Lloyds Banking Group
US fines Lloyds TSB $350m for breaking international rules
Losses & Lawsuits
RBS, HBOS and Lloyds TSB ask for government capital
The UK government announced this morning it will pour a total of £37 billion into Royal Bank of Scotland (RBS), HBOS and Lloyds TSB, as part of a recapitalisation plan revealed last week.
CDS spreads push out as bailout drags on
The cost of protection on some of the world’s largest dealers surged on Friday as uncertainty grew over the US government’s $700 billion plan to purchase devalued assets from financial institutions.
CDS spreads continue to tighten
Credit default swap (CDS) spreads on financial institutions had tightened further by close of play on September 19, as market confidence continued to rise after large injections of cash from central banks
The Feds are coming
Regulators in the US are cracking down on banks in their stringent anti-money laundering campaign. Nick Kochan looks at the civil penalties being imposed on financial institutions and wonders whether they are entirely justified
Lloyds TSB appoints head of FX derivatives trading
Lloyds TSB has appointed Anders Henrikson as head of foreign exchange derivatives trading in London.
Lloyds TSB makes more derivatives hires
Lloyds TSB has added four senior staff to its London derivatives team.
Lloyds TSB hires in corporate derivatives sales
Lloyds TSB has appointed Luke Walker as a manager in its corporate sales team.
Lloyds TSB makes institutional derivatives sales hires
Lloyds TSB has recruited Peter McGloughlin and Ian Shaw to its team selling derivatives to financial institutions.
Lloyds TSB appoints new leveraged syndications head
David Whiteley has been hired to manage Lloyds TSB’s newly formed leveraged loan syndication team.
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Lloyds TSB appoints head of debt origination
Lloyds TSB Corporate Markets has appointed Farouk Ramzan to the new role of head of debt origination.
Lloyds TSB appoints new global solutions head
Chris Mitchell has been appointed head of global financial institutions solutions at Lloyds TSB Financial Markets in London. He comes from AIG, where he was head of UK derivatives marketing, and has previously worked as head of UK derivatives marketing…
Operational risk and compliance
One of the attractions of working on operational risk is the variety of the subject matter that is generally categorised under that heading. Op risk covers a series of diverse risk drivers. Examples are fraud, processing issues, and legal and regulatory…
Lloyds TSB appoints head of quantitative analytics
Lloyds TSB Financial Markets has appointed John Crosby as global head of quantitative analytics and research in London. He will lead a team of quants and will be responsible for developing models for pricing derivatives instruments across all asset…
Lloyds TSB hires Fortis Bank's structured credit team
Lloyds TSB Financial Markets has brought Fortis Bank's structured credit team to London to reinforce its own structured credit operation.
Derivatives dealers focus on mid-caps
Derivatives dealers are focusing more on mid-cap corporates this year as an alternative to the arguably over-banked blue chip companies, say some market participants.
RBS boosts equity derivatives sales team
Royal Bank of Scotland (RBS) has hired Andy Savill as an equity derivatives sales manager for the UK and Ireland.
Lloyds TSB hires liquidity risk and balance sheet manager
Lloyds TSB, the UK bank, has hired Mark Preston as a new managing director in its financial markets unit that manages liquidity risk and balance sheet requirements.
Regulators remain fuzzy on practicalities of AMA group allocation approach
Both US and UK regulators offered only clues about how the various controversies surrounding the group allocation issue would be resolved at OpRisk Europe and OpRisk USA, hosted by Incisive Media in March.
UK regulator clamps down on structured product selling
The UK Financial Services Authority (FSA) is set to finalise tough new guidelines for marketing retail structured products this month, as it moves to strengthen oversight after 2003's 'precipice' bond controversy, which saw Lloyds TSB fined almost £2…
FSA chief hits out at structured products
Financial Services Authority (FSA) chairman Callum McCarthy has warned of the dangers of banks selling complicated financial products to customers who do not fully understand them.
Lloyds TSB hires FSA risk regulator
Lloyds TSB, fined recently by the Financial Services Authority (FSA) for mis-selling investment products to retail investors, has responded by hiring the UK financial watchdog's top risk regulator.