LONDON (Reuters) - The British state is to take a 43.4 percent stake in the combined Lloyds TSB-HBOS bank after shareholders largely shunned both......
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The financial industry meltdown has been the worst since the great depression. BNET Financial provides daily industry trends and news coverage with insights for managers and executives about the major financial services companies in the banking and finance sector. In addition to detailed company profiles, we bring you industry analysis on new mergers, partnerships, financial products, rates, investments, capital, and a host of other critical factors of success in the finance business.
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Taxpayer to own 43% of superbank
BBC -
316 days 8 hours 10 minutes ago
The Treasury is to own 43.4% of the merged Lloyds HBOS bank, after few shareholders bought new shares. Only 0.24% of the 7.5 billion shares HBOS...
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U.K. gov't picks up tab as investors snub $20 bln fund raising
MarketWatch - 316 days 9 hours 34 minutes ago
LONDON (MarketWatch) -- Shareholders in Lloyds TSB and HBOS snubbed the banks' 13 billion pound ($19.6 billion) capital raising plans Monday,...
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London Markets: FTSE 100 down to begin the week; banks are upside standouts
LONDON (MarketWatch) -- Soon-to-be-merged banking groups HBOS and Lloyds TSB moved higher on Monday, although losses from firms closely linked to...
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Europe Markets: Shares in Europe close lower for fifth time in a row
LONDON (MarketWatch) -- European shares ended lower for a fifth straight session Tuesday, led lower by banks as investors continue to fret about...
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EADS CEO says firm pulled out of U.S. defense deal
NEWPORT, Wales (MarketWatch) -- Aerospace and defense giant EADS pulled out of a major U.S. defense acquisition at the last minute at the end of...
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Special Report: Airlines and unions rise to Obama's call for change
NEW YORK (MarketWatch) -- When President-elect Barack Obama takes the oath on Tuesday, airlines and their labor groups hope it will mark a new era...
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Europe Markets: Europe stocks make broad advance after seven losses in a row
LONDON (MarketWatch) - European shares advanced broadly on Friday, with sharp gains from oil producers, mineral extractors and banks helping shares...
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Second round of U.K. bailouts reportedly on the way
LONDON (MarketWatch) -- The U.K. government will hammer out a fresh rescue package for banks over the weekend, potentially including a second round...
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Brown to announce bank bail-out
BBC - 310 days 2 hours 17 minutes ago
Prime Minister Gordon Brown has said he will announce a new banks rescue package on Monday aimed at encouraging them to restart lending. Speaking...
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Britain to announce new banking measures Monday
NEW YORK (MarketWatch) -- U.K. Prime Minister Gordon Brown said Sunday he will announce new measures at the beginning of the week meant to spur...
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Brown and Darling stake billions in massive bank rescue plan
Belfast - 309 days 6 hours 30 minutes ago
GORDON Brown and Alistair Darling today staked hundreds of billions of pounds of taxpayers’ money on a second bank bailout in a bid to free up...
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