By Alexander Smith
LONDON, Oct 6 (Reuters) – If Brussels is really planning to force Royal Bank of Scotland and Lloyds Banking Group to give up small business customers as part of the price for state aid they have received, it will be trying to break a cartel which has persisted despite the best efforts of the British government.
Financial Regulatory Forum
By Alexander Smith
BRUSSELS, Sept 29 (Reuters) – Partially-nationalised British
bank Lloyds needs to shrink its activities in areas
where it is currently dominant to compensate for taking billions
of pounds in state aid, the European Union’s antitrust chief
By Clara Ferreira-Marques
LONDON, Sept 16 (Reuters) – Lloyds Banking Group, Britain’s largest retail bank, faces an uncertain future as the EU considers whether to force a carve-up of its current structure and the sale of its Halifax unit, analysts said.
LONDON, Sept 15 (Reuters) – The European Commission may force Lloyds Banking Group <LLOY.L> to sell off all or part of its Halifax branch network as compensation for the billions of pounds of state aid the group has received, the London Times reported. (more…)
By John O’Donnell and Foo Yun Chee
BRUSSELS, Sept 15 (Reuters) – The EU’s executive arm will be primed for a decision within weeks on whether to let Lloyds and Royal Bank of Scotland offload problem investments to the state, a ruling that could force a shake-up of the troubled lenders.
By Ben Berkowitz
AMSTERDAM, Sept 15 (Reuters) – The European Commission has extended a review of a 22 billion euro ($32 billion) loan portfolio guarantee between ING and the Dutch state, saying the government may have paid too much.
LONDON, Sept 15 (Reuters) – UK Finance Minister Alistair Darling plans to force the country’s banks to draw up ‘living wills’ that would allow them to be dismantled more easily in the event of another financial crisis, the Financial Times reported.
LONDON, Sept 14 (Reuters) – Shadow UK chancellor George Osborne is looking at selling a tranche of shares in Royal Bank of Scotland <RBS.L> and Lloyds Banking Group <LLOY.L> to retail investors, the Financial Times reported. (more…)
BRUSSELS, Sept 11 (Reuters) – European Union competition regulators are set to take a closer look at bonuses at state-aided banks, the EU’s antitrust chief said on Friday.
By Huw Jones
LONDON, Sept 10 (Reuters) – Clawbacks would help tackle public concern over bank bonuses, as would deferring parts of a pay package, said Win Bischoff, incoming chairman of Britain’s Lloyds Banking Group <LLOY.L>. (more…)