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Iain Withers

British lender Nationwide cuts saver benefits after profit slump

29 May 2020

LONDON Britain's Nationwide Building Society will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic.

UPDATE 2-British lender Nationwide cuts saver benefits after profit slump

29 May 2020

LONDON, May 29 Britain's Nationwide Building Society will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic.

Lloyds won't redeem 750m euro CoCo bond amid COVID-19 crisis

22 May 2020

LONDON Lloyds Banking Group told investors on Friday it would not redeem a 750 million euro "CoCo" bond, a move that would have reduced its capital base just as banks face a spike in bad loans during the COVID-19 crisis.

UPDATE 1-Lloyds won't redeem 750m euro CoCo bond amid COVID-19 crisis

22 May 2020

LONDON, May 22 Lloyds Banking Group told investors on Friday it would not redeem a 750 million euro ($817.58 million) "CoCo" bond, a move that would have reduced its capital base just as banks face a spike in bad loans during the COVID-19 crisis.

Lloyds investors rebel against bonus plan for top bosses

21 May 2020

LONDON Lloyds Banking Group investors rebelled against the lender's pay policy for top bosses on Thursday, with more than a third of balloted shareholders rejecting its bonus plan.

UPDATE 1-Lloyds investors rebel against bonus plan for top bosses

21 May 2020

LONDON, May 21 Lloyds Banking Group investors rebelled against the lender's pay policy for top bosses on Thursday, with more than a third of balloted shareholders rejecting its bonus plan.

Britons spurned by banks caught in a coronavirus credit crunch

21 May 2020

LONDON When a payroll glitch left Natalie Gallagher so short of cash this month she couldn't afford her bus fare to work, she turned to her usual lender Amigo for an emergency top-up loan.

British backing gives some RBS investors comfort in crisis

19 May 2020

LONDON Best known as Britain's biggest financial crisis failure, some investors and analysts view majority state-owned Royal Bank of Scotland as the lender likely to emerge strongest from the coronavirus downturn.

Barclays bosses defend climate ambitions as HQ sprayed with 'oil'

07 May 2020

LONDON The Chairman of Barclays said the British bank "can and should play a leading role" in tackling climate change, hours after environmental activists sprayed imitation oil on its headquarters to call on the lender to divest from fossil fuels.

StanChart highlights climate goals amid criticism over carbon financing

06 May 2020

LONDON Standard Chartered defended its environmental credentials after renewed criticism from climate campaigners for its funding of fossil fuel companies as the bank held its annual shareholder meeting on Wednesday.

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