The Bank of England revealed the results of its annual stress test today, for the first time since the launch of the test in 2014, no bank is required to strengthen its capital position as a result of the test, the BoE revealed. The 2017 test subjected banks to a scenario described by the BoE […]
Lloyds Private Banking has boosted its Wealth Investment Office with the appointment of Christopher Ighodaro as a portfolio specialist. Reporting into Jon Wingent, head of portfolio specialists Ighodaro becomes a key member of the Wealth Investment Office, Lloyds Private Banking’s in-house investment experts. Established in 2015, the client-facing portfolio specialists provide expert investment support and […]
The Bank of England (BoE) announced the results of its stress test, revealing that three UK lenders, the Co-operative Bank, HSBC Bank, and RBS need to strengthen their capital position. HSBC was the only one of three banks included in the FTSE100 deemed to be “at risk” in the crisis scenario, while Barclays and Lloyds […]
Lloyds Banking Group has appointed Markus Stadlmann as its new chief investment officer for its Wealth and Mass Affluent business. The business is part of the group’s Retail division, which includes International Wealth, and serves some 500,000 clients. Stadlmann has previously worked at Siemens AG, West Lab Asset Management, VP Bank Group, Harald Quandt Holding […]
After a strong year for UK shares, the Lloyds Bank Private Banking Investor Sentiment Index survey shows private investor confidence in asset class is at its highest since the survey began in March 2013.
Aberdeen Asset Management has bought Scottish Widows Investment Partnership (SWIP) from Lloyds Banking Group for some £660m.
Union Bancaire Privée (UBP) has announced the acquisition of Lloyds Banking Group’s International Private Banking business.
Lloyds Banking Group has moved closer to a sale of Scottish Widows Investment Partnership as it seeks to strengthen its balance sheet, according to reports.
Lloyds Banking Group reported a loss for the full year to December 2012, much lower than the heavy losses seen the previous year, as reports suggest the UK government is gearing up to sell its stake in the bank.
The UK economy may never recover the £66bn spent on rescuing Royal Bank of Scotland (RBS) and Lloyds, a new report has warned.
Geneva’s banking sector has contracted over the past year, after a number of mergers, acquisitions and job cuts.
A sharp fall in liquidity this year has taken its toll on the foreign exchange market, with many platforms reporting significantly depleted volumes, but the illiquidity is also affecting banks.