|Bid||36.24 x 0|
|Ask||36.24 x 0|
|Day's Range||35.62 - 37.98|
|52 Week Range||23.58 - 73.66|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||35.62|
|Earnings Date||Feb 15, 2021 - Feb 19, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 16, 2020|
|1y Target Est||75.37|
Charlie Nunn is to replace Antonio Horta-Osorio, who leaves the bank in the summer.
Lloyds Banking Group PLC (NYSE: LYG) has named HSBC Holdings plc's (NYSE: HSBC) head of wealth and personal banking unit Charlie Nunn as the new chief executive officer. Nunn will replace current CEO Antonio Horta-Osorio, who had announced he would step down in July.What Happened: Antonio had joined the British financial institution in 2011, and his tenure ends by June 2021. The move is part of Lloyd's leadership overhaul, which recruited former investment banker Robin Budenberg as its new chairman in July, Bloomberg reports.Antonio steered Lloyd's through the aftermath of the global financial crisis when the U.K government unwound its £21 billion bailout stake.Why It Matters: Charlie Nunn's appointment comes amid reports of HSBC mulling the exit of its U.S. retail banking operations. HSBC has promoted its European chief executive Nuno Matos as head of its wealth and personal banking division.If Antonio steps down ahead of Nunn's appointment, then Chief Financial Officer William Chalmers is expected to become acting CEO for the interim period -- Bloomberg.Price Action: LYG shares are up by 0.52% at $1.95 in the pre-market session on the last check Monday.Image Courtesy: WikimediaSee more from Benzinga * Click here for options trades from Benzinga * HSBC Mulls Exiting US Retail Banking Operations: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- JPMorgan Chase & Co. and Lloyds Banking Group Plc have expressed interest in buying Starling Bank Ltd., a British challenger startup lender, the Times reported.The sale of Starling could lead to the first big merger of an established lender with a startup in Britain, the newspaper said, without identifying its sources. American giant JPMorgan is preparing to launch a consumer bank in the U.K. in the new year, while LLoyds, one of Britain’s largest retail banks, is interested in Starling’s technology, according to the Times.Starling was founded by Anne Boden in 2017 and its main shareholders include Bermuda-based Harry McPike and Merian Global investors. The bank recently said it had made its first profit of 800,000 pounds ($1.1 million) in the month of October. Its customer numbers rose this summer when it was accredited to lend government-backed bounce-back and coronavirus business interruption loans.The interest in Starling has arisen after it opened a data room as part of a plan to raise 200 million pounds in new funding, the Times said, adding that Boden, chief executive officer of Starling, has long expressed an ambition to float the bank on the stock market.“Anne has always said she will never sell to a big bank,” a spokesperson for Starling said. “An IPO is still in our sights.”A spokesperson for JPMorgan and a spokesperson for Lloyds declined to comment when contacted by Bloomberg.(Updates with JPMorgan spokesperson declining to comment in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.