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9
Oct

UK Banks Downgraded: Markets Jittery

Posted by Susan Mitchell (0) Comment

Beleaguered savers faced a new nightmare yesterday as 12 banks and building societies had their credit ratings downgraded.

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Category : Banking News | Blog
17
Sep

Hill Samuel

Posted by Susan Mitchell (0) Comment

Hill Samuel is a wholly owned subsidiary of Lloyds TSB’s Offshore Private Banking unit. It was formerly a leading British merchant bank and financial services firm before the takeover by TSB Group Plc. in 1987, which itself merged with Lloyds Bank to become Lloyds TSB in 1995.
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Category : UK Banks | Blog
4
Aug

Lloyds Banking Group Shocker – From £4bn Loss To A £1.6bn Profit In ONE Year

Posted by Susan Mitchell (0) Comment

Lloyds Banking Group hailed a ‘significant milestone’ today as it returned to profit with a £1.6billion surplus.

The result for the taxpayer-backed bank came as a marked turnaround on the £4billion of losses seen a year ago and was better than expected by most analysts.

Today’s half-year results are likely to lead to renewed political pressure for the bank – which is 41 per cent owned by the Government – to increase its lending.
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Category : Economy News | Blog