Business Latest News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

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Business Latest News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

Business Latest News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles
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Business Latest News: UK Asks Banks to Tender for Lloyds, RBS Advisory Roles

by Wochit 0:48 mins

Britain has kicked off the process of appointing advisors for the sale of its shares in Lloyds Banking Group and Royal Bank of Scotland , asking investment banks to submit proposals by July 8th. Oracle Chief Executive Larry Ellison and Salesforce.com head Marc Benioff publicly ended one of Silicon Valley's most bitter feuds as they talked up a major alliance aimed at selling more Internet-based software. William Dudley, the influential head of the New York Fed said that The Federal Reserve's asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if economic growth and the labor market turn out weaker than expected.

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