New Star has entered into urgent negotiations with ... The potential deal would see the lenders take ... A number of other parties are understood to ... New Star’s stock plunged 68% on Monday after ... John Duffield is courting HBOS, Lloyds TSB, Royal ... The banks intervened after New Star halted withdrawals...
The Merger Action Group, a consortium of businessmen, ... The consortium also claimed that the government’s decision ... The group, which is being led by Edinburgh ... The group has lodged a complaint with the ... Meanwhile, HBOS on Saturday stressed that its proposed...
UK Financial Investments, the company established to manage ... Crompton, who served as head of equity capital ... The UKFI has appointed Merrill Lynch banker John ... John Kingman, a Treasury official, will be chief...
Fund managers have largely voted in favour of ... In a report yesterday, voting advisory firm Pirc ... Directors at Barclays, HBOS, Lloyds and Royal Bank ... Pirc did point out, however, that fund managers ... According to publicly-available voting records, at least one ... However, Insight has often engaged directly with bank...
Lloyds TSB has begun approaching prospective buyers of ... Meanwhile, Alyn Smith, an SNP MEP, has urged ... Meanwhile, Sir George Mathewson and Sir Peter Burt ... Lloyds has discussed with NM Rothschild about dealing ... Integrated Finance’s loan book of £4.5bn (€5.3bn) represents...
Lloyds TSB shareholders on Wednesday overwhelmingly voted in ... Shareholders also backed Lloyds TSB's proposed £5.5bn (€6.5bn) ... Several private shareholders, however, expressed serious concerns over ... Meanwhile, unions and employees on Wednesday protested outside...
Lloyds TSB’s investors overwhelmingly endorsed the government-brokered takeover ... Several private shareholders, however, expressed serious concerns over ... Both the measures were endorsed with at least ... Others were worried over a potential halt in...
Alistair Darling on Tuesday warned that the Treasury ... Darling also said that banks would have “no ... The government is likely to be saddled with ... He said any lender seeking state support would...
The UK Government, which is underwriting HBOS's £8.4bn ... HBOS will pay a total of £155m in ... This is less than half the £262m paid ... The Treasury’s fee is lower than that paid ... The fee paid by Barclays to the Middle ... Barclays has come under fire from existing shareholders...
Pension Corporation, the pensions buyout company, has tapped ... The pensions buyout company and the US bank ... Other existing investors in Pension Corporation, including JC ... Pension Corporation said it is looking to raise ... Edmund Truell, chief executive of Pension Corporation, said:...
New Star Asset Management on Friday renegotiated its ... New Star said it had never violated its ... The move came as New Star’s assets under ... New Star’s move to change its banking covenants ... The revised covenants raise the company’s interest rate ... Sarah Spikes at Arden Partners, who had predicted...
HBOS on Friday said that the bank might ... The bank also cautioned that the terms of ... In a letter to shareholders, HBOS’ chairman Lord ... This could result in “the loss of independent ... HBOS further warned that a fresh deal could...
HBOS on Monday told the two banking veterans ... "We firmly believe that a stand-alone recapitalised HBOS, ... Meanwhile, several large HBOS shareholders have rejected the ... In a bluntly written letter to Sir Peter ... HBOS also warned that the UK government would ... It added that Sir Peter should succeed HBOS...
St James’s Place on Monday reported that its ... The firm’s funds under management dropped 9% in ... The wealth manager’s third-quarter sales were level at ... St James’s chairman, Mike Wilson, tried to downplay ... St James’s said its capital base was not...
Lloyds TSB is in discussions with sovereign wealth ... Lloyds and HBOS will need to raise £17bn ... Meanwhile, HBOS on Monday disclosed that writedowns against ... Lloyds Banking Group will be the umbrella name ... It is believed that Lloyds is courting up ... The bank is also understood to have approached...