Government cash aid is heavily in favour of banks

May 2009
Money Marketing;5/28/2009, p11
The article reports on the statement given by Nationwide Building Society that they would have to pay 65% more than Lloyds Banking Group PLC to access Great Britain's credit guarantee scheme. Nationwide chairman and Business Societies Association (BSA) chairman Graham Beale encouraged authorities to make a level playing field for banks and building societies. Beale stated that Government schemes to aid financial institutions were immensely expensive for building societies.


Related Articles

  • Banks and building societies to stick with charging models despite FCA concerns. Holt, Natalie // Money Marketing (Online Edition);8/1/2013, p7 

    The article reports on the decisions of banks and building societies in Great Britain not to review their adviser charging models despite concerns from the Financial Conduct Authority (FCA) for payments purely based on product sales. It notes that the FCA was concerned about the contingent...

  • Banks feel the heat as Lloyds sets aside £.2bn for PPI compensation. Norman, Tessa // Mortgage Strategy;5/9/2011, p5 

    The article reports that banking industry in Great Britain has set aside billions of pounds to compensate customers who have been mis-sold payment protection insurance (PPI) after Lloyds Banking Group PLC made a 3.2 billion pound provision for such claims.

  • Govt to sell 7.5% Lloyds stake for £4.2bn. Macdonald, Sam // Fundweb;3/25/2014, p1 

    The article reports on the plan of the British government to sell a 7.5 percent stake in financial institution Lloyds Banking Group to institutional investors for £4.2 billion.

  • Mutuals demand parity with banks. Doctrow, Stephanie // Money Marketing;5/27/2010, p8 

    The article reports on the response of the Building Societies Association on the government's pledge to promote mutuality with banks in Great Britain.

  • Company Profiles.  // United Kingdom Commercial Banking Report;Q2 2010, p39 

    The article profiles several banks in Great Britain including Royal Bank of Scotland (RBS), Barclays PLC, and Lloyds Banking Group PLC. It notes that Lloyds obtained loss worth 10 billion pound resulting to unemployment of 5,000 employees in January 2009. It cites that Barclay sold its Barclays...

  • Lloyds knew of Co-op's capital black hole. Holt, Natalie // Money Marketing (Online Edition);6/18/2013, p14 

    The article reports that the banks are ambiguous about selling its branches to Co-Op Bank after it shows a capital shortfall in Great Britain. It mentions that Lloyds Banking Group PLC is in doubt to sell the branches. It mentions that Lloyds spent 1 billion pounds for integrating its systems....

  • A Big Three with Muscle.  // Time;2/16/1968, Vol. 91 Issue 7, p94 

    The article reports on the decision of Barclays Bank PLC to merge with other large banks to maintain its position as number one bank in Great Britain. It mentions that the bank's prospective partners are Lloyds Bank PLC and Martins Bank, which would reach a total deposit of 11.66 billion U.S....

  • Lloyds accused of cutting PPI payouts following BBC investigation. Selby, Tom // Money Marketing (Online Edition);3/25/2014, p7 

    The article reports on the accusation against Lloyds Banking Group of cutting the compensation it pays to payment protection insurance (PPI) claimants in Great Britain. The BBC channel claims that Lloyds has been using a regulatory provision called alternative redress to trim down the amount of...

  • Banks seek PRA concessions on ringfencing rules. Macdonald, Sam // Fundweb;8/15/2014, p9 

    The article reports that the Great Britain largest banks are focusing on John Vickers-proposed regime that calls separation of the retail management and investment banking firm. This sseparationhas a great impact on Lloyds Banking Group and bank Santander UK PLC as they may face huge cost on...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics