- Yahoo Finance
Lloyds Bank plc and Bank of Scotland plc (members of Lloyds Banking Group), are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at: www.fca.org.uk
The Bank of England requested UK banks not to pay dividends due to Covid-19. Accordingly, on 1 April 2020 the Group announced that it would suspend dividend payments. Furthermore, the Board decided that until the end of 2020, the Group would undertake no quarterly or interim dividend payments, accrual of dividends, or share buybacks.
Lloyds Banking Group PLC is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers.
The Tender Offer is the method by which Lloyds Banking Group plc (“the Offeror”) is inviting current holders of 6.475% Non-Cumulative Preference shares, 9.25% Non-Cumulative Irredeemable Preference Shares and 9.75% Non-Cumulative Irredeemable Preference Shares to tender any and all of their holdings at the relevant Purchase Price.
Share prices moved a little on the news, HSBC Holdings PLC (LSE:HSBA) is the biggest faller, down 1.3%, followed by Standard Chartered, Barclays, Lloyds and Natwest, all down less than 1%.
Ed was formerly deputy director of corporate affairs at Lloyds Banking Group. Prior to that he held corporate affairs roles at McDonald’s Europe, McKinsey & Company and the Blue Rubicon communications consultancy, having previously worked as a news producer and editor at the BBC.
Date appointed: March 2019 and became Chairman in May 2019 Committee memberships: Chair of the Nomination Committee.. Skills, experience and contribution Richard brings to the Board deep operational and financial expertise combined with a strong commercial and strategic development track record.