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Sants' HBOS evidence to be given in secret - Citywire

LLOY

However it has emerged that evidence given by Sants (pictured), who led the regulator through the crisis, will not be made available to the public. He did not grant the publication's challenge to the decision to hear Sants in private. Dear Diary: a week in the life of an IFA. Took a client meeting on Monday, driving a bus on Tuesday and on Wednesday and Thursday and Friday, chilled on Sunday.

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citywire.co.uk
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Lloyds Bank launches £500m asset finance fund

LLOY

Lloyds Bank Commercial Banking has launched a £500m growth fund to help businesses improve productivity and invest in new technology and equipment. Companies will be able to use asset finance to get quick access to the funds they need to buy expensive business critical equipment without damaging their working capital. Contact Us. Contact us on:.

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Lloyds Bank launches £500m business growth fund - BQLive

LLOY

Asset finance works by allowing firms to buy assets such as machinery or technology and spread the cost over their lifetime. By eliminating the need for large payments up front and instead making smaller payments over a longer period of time, the funding helps free up working capital. Contact us on:. Contact us using the details below.

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Britain's Lloyds launches 500 million pound fund for small companies

LLOY

The Lloyds fund will be open to businesses of all sizes, but the bank said it would be of particular benefit to SMEs and mid-market companies in sectors with high and regular requirements for expensive assets, such as manufacturing and agriculture. The bank said the fund will deliver quick access to finance by allowing companies to spread the cost of assets over their lifetime, enabling big investments that don't eat into working capital. A government drive to increase small businesses' access to credit has seen improvements, but many still report difficulties. According to BoE data published in September, Lloyds had drawn 23 billion pounds under the extension followed by Santander, with 3.18 billion pounds.

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Britain's Lloyds launches 500 mln stg fund for small companies

LLOY

The bank said the fund will deliver quick access to finance by allowing companies to spread the cost of assets over their lifetime, enabling big investments that don't eat into working capital. These businesses have struggled to invest in the decade since the financial crisis as banks have shied away from lending to smaller businesses. Out of more than 40 participating banks and building societies, it has drawn by far the most under an extended Bank of England scheme to encourage more lending, with the extension from 2014 until January 2018 focused on boosting lending to SMEs. A government drive to increase small businesses' access to credit has seen improvements, but many still report difficulties.

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Former FSA boss will give HBOS evidence in secret

LLOY

A city regulator will give crucial evidence about Lloyds’ disastrous HBOS takeover in secret – meaning details of the deal could remain hidden. Former Financial Services Authority boss Sir Hector Sants is due to appear in a High Court case over Lloyds’ £12bn acquisition of failing HBOS in 2008 as the financial crisis raged. In reality, he said, HBOS was toxic enough to bring Lloyds down. They reveal conversations between the Treasury, FSA and Bank of England as the markets teetered on the brink of collapse and HBOS struggled to stay afloat.

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thisismoney.co.uk
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Sir Hector Sants to give secret evidence in Lloyds-HBOS court case

LLOY

Sants will give evidence in December (Source: Getty). Sir Hector Sants to give secret evidence in Lloyds-HBOS court case. Read more: City watchdog Bailey put "significant pressure" on Lloyds to give HBOS loan. HBOS collapsed in 2008, and was rescued by Lloyds with the backing of the government.

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cityam.com
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Former City regulator chief to give evidence in private in Lloyds case

LLOY

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theguardian.com
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Former watchdog Hector Sants gives secret evidence in HBOS High Court case

LLOY

Sir Hector Sants, former head of the financial regulator, will give evidence behind closed doors in a £600 million High Court lawsuit brought by shareholders against Lloyds over its acquisition of HBOS in 2008. It can be revealed that Sir Hector, 61, applied to the court this summer to appear in private and that the judge at the time agreed. Former watchdog Hector Sants gives secret evidence in HBOS High Court case | Business. Following a legal challenge by The Times, The Financial Times, The Guardian, the Daily Mail and Bloomberg, the new judge hearing the case today said that a “confidential annex” attached to a court order…. The arrangement will mean that the views of one of the most senior officials central to events at the height of the financial crisis will not be accessible to the public.

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thetimes.co.uk
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GBP struggles for clear direction – Lloyds Bank

LLOY

Having reached a new year-to-date high against the US dollar, around 1.3650, the pound has retreated to the mid-point of its recent range, around 1.32, notes the research team at Lloyds Bank. In light of this and recent strong US data outturns, we expect Yellen and co. “In spite of these headwinds, GBP/USD has found some support from the evolving interest rate environment in the UK. We anticipate the Bank raising the UK base rate for the first time in over a decade at its November meeting.

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fxstreet.com
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Lloyds International Payments Outlook: GBP/EUR Exchange Rate To Fall To 1.09 By End-2018

EURGBP LLOY

The British pound rose almost 1% on Friday to close the week a little down (pound to euro exchange rate today: 1.12194 23/10/2017) after Brexit talks were described as “encouraging” by Angela Merkel and Donald Tusk indicated that some progress has been made. The GBP/EUR exchange rate was hampered briefly after weaker than expected Retail Sales last week, once again highlighted the problems facing the U.K. consumer. While they are not overly expectant of any hawkish fireworks from the ECB, a flagging Pound is expected to keep the pair heavy and moving beneath 1.10 by the end of next year. Many traders are sceptical as to the size of the threat to the Euro from events in Spain and unless the risks look systemic or the economic impact large enough the common currency will probably stay focused on rates and the ECB.

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exchangerates.org.uk
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Durham has the UK's cheapest market towns for property

LLOY

The city of Durham is famous for its castle and university - but the wider county is home to picturesque market towns with some of the cheapest house prices in the UK. Market towns with the cheapest property revealed: North East of England is the place to go for historic markets and low house prices. Here are England's 10 most expensive market towns, according to Lloyds Bank, with the average house price:. Property values in market towns across England are on average 12 per cent higher than their county average.

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thisismoney.co.uk
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‘We lost £120,000 in an email scam but the banks won’t help get it back’

LLOY

Three days later, Peter went to the Braintree branch of Lloyds bank where he instructed staff to make a Chaps electronic payment for £120,000 to Steed & Steed, handing over the account details he had been sent in the email and his debit card. The email from Steed & Steed had been hacked and what Peter had been sent was the fraudster’s account details, to which he had sent the £120,000. Through his contacts he was able to establish that the account the money had been sent to was a NatWest business account in the name of Graceak Ltd. {{#isVideo}} {{/isVideo}} {{#isGallery}} {{/isGallery}} {{#isAudio}} {{/isAudio}} {{#isComment}} {{/isComment}} {{headline}} {{#isComment}} {{/isComment}} {{#showWebPublicationDate}} Published: {{webPublicationDate}} {{/showWebPublicationDate}} {{headline}} {{/headline}} {{/content}} {{/showContent}} {{#showContent}}. In each case the fraudsters exploited a little-known but significant flaw in the banking system – the name on a bank account does not have to match an online or Chaps payment request.

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theguardian.com
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Buyers in England face a £30,000 premium to live in a market town home, report finds

LLOY

The average house price in one of England’s market towns is £280,690 – 7.9 times average earnings. Property values in market towns across England are on average 12% higher than their county average. Lloyds said South East England dominates the top 10 most expensive market towns with Beaconsfield being the most expensive, with an average house price of £1,049,659 – the only market town on the list to break above the £1 million mark. Nestled by the Chiltern Hills, Beaconsfield, with its close commuting links to London, also carries the largest house price premium, with homes costing 161% (or £647,623) above the county average of £402,036. Henley on Thames (£831,452) and Alfresford in Hampshire (£541,529) are the next most expensive market towns.

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uk.finance.yahoo.com
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