RBS will leave Scotland if voters back independence

RBS will leave Scotland if voters back independence Statement follows Lloyds saying it would move head office to London to shore up credit rating if Scots back independence.
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Lloyds Banking Group share price target set at 72p by in-house broker

UBS analyst’s forecast 12p price rise would open up part-taxpayer-owned bank to sell-off of state stake Shares in Lloyds Banking Group could get close to the level the taxpayer paid for its 39% stake in the bailed-out bank, the company’s house broker forecast on Monday – setting a price target for the shares of 72p. […]
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Union anger as Lloyds announces compulsory redundancies at Southend

Bank says latest job cuts are part of previously announced plan to axe 15,000 roles by end of next yearUnions accuse Lloyds Banking Group of taking a tougher stance on job cuts by imposing compulsory redundancies on 689 staff in a major banking centre in Southend, Essex.The bailed-out bank insisted the latest job cuts – […]
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FTSE 100 edges higher after five days of decline, with ENRC leading the way after bid approach

Volatile week sees leading index lose 1.5% on worries about global growth and pressure on commodity pricesA possible bid for controversial Kazakh miner Eurasian Natural Resources Corporation ended a downbeat week for commodity companies on a more positive note.ENRC jumped nearly 27% after news that its three major oligarch shareholders, Alexander Machkevitch, Alijan Ibragimov and […]
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‘White elephant’ funding for lending scheme fails to boost loans

Data shows the six banks and building societies that used FLS funds sucked a net £1bn out of economyThe six banks and building societies that used a flagship scheme designed to boost lending sucked £1bn out of the economy in the three months to September – including the two bailed-out banks, Royal Bank of Scotland […]
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