halifax bank of scotland

Lloyds Banking Group plunges into red after HBOS takeover


February 27th, 2009 - 4:30 pm ICT by IANS
London, Feb 27 (DPA) Lloyds Banking Group Friday reported 2008 losses of 9.9 billion pounds ($14 billion) following its growth into a "superbank" through the emergency takeover of Halifax Bank of Scotland ... Read more...

Posted in World |

Muslim woman manager sues UK bank for sex, race discrimination


January 3rd, 2009 - 2:52 pm ICT by ANI
London, Jan 3 (ANI): A Muslim woman bank manager has claimed that her bosses accused her of having sex with a client, and suggested that cleaning was womens work. She has ... Read more...

Posted in World |

British government to become major stakeholder in RBS bank


November 28th, 2008 - 9:51 pm ICT by IANS
London, Nov 28 (DPA) The British government is to become a majority stakeholder in the Royal Bank of Scotland (RBS) after shareholders failed to respond effectively to a cash-raising call.RBS, which is ... Read more...

Posted in Business |

Salaries of British company bosses ‘defy gravity’


October 14th, 2008 - 6:47 pm ICT by IANS
London, Oct 14 (IANS) Even as greedy unsupervised bankers and stockbrokers are blamed for the global financial crisis, a new report shows directors of the biggest British companies are pocketing record-breaking multi-million ... Read more...

Posted in Entertainment |

Brown has saved the world’s financial system: Krugman


October 14th, 2008 - 3:20 pm ICT by IANS
Washington, Oct 14 (IANS) Though British Prime Minister Gordon Brown's financial rescue plan has been hailed worldwide, the most notable endorsement came from Paul Krugman, who won the 2008 Nobel Prize for ... Read more...

Posted in World |

British bailout: banks asked to freeze executive bonuses (Third Lead)


October 13th, 2008 - 11:53 pm ICT by IANS
London, Oct 13 (IANS) The British government Monday poured a massive 37 billion pounds ($65 billion) into three of the country’s biggest banks and wrested guarantees of a freeze on executive bonuses.In ... Read more...

Posted in World |

London’s measures are significant: Government (Second lead)


October 13th, 2008 - 3:52 pm ICT by IANS
London, Oct 13 (DPA) The British government believes that the "decisive action" taken to stabilize leading banks with 37 billion pounds ($65 billion) of new capital will help it to "get through" ... Read more...

Posted in Business |

British government outlines $65 bn bank rescue (Lead)


October 13th, 2008 - 3:10 pm ICT by IANS
London, Oct 13 (DPA) The British government Monday gave details of its bank recapitalization plan which foresees pumping 37 billion pounds ($65 billion) into three leading banks.The Royal Bank of Scotland (RBS) ... Read more...

Posted in World |

Britain’s RBS to raise $35 bn under bailout scheme


October 13th, 2008 - 2:48 pm ICT by IANS
London, Oct 13 (DPA) Britain's Royal Bank of Scotland (RBS) announced Monday that it will be raising 20 billion pounds ($35 billion) of new capital under a government bail-out scheme.The bank also ... Read more...

Posted in Business |

British government to become main shareholder in two banks


October 13th, 2008 - 12:20 am ICT by IANS
London, Oct 12 (DPA) With the implementation of its 500 billion pound ($850 billion) rescue package, the British government will on Monday become the biggest shareholder in two of the country's largest ... Read more...

Posted in Business |

London stock market rebounds after relief measures


October 9th, 2008 - 6:08 pm ICT by IANS
London, Oct 9 (DPA) The London stock market rebounded in early trading Thursday, which saw the Financial Times Share Index rise by 3 percent while banking shares were up again sharply.The recovery ... Read more...

Posted in Business |

Second British bank nationalised as US credit crunch spreads (Roundup)


September 29th, 2008 - 10:47 pm ICT by IANS
London, Sep 29 (IANS) The British government announced Monday it will nationalise buy-to-let mortgage lender Bradford & Bingley in a 42 billion pound bailout as the American credit crunch began spreading in ... Read more...

Posted in World |

Lloyds union for ending bank outsourcing to India


September 24th, 2008 - 11:51 am ICT by IANS
London, Sep 24 (IANS) The union representing the majority of Lloyds TSB bank staff has called on the bank to end its outsourcing of jobs to India in the wake of its ... Read more...

Posted in Business |

Britain’s Lloyds Bank seals giant merger with HBOS


September 18th, 2008 - 11:40 am ICT by IANS
London, Sep 18 (DPA) Lloyds Bank in Britain has agreed to a merger with the country's biggest mortgage lender, Halifax Bank of Scotland (HBOS), creating a banking giant that will dominate the ... Read more...

Posted in Business |

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