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People Moves: Lloyds Banking Group, American Apparel

Lloyds Banking Group LYG updated its leadership situation today. The firm said that, in case CEO Antonio Horta-Osorio is not able to return ... tags: APPBusinessLarge_Cap_StocksLYGPersonal_FinanceSTD

UK Earnings: Vodafone, Lloyds

Two major UK-based companies also listed in the US reported earnings today. Vodafone VOD reported first-half earnings today, and raised its ... tags: BusinessLarge_Cap_StocksLYGPersonal_FinanceVODVZ

Lloyds Banking Group CEO Takes Leave

Lloyds Banking Group LYG said today that chief executive officer Antonio Horta-Osorio is taking a temporary leave of absence due to ... tags: BusinessLarge_Cap_StocksLYGPersonal_FinanceSTD

EU Debt Progress Boosts Financials

The markets are breathing easier today following news of progress on the European Union's management of Greece's debt crisis. EU officials ... tags: BACBCSBusinessDBGSLarge_Cap_StocksLYG

Swiss Banks Likely to Settle U.S. Probe

Swiss banks are reportedly poised to settle a US offshore tax evasion investigation. Bloomberg reports that US and Swiss officials are ... tags: BCSBusinessCSHBCLarge_Cap_StocksLYGPersonal_Finance

Bank Ratings Downgraded, Put on Watch By Fitch

Fitch Ratings said late yesterday it was downgrading the long-term issuer ratings of UBS UBS, Lloyds Banking Group LYG and Royal Bank of ... tags: BACBCSBusinessCSDBGSLarge_Cap_Stocks

Lloyds to Take Loss on Debt Portfolio; Sarkozy, Merkel Meet on Euro Worries

Lloyds Banking Group LYG is about to take a 35 loss on a billion-pound portfolio of commercial property debt, the Financial Times is ... tags: BBVABCSBusinessHBCDBLarge_Cap_StocksLYGPersonal_Finance

BOE Announces Additional Easing

The Bank of England sought to shore up the United Kingdom's economic recovery today with additional quantitative easing. The central bank's ... tags: BCSBusinessEWUFXBHBCLarge_Cap_StocksLYG

Banking Guidance from UBS, Deutsche Bank

UBS UBS said today it plans to post a modest net profit in the third quarter, despite huge losses from its high-profile rogue trading ... tags: BACBCSBusinessDBGSHBCLarge_Cap_Stocks

UBS Reportedly Plans Additional Job Cuts Following Trading Losses

Just a day after it announced a huge loss at the hands of a rogue trader, UBS UBS is reportedly poised to make major job cuts within its ... tags: BACBCSBusinessCSGSHBCLarge_Cap_Stocks