Tag: Lloyds Action Now

Lloyds investor group lodges claim for compensation

Lloyds investor group lodges claim for compensation

Shareholder group, Lloyds Action Now, is claiming former business secretary, Lord Peter Mandelson, withheld evidence in the build up to the merger of HBOS and Lloyds TSB. The group, which was established in 2009, claim their savings were wiped out following the controversial merger, which took place at the height of the financial crisis. The [...]

March 28, 2011 | 0 Comments More
Eric Daniels calls for Lloyds to keep HBOS

Eric Daniels calls for Lloyds to keep HBOS

Outgoing chief executive of Lloyds Banking Group, Eric Daniels, is calling on the Government to allow the bank to keep HBOS. The controversial takeover, which occurred at the height of the financial crisis, could be scrapped if a Government investigation establishes it has damaged competition. Final recommendations with regard to the takeover will be known [...]

November 25, 2010 | 0 Comments More
Lloyds provides upbeat statement

Lloyds provides upbeat statement

Lloyds Banking Group, which is 41% owned by the taxpayer, has today provided an upbeat statement as it continues its recovery from the global financial crisis. The bank, which had to be bailed out in autumn 2008, said it remains on track to deliver a “good financial performance” for 2010 as it continues with its [...]

November 2, 2010 | 0 Comments More
Lloyds shareholders in protest meeting over HBOS takeover

Lloyds shareholders in protest meeting over HBOS takeover

The group, Lloyds Action Now, has been holding protest meetings after the group claims their savings were wiped out following the Lloyds Banking Group’s merger with HBOS. Lloyds TSB’s controversial takeover of HBOS took place at the height of the financial crisis and the group was renamed Lloyds Banking Group. The shareholder group, which was [...]

October 24, 2010 | 0 Comments More
Lloyds shareholders could sue over HBOS takeover

Lloyds shareholders could sue over HBOS takeover

The Treasury and Lloyds senior executives could be sued over the controversial takeover of HBOS, which took place at the height of the financial crisis. An investor group called Lloyds Action Now, which was established a year ago, claimed investors were lured into voting for the takeover, while not being provided with all the relevant [...]

June 7, 2010 | 0 Comments More
Lloyds set to come under fire at AGM

Lloyds set to come under fire at AGM

Shareholders in Lloyds Banking Group are set to grill the bank at today’s annual general meeting. Directors of the bank have faced criticism from shareholders following the hasty takeover of HBOS last autumn, which left the group 43% state-owned. The bank is expected to plunge into a loss this year, following the takeover of HBOS, [...]

June 5, 2009 | 0 Comments More