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Lloyds FX chief leaves bank: market sources

LONDON (Reuters) - Lloyds Bank's <LLOY.L> head of foreign exchange spot trading has left the bank, citing personal reasons unrelated to the investigation into manipulation of the global currency market, sources with direct knowledge of the matter said on Tuesday. Darren Coote had been with Lloyds in London since December 2011, having previously worked for more than a decade for Swiss bank UBS <UBSN.VX>, one of the foreign exchange market's biggest players.

UK's Osborne pressed for more detail over failed Lloyds branch sale

LONDON (Reuters) - British finance minister George Osborne was on Thursday pressed for more details about the government's involvement in a collapsed deal to sell hundreds of Lloyds Banking Group <LLOY.L> branches to the Co-operative Bank <42TE.L>. Lawmakers conducting an inquiry into the planned sale, which fell through in April last year, are trying to establish whether undue political pressure was applied to Lloyds or regulators to sell 631 high-street branches to the Co-op.

Lloyds to seek bonus awards for top 400 staff: Sky News

(Reuters) - Lloyds Banking Group <LLOY.L> will seek approval to boost the pay of up to 400 of its most senior staff, Sky News reported late Thursday. The news service said that the taxpayer-backed lender will say ahead of its annual general meeting that it wants flexibility in paying employees up to 200 percent of their salaries in bonus awards. (http://link.reuters.com/jab38v)

Did Osborne apply pressure in Lloyds branches sale, UK lawmakers ask

By Huw Jones LONDON (Reuters) - Britain's parliamentary treasury committee has asked finance minister George Osborne whether he or colleagues put undue pressure on Co-operative Group <42TE.L> or Lloyds <LLOY.L> Banking Group over the sale of more than 600 Lloyds branches.

Britain sells more shares in rescued Lloyds Banking Group

Britain's bailed-out Lloyds bank moved closer back into the private sector on Wednesday after the government sold more shares for £4.2 billion, clawing back taxpayers' cash in order to slash state debt. The latest sale reduces the state's holding from 32.7 percent to 24.9 percent. Prime Minister David Cameron's Conservative-Liberal Democrat coalition has sold an extra 7.8-percent Lloyds stake to institutional investors for the equivalent of $6.9 billion or 5.0 billion euros, it said in a statement.

Britain sells more shares in rescued Lloyds Banking Group

Britain's bailed-out Lloyds bank moved closer back into the private sector on Wednesday after the government sold more shares for £4.2 billion, clawing back taxpayers' cash in order to slash state debt. The latest sale reduces the state's holding from 32.7 percent to 24.9 percent. Prime Minister David Cameron's Conservative-Liberal Democrat coalition has sold an extra 7.8-percent Lloyds stake to institutional investors for the equivalent of $6.9 billion or 5.0 billion euros, it said in a statement.

Disgraced British ex-bank chief admits he "sinned"

A disgraced British bank chief who quit amid drug allegations has admitted that he had "sinned", in his first interview since the scandal broke. Paul Flowers, ex-chairman of the crisis-hit Co-operative Bank who is currently on bail in connection with a "drug supply" probe, told the BBC late on Tuesday that the last few months had been "hellish". "I am in company with every other human being for having my frailties and some fragility exposed," he told the Newsnight television programme.

Disgraced British ex-bank chief admits he 'sinned'

A disgraced British bank chief who quit amid drug allegations has admitted that he had "sinned", in his first interview since the scandal broke. Paul Flowers, ex-chairman of the crisis-hit Co-operative Bank who is currently on bail in connection with a "drug supply" probe, told the BBC late on Tuesday that the last few months had been "hellish". "I am in company with every other human being for having my frailties and some fragility exposed," he told the Newsnight television programme.

Britain sells 7.8% of Lloyds bank for £4.2 bn

Britain has sold an extra 7.8-percent stake in bailed-out Lloyds Banking Group for £4.2 billion ($6.9 billion, 5.0 billion euros), it said Wednesday. The latest sale, pitched at 75.5 pence per share to institutional investors, takes the state's overall holding from 32.7 percent to 24.9 percent, the Treasury said in a statement. Prime Minister David Cameron's Conservative-Liberal Democrat coalition government had already sold a 6.0-percent tranche in September for £3.2 billion, at 75 pence per share, as it seeks to return LBG to the private sector.

Britain sells 7.8% of Lloyds bank for £4.2 bn

Britain has sold an extra 7.8-percent stake in state-rescued Lloyds Banking Group for £4.2 billion ($6.9 billion, 5.0 billion euros), it said Wednesday. The latest sale takes the government's total holding in the bailed-out bank from 32.7 percent to 24.9 percent, the Treasury added in a statement. rfj/lc
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