Home » Lloyds Banking Group
You are browsing entries tagged with “Lloyds Banking Group”
10th June, 2015 George Osborne has confirmed that the UK government will start selling off its £32bn stake in the Royal Bank of Scotland at a loss, insisting any delay would be bad for the economy, taxpayers and bank. Addressing the annual Mansion House dinner in the City of London, Osborne said: “It’s the right thing […]
June 10th, 2015 | Posted in Blog | Read More »
14th April 2015 Lloyds Banking Group shareholder Michael Page may be about to force some accountability, and perhaps even a degree of honesty, at the state-rescued bank in which he owns a stake. In doing so Page — whose Guernsey-based aircraft leasing business was left massively out of pocket following the collapse of the scandal-plagued, and HBOS-backed, aviation business, Corporate Jet Services, in […]
April 14th, 2015 | Posted in Blog | Read More »
March 11th, 2015 Britain’s banks would never have been able to get away with behaving as badly as they have, to missell as many financial products or ruin as many viable business customers if their sector had been subject to proper competition, the former entrepreneur-in-residence at the Department of Business Innovation and Skills, Lawrence Tomlinson, has said. […]
March 11th, 2015 | Posted in Blog | Read More »
By Ian Fraser Published: Sunday Herald Date: 21 December 2014 [Note this the unedited version of a business focus article published in the Sunday Herald on 21 December 2014] Banks including the Royal Bank of Scotland and Lloyds Banking Group have found a new way of freshening up their balance sheets and ridding themselves of business customers […]
December 21st, 2014 | Posted in Article Library | Read More »
By Ian Fraser Published: The Herald Date: 21 May 2014 In an unprecedented clash between two of the UK’s biggest banks, Lloyds Banking Group is suing government owned Royal Bank of Scotland over its “misleading” £12 billion rights issue. In what is seen as the first American-style class action to hit the English courts Lloyds – […]
May 21st, 2014 | Posted in Article Library | Read More »
April 24th, 2014 Here is Nick Wallis and Laura Ansell’s first-class investigative documentary for BBC South about Lloyds Banking Group’s despicable treatment of customers who allege they were cheated and swindled out of millions of pounds by HBOS, for which I was interviewed. Lloyds, led since March 2011 by chief executive António Horta-Osório, remains firmly […]
April 24th, 2014 | Posted in Blog | Read More »
January 23rd, 2014 I’ve long wondered how committed the Labour shadow business secretary and MP for Streatham Chuka Umunna really is to UK banking reform. It seems the answer is “not very”. In the furore that followed the publication of the Tomlinson Report on November 25 last year, a report which (accurately, in my view) […]
January 23rd, 2014 | Posted in Blog | Read More »
By James Nicholls October 23rd, 2013 Banks are in the business of making money – just like every other business – and they do this by providing bank accounts and lending money at a profit. So far so ordinary. They lend to individuals and businesses and most of the time this all goes well, in […]
October 23rd, 2013 | Posted in Blog | Read More »
By Ian Fraser Published: The Parliamentary Review Date: September 30th, 2013 The Libor scandal It was described as the banking industry’s ‘tobacco moment’. In June last year, Barclays was fined £290 million by US and UK regulators and judicial authorities after it admitted to systematically rigging the London Inter-Bank Offered Rate (Libor). Libor is the […]
September 30th, 2013 | Posted in Article Library | Read More »
December 15th, 2012 In his testimony to the Parliamentary Commission on Banking Standards taken, taken in private in his Dumbartonshire bungalow on November 27th, the former HBOS corporate chief executive Peter Cummings railed against the FSA and criticised his boardroom colleagues but seemed to be as much in denial as ever. There was no contrition, no […]
December 15th, 2012 | Posted in Blog | Read More »