Everyone concentrated so hard on Lloyds Banking...
Lloyds CEO Antonio Horta-Osorio has a lot to smile about. Mainly because he personally got £11 million for 2014.
Some people don't think 9,000 workers being laid off at Lloyds is particularly bad news for the bank.
Lloyd’s of London, the world’s most prestigious insurer, operates a group called the Joint War Committee.
The Lloyds Banking Group bankers forced to pay back some of their bonus payments are unlikely to be the last bankers made to repay remuneration, as claw-backs become increasingly popular.
[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=wzPyhihc6aU”] Lloyds Banking Group’s CEO in London will not accept an annual bonus for 2011 after taking a leave of absence from the embattled bank, according to a statement released Friday. [via Dealbook]”As Chief Executive, I believe my bonus entitlement should reflect the performance of the Group but […]
The S&P is back in positive territory for the year. But some sectors did better than others.
In echoes of 2008, this fall’s Wall Street layoffs are going to be brutal.
Britain’s Independent Commission on Banking has released it’s final report, aka the “Vickers Report” — available here as a PDF — that looks set to have wide implications for British banks and consumers.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Lloyds_TSB_Enfield.JPG”] British bank Lloyds is set to cut 15,000 more jobs, The Independent reports.The bank, which is partially state-owned, is expected to make the announcement tomorrow in an attempt to save £1 billion ($1.6 billion) in costs per year.
UK Business Secretary Vince Cable has threatened to raise taxes on banks unless they start lending to small and medium-sized businesses, reports the BBC.
[credit provider=”www.flatcapscoffee.com” url=”http://www.flatcapscoffee.com/70207/info.php?p=11&pno=0″] Joe Meagher used to arrange loans for Lloyds Banking Group.But when he was given the chance to take a redundancy package last year, “he chose to follow his dream and set up his own coffee shop.”
[credit provider=”FCEE” url=”http://www.google.com/imgres?imgurl=http://www.fcee.lisboa.ucp.pt/resources/Images/NOTICIAS/Antonio_Horta_Osorio.jpg&imgrefurl=http://www.fcee.lisboa.ucp.pt/site/custom/template/fceetplchancyv2.asp%3Fsspageid%3D530%26lang%3D2&usg=__Ez5XI8TNqQ1CKRT94KIKctsNumI=&h=448&w=292&sz=14&hl=en&start=0&sig2=TFtI9nQwgdxsJvyflt21sQ&zoom=1&tbnid=7SHcm7IofdD_QM:&tbnh=168&tbnw=110&ei=AVrRTJTQFIL-8Aa0vY27DA&prev=/images%3Fq%3DAnt%25C3%25B3nio%2BHorta-Os%25C3%25B3rio%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DN%26rls%3Dorg.mozilla:en-US:official%26biw%3D1280%26bih%3D789%26tbs%3Disch:1&um=1&itbs=1&iact=hc&vpx=498&vpy=52&dur=2021&hovh=278&hovw=181&tx=68&ty=155&oei=AVrRTJTQFIL-8Aa0vY27DA&esq=1&page=1&ndsp=22&ved=1t:429,r:2,s:0″] António Horta-Osório, CEO of Lloyds Banking Group is expected to announce changes to his boardroom.Archie Kane, the group executive director for Insurance and Scotland is expected to retire, and Helen Weir head of the retail division is expected to depart as well.
British banking giant LLoyds is sending hundreds of its executives into its branches in an attempt to solve its long-running customer service problems, according to the Sun.
[credit provider=”FCEE” url=”http://www.google.com/imgres?imgurl=http://www.fcee.lisboa.ucp.pt/resources/Images/NOTICIAS/Antonio_Horta_Osorio.jpg&imgrefurl=http://www.fcee.lisboa.ucp.pt/site/custom/template/fceetplchancyv2.asp%3Fsspageid%3D530%26lang%3D2&usg=__Ez5XI8TNqQ1CKRT94KIKctsNumI=&h=448&w=292&sz=14&hl=en&start=0&sig2=TFtI9nQwgdxsJvyflt21sQ&zoom=1&tbnid=7SHcm7IofdD_QM:&tbnh=168&tbnw=110&ei=AVrRTJTQFIL-8Aa0vY27DA&prev=/images%3Fq%3DAnt%25C3%25B3nio%2BHorta-Os%25C3%25B3rio%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DN%26rls%3Dorg.mozilla:en-US:official%26biw%3D1280%26bih%3D789%26tbs%3Disch:1&um=1&itbs=1&iact=hc&vpx=498&vpy=52&dur=2021&hovh=278&hovw=181&tx=68&ty=155&oei=AVrRTJTQFIL-8Aa0vY27DA&esq=1&page=1&ndsp=22&ved=1t:429,r:2,s:0″] António Horta-Osório was in line to take over Banco Santander, the biggest bank in Europe.He has been CEO of the Spanish bank’s UK subsidiary since 2006 and it was no secret that he was part of the succession plan.
Bankers in London are now bashing Goldman for screwing client Lloyds Banking Group in the world’s biggest financing last fall ($30+ billion).
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