Feb 2017 17:49
(ShareCast News) - Banks paced gains in the market on Wednesday amid a bevy of relatively confident Fed speak. "The best performing sector has been banks and financials which are leading the gainers on the back of yesterday's hawkish interpretation of Fed Chief Janet Yellen's comments to the Senate
Read moreLondon close: FTSE gains on financials as US consumer inflation surprises
15th Feb 2017 17:15
(ShareCast News) - London stocks ended Wednesday higher as investors considered news that UK's jobless rate held steady at end-2016, with forecast-busting US inflation numbers helping boost global markets led north by financials. The FTSE 100 ended the session up 0.47% or 33.85 points at 7,302.41, s
Read moreLloyds to review compensation for HBOS fraud victims
7th Feb 2017 10:52
(ShareCast News) - Lloyds Banking Group has appointed consultants to assess whether the bank should pay out compensation to business customers affected by the fraud carried out by former executives of its HBOS arm. On Monday, MPs called for compensation to be paid to victims and for Lloyds to conduc
Read moreHSBC raises targets on Barclays and RBS, upgrades Lloyds
6th Feb 2017 12:55
(ShareCast News) - It remained to be seen whether the UK had successfully navigated the Brexit storm or if the calm before the storm had lasted longer than initially foreseen, but in any case the implications for UK banks now looked "very different" than they did last summer, HSBC said. To back up t
Read moreMonday broker round-up
6th Feb 2017 12:34
(ShareCast News) - Rio Tinto: Macquarie reiterates outperform with a target price of 4300p. Barclays: HSBC reiterates buy, 260p target. Restaurant Group: UBS reiterates neutral with a 310p target. Beazley: JP Morgan reiterates overweight with a 460p target. Inchcape: Deutsche Bank reiterates buy
Read moreFormer HBOS bankers found guilty of bribery and fraud
30th Jan 2017 15:34
(ShareCast News) - Two former HBOS bankers are among six people who have been found guilty of bribery and fraud. Lynden Scourfield, a former manager with HBOS - which was rescued by Lloyds Banking Group during the financial crisis - pleaded guilty to six counts, including corruption. Mark Dobson, w
Read moreUK government cuts stake in Lloyds to just under 5%
30th Jan 2017 07:24
(ShareCast News) - The UK government has cut its stake in Lloyds Banking Group to just under 5%, or 3.57bn shares, as it looks to take the bank private again in the next few months. UK Financial Investments Limited, the government vehicle set up to control taxpayers' stakes in the banks that were
Read moreLloyds' equity arm buys stake in pharma comms company Fishawack
25th Jan 2017 16:04
(ShareCast News) - LDC, Lloyds Bank's private equity arm, has bought a stake in pharmaceutical communications company Fishawack, valuing the Cheshire-based firm at £38m, according to The Telegraph. Fishawack, founded in 2001, offers a range of medical communications services and has over 230 employe
Read moreLloyd's bank accounts targeted by cyber attack
23rd Jan 2017 15:07
(ShareCast News) - Lloyd's Banking Group's three-day online banking glitch affecting 20m UK accounts was caused by a cyber attack. Cybercriminals ran a denial of service (DOS) attack from Wednesday 11 January 2017 to Friday 13 January 2017 in an attempt to block access to customers' bank accounts.
Read moreLloyds reportedly reshuffles senior jobs ahead of strategic update
20th Jan 2017 17:27
(ShareCast News) - Lloyds Banking Group has reportedly reshuffled executives ahead of a strategy review this year. The reshuffle, by chief executive Antonio Horta-Osorio, will result in creating a new role to advise on the strategic update, Bloomberg reported on Friday. Former customer services dir
Read moreJP Morgan bumps up target on Lloyds, positive on MBNA purchase
20th Jan 2017 12:18
(ShareCast News) - Analysts at JP Morgan raised their target price on shares of Lloyds, highlighting the lender´s "underappreciated" ability to generate capital while giving short shrift to some market watchers' concerns relating to management´s choice of balance between paying dividends and pursuin
Read moreWednesday broker round-up
18th Jan 2017 09:48
(ShareCast News) - Hochschild Mining: RBC Capital Markets reiterates Outperform with a target price of 290p. Pearson: Liberum reiterates Sell with a target price of 470p. IG Group: Barclays reiterates Overweight with a target price of 612p. British American Tobacco: Citi reiterates Buy with a targ
Read moreMacquarie reiterates Lloyds as top-pick, downgrades Barclays
16th Jan 2017 08:01
(ShareCast News) - Looking out to 2017, analysts at Macquarie retained their "bullish" stance on European banks, arguing that multiples in the sector were not "stretched", earnings were likely to recover further and consensus expectations were undemanding. However, their bias was for retail/commerci
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