News: Lloyds Banking Group

Lloyds Banking Group become the second state-owned bank in as many days to announce a multi-billion pound loss as its bad debts rose. Good to see taxpayers' money so well invested.

The chief executive of Lloyds Banking Group, Eric Daniels, has decided to waive his £2.3m bonus for 2009.The bank, which is 43%-owned by the taxpayer, said Mr Daniels took the decision to prevent a row over bonuses.He was said to be concerned that a row would distract attention from the "excellent progress" made by the bank over the last year

Royal Bank of Scotland and Lloyds Banking Group will announce their 2009 results this week, but analysts predict both are some way from profitability. The two British giants, both of which have been propped up by the Government, are expected to be overshadowed by Barclays' stellar results from last week.

Following a strategic review of its Irish operations, Bank of Scotland (Ireland) (BOSI), a unit of Lloyds Banking Group (Lloyds), is set to close its Halifax retail banking business as Ireland continues to struggle in a difficult economic environment.

The Treasury should impose effective and enforceable sanctions to encourage the country�s bailed-out lenders to meet loan promises made as a condition of receiving taxpayer support, MPs said in a report.Both part-nationalised Royal Bank of Scotland and rival Lloyds Banking Group, 43 percent state-owned....

Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears aimed at quelling criticism of the bank's compensation practices. According to one industry consultant, "It's almost as if he's taking a bullet for everyone else."

If you pay tax in the UK, you are a major shareholder in several banks - Royal Bank of Scotland (RBS), Lloyds and Northern Rock - who were saved from financial ruin by government intervention in 2008.The Treasury spent £117bn of taxpayers' cash bailing out Britain's failing banks

Lloyds Banking Group has announced the closure of its Sussex House contact centre in Brighton, with the loss of more than 500 jobs. What is the place of the independant contact centre in the current economic climate and what are they doing to keep their heads above water?

Lloyds Banking Group's shareholders overwhelmingly back a rights issue aimed at improving the group's finances.

Lloyds Banking Group launches the UK's biggest rights issue, worth �13.5bn, selling shares at a discounted price of 37p.