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Lloyds Banking Group and the Co-operative are set to agree terms on the sale of 632 of the bank's branches after submitting a revised proposal to the Financial Services Authority (FSA).
Consolidator Perspective Financial Group has purchased two more advisory practices acquisitions, bringing its total number of acquisitions to 30.
Lloyds Banking Group has set aside an extra £375m to cater for an influx of compensation claims related to the mis-selling of payment protection insurance (PPI).
Other Lloyds Banking Group articles
NBNK has made a revised offer to Lloyds Banking Group to buy the 632 branches it was due to sell to Co-operative Group.
The Co-operative Group’s planned purchase of over 600 Lloyds branches has been thrown into further uncertainty after its chief executive conceded it “may not go ahead”.
The government has launched a scheme to help small businesses access cheaper finance through discounts on loans.
Part-nationalised banks Lloyds and Royal Bank of Scotland (RBS) have announced plans to cut some 1,900 jobs in a move the Unite union called “brutal”.
HSBC is set to claw back thousands of pounds of bonuses from executives after its long term care advice subsidiary was fined for mis-selling bonds to elderly customers.
Banking giant Lloyds is to strip five current and former senior bankers of some £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI), according to the Telegraph.
Three of the country’s largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.
IFAs have welcomed Scottish Widows’ plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.
Scottish Widows has revealed it is examining the possibility of re-entering the IFA protection market.
Labour leader Ed Miliband will next week launch an attack on bonus culture in all sectors by calling for a Commons vote on the practice.
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