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Banking Latest News: Lloyds was Told of Regulator's Co-op Concerns in 2011

Wochit 0:58 mins

Regulatory and banking sources said,Lloyds Banking Group was told in December 2011 that the Co-operative Bank did not have a "feasible and sustainable capital plan" to buy more than 600 branches from Lloyds Goldman Sachs said that its second-quarter profit doubled and revenue jumped 30 percent, helped by gains in stock-and-bond underwriting and the bank's own investments. But the hot topic for analysts who follow the bank was a set of impending capital rules and how they might affect the powerful New York investment-bank. A determination by Europe's most powerful central bankers to keep interest rates low might save the continent's fragile banking system from short-term pain but undermines long-term profitability and encourages excessive risk-taking.

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