Lloyds Banking Group announces plans to raise £4bn

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Lloyds Banking Group announces plans to raise £4bn

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05-19-2009, 02:39 AM

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Lloyds Banking Group announces plans to raise £4bn

Lloyds Banking Group is to embark on a £4 billion fundraising exercise which follows the news that chairman Sir Victor Blank is to step down in June 2010.The £4 billion fundraising comes amid high profile changes at the bank and sees chief executive Eric Daniels’ position ‘in doubt‘.Both directors have faced criticism from shareholders following [...]

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