Archive for Lloyds

Oak Hill forced to pump extra £100m into Firth Rixson

Oak Hill Capital Partners the American privateequity house has been forced to inject £100m of fresh equity into Firth Rixson the Sheffieldbased engineering firm as part of a tough renegotiation agreement with its lending banks.

John Kingman quits UKFI for City riches

John Kingman chief executive of UK Financial Investments UKFI has decided to end his career in public service for a lucrative job in the City.

Sir Win Bischoff named as Lloyds chairman as Darling warns banks over lending

Lloyds new chairman Sir Win Bischoff throws his weight behind Eric Daniels the statebacked lender’s embattled chief executive.

Lloyds Banking Group names Sir Win Bischoff as new chairman

The troubled bank hires former Citigroup chairman Sir Win Bischoff to succeed Sir Victor Blank.

Lloyds ponders sale of joint ventures division

Lloyds Banking Group is exploring a sale of assets out of the division that coinvested with some of Britain’s bestknown property entrepreneurs during the credit boom.

Brussels gives UK five years to fix RBS and Lloyds

Royal Bank of Scotland and Lloyds Banking Group have just five years to wean themselves off state aid or be “wound down” by Brussels.

Steely Neelie Kroes could incite British mutiny

It won’t take much reading between the lines to work out what the EU competition commissioner’s rules for banks that receive state aid mean when she outlines them on Thursday writes Philip Aldrick.

Lib Dems oppose ‘nondom’ Ron Sandler as chairman of Lloyds

Ron Sandler should not be eligible for the job of chairman of Lloyds Banking Group because he is nondomiciled for tax purposes the Liberal Democrats have declared.

Northern Rock boss Ron Sandler leads the race for Lloyds chair

Lloyds Banking Group has narrowed the search for a successor to chairman Sir Victor Blank with Ron Sandler head of stateowned Northern Rock emerging as the new favourite and frontrunner.

Northern Rock’s Sandler in frame for top Lloyds post

Ron Sandler chairman of Northern Rock has emerged as a surprise candidate to replace Sir Victor Blank at the helm of Lloyds Banking Group.

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