2.64 0.00 (0.00%)
After hours: 4:19PM EST
|Bid||2.60 x 45100|
|Ask||2.64 x 300400|
|Day's Range||2.6000 - 2.7000|
|52 Week Range||2.6000 - 4.2100|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||8.80|
|Forward Dividend & Yield||0.16 (6.05%)|
|1y Target Est||2.90|
Pindrop uses machine-learning technology that is fed large amounts of data to learn the difference between a legitimate and fraudulent phone call.
Per the U.K. stress test results, the Bank of England claims that British banks will be able to withstand even a disorderly Brexit.
Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
All seven British banks and building societies in this year's Bank of England stress test passed, indicating they could withstand a disorderly Brexit without having to curb lending. The BoE's Financial Policy Committee (FPC) said on Wednesday that it has reviewed a scenario whereby Britain crashes out of the European Union in March with no deal or transition period. "The FPC judges that the UK banking system is strong enough to continue to serve UK households and businesses even in the event of a disorderly Brexit," it said in its twice-yearly Financial Stability Report.
“Our concerns relate to the allegations of the cover-up of the fraud, rather than the fraud itself,” Kevin Hollinrake, a lawmaker who co-chairs the all-party parliamentary group on fair business banking, wrote in a letter to Antonio Horta-Osorio. While the incidents that led to criminal convictions occurred years ago, scrutiny of how Lloyds handled the affair has grown as the bank settled last week with the whistleblower, former risk officer Sally Masterton. It claimed some executives at HBOS hid the fraud at one of that bank’s branches before Lloyds acquired the lender at the peak of the financial crisis.
A senior lawmaker has demanded an investigation into the way the chief executive of Lloyds Banking Group (LLOY.L) handled information related to one of Britain's biggest fraud cases. Kevin Hollinrake, the chairman of the parliamentary group for banking, said on Wednesday he had notified Lloyds CEO Antonio Horta-Osorio that he had written to the Financial Conduct Authority (FCA) about the case involving the Reading unit of HBOS, which Lloyds acquired in 2009. Lloyds said this month it had settled with Sally Masterton, a former Lloyds senior risk officer who accused former bosses of concealing fraud at the HBOS Reading unit prior to a cash call needed to keep the combined group afloat in 2009.
Antonio Horta-Osorio, who took the helm in 2011, didn’t immediately flag that he received an extensive document in early 2014 stating that fraud at the bank’s HBOS unit was concealed, according to Anthony Stansfeld, an elected official who provides police oversight in the Thames Valley region west of London. The report, which was written about five years ago and only made public last summer, claimed that some HBOS executives hid the fraud at a branch in southern England before Lloyds acquired the bank at the peak of the financial crisis. It also said that Lloyds had evidence of the incident in late 2008, but didn’t disclose details to its shareholders.
European stocks were lower Friday afternoon, as investors continued to closely monitor the ongoing political turmoil in the U.K.
Investing.com - The European financial sector was among the worst performers in midday trade on Thursday, as shares of British banks were slammed after UK Brexit Minister Dominic Raab resigned.
The pound slumped and gilts rallied as several U.K. ministers resigned less than 24 hours after Prime Minister Theresa May said she had won cabinet approval for a deal with the European Union. Sterling slid the most in more than 17 months after ministers including Brexit Secretary Dominic Raab and Work and Pensions Secretary Esther McVey quit May’s top team. “Brexit worries are sending shock waves through the currency markets,” said Credit Agricole SA head of Group-of-10 currency strategy Valentin Marinov.
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, Britain’s biggest mortgage lender, fell the most in two years. Prime Minister Theresa May’s government and her day-old Brexit deal were on the verge of unraveling after several of her ministers resigned on Thursday morning.
Lloyds Banking Group has agreed to pay compensation to the author of an explosive leaked report into the HBOS Reading fraud scandal. Sally Masterton, who wrote the Project Lord Turnbull report leaked online in May, agreed a settlement with the high street bank to recognise the “distress and inconvenience” caused to her by the saga. The former Lloyds senior risk officer found herself in the spotlight after an unredacted version of the report was published online by campaigners and included her mobile phone number.
Lloyds Banking Group (LLOY.L) said on Wednesday it had settled with an ex-employee who accused former bosses of concealing a massive fraud at its HBOS Reading unit, prior to a record-breaking cash call needed to keep the combined group afloat in 2009. The bank apologised to Sally Masterton, a former senior risk officer at Lloyds, and said that it had agreed to pay her financial compensation. Britain's biggest mortgage lender, which took over HBOS in 2009, reopened Masterton's case earlier this year after coming under pressure over its treatment of her and how it handled her allegations.
Does Lloyds Banking Group PLC (ADR) (NYSE:LYG) represent a good buying opportunity at the moment? Let’s briefly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and invest millions of dollars on research activities, so it is no wonder why they tend to generate millions […]
Legendary investors such as Leon Cooperman and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don’t publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That’s why we analyze the […]
A British labour union criticised Lloyds Banking Group (LLOY.L) on Tuesday for cutting 6,000 jobs as part of a reorganisation that the lender said would actually create 2,000 posts overall. "This latest announcement will undoubtedly hit the morale of staff who have had to endure round after round of job cuts, branch closures and constant upheaval," said Rob MacGregor, national officer for the Unite union. In a separate statement, Lloyds confirmed it is creating 2,000 net new jobs to help it provide more digital banking products and services.
Lloyds Banking Group confirmed on Tuesday that it would cut more than 6,000 jobs as part of an overhaul but said it would create 8,000 new roles as it moves to digitise its operations. It is understood that Lloyds believes the majority of staff being made redundant will secure new positions. Lloyds has already axed 50,000 staff and closed 500 branches in recent years.
(Reuters) - Lloyds Banking Group Plc (LLOY.L) will cut around 6,000 jobs, while adding 8,000 new roles as part of a planned 3 billion pound investment, Sky News reported https://news.sky.com/story/lloyds-to-create-2000-jobs-in-drive-to-digitise-banking-giant-11545673 ...
Lloyds Banking Group Plc will cut around 6,000 jobs, while adding 8,000 new roles as part of a planned 3 billion pound investment, Sky News reported https://news.sky.com/story/lloyds-to-create-2000-jobs-in-drive-to-digitise-banking-giant-11545673 ...