U.K. lenders including Royal Bank of Scotland Group Plc (RBS) and Lloyds Banking Group Plc (LLOY) are selling assets and detailing plans to bolster their balance sheets to deflect calls from regulators to plug a capital shortfall.
Lloyds this week sold a stake in asset manager St. Jamesâ€™s Place Plc (STJ), booking a 400 million-pound ($597 million) gain, while RBS said last month it will sell its U.S. operation and shrink its securities unit to bolster capital. Barclays Plc (BARC) plans to sell contingent convertible notes to boost its financial strength, a person with knowledge of the matter said last month.
- 2Why one economist says no recession until at least 2016
- 2Pound rises against the dollar after U.K. GDP data
- 2Pound Halts Three-Day Drop as U.K. Growth Meets Estimates
- 2Deutsche Bank Said to Have Passed ECB Stress Test
- 2Amazon CEO Bezos Faces Season of Worsts as Losses Mount
- 3U.S. Stocks Extend Rally on Earnings; Dollar Declines
- 3Fedâ€™s $4 Trillion Holdings to Boost Growth Beyond End of QE
- 3ECB Set to Fail 25 Banks in Review, Draft Document Shows
- 4Gold Rises From 1-Week Low as Investors Assess Economy
- 3Wall St. little changed as Microsoft offsets Amazon
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar draghi ecb economy eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news fx gbp/usd gold google greece imf obama oil pound s&p 500 spain stock stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen