Lloyds TSB adds Â£110m to reserves for policies
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The new reserves come on top of Â£300 million earmarked last year to pay compensation for failing endowment policies and mis-sold precipice bonds.
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Lloyds TSB wins a second county court case against a customer trying to reclaim overdraft charges.
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Surge follows details of government's plan to convert Â£24bn of loans into bonds
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NEW YORK Marsh &amp; McLennan, the insurance brokerage company being sued by the New York State attorney general for taking payments from insurers, has said that it plans to put about $230 million of the fees into an account that may become part of a
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.
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International Business Machines Corp. said Monday it will provide voice and data services to British financial-services company Lloyds TSB Group PLC for seven years in a deal worth $971.6 million.
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Lloyds TSB reports an 11% rise in pre-tax profits to Â£4.25bn for 2006, but predicts a "challenging" 2007.
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The UK financial services sector saves close to Â£1.5bn a year by moving services offshore, a report suggests.
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Chancellor of the Exchequer Alistair Darling said on Monday his government would guarantee the savings of customers of troubled bank Northern Rock.
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Lloyds TSB becomes the first High Street to offer the UK's Muslims a current account compatible with Islamic law.
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Bulgaria's National Bank (BNB) said Thursday it was doubling mandatory minimal reserves commercial banks must hold in it, effective Dec.
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Thousands of staff at Tesco will share a Â£175m ($344m) payout from the company's save as you earn scheme.
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The Anglo-Dutch oil giant Shell today sought to draw a line under its reserves scandal by announcing plans to spend $15bn (Â£8.4bn) a year to replenish reserves and develop production in its oil and gas business.
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Insurers says they are already looking at Â£1bn worth of claims arising from this week's floods.
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Lloyds TSB Group Plc, the UK&#39;s No. 5 bank by assets, plans to move at least another 1,000 employees from Britain to Asia, where labor costs are lower.
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IBM has signed a $969-million deal to provide DSL-based Internet telephony and data services to Lloyds TSB, one of the largest banks in the UK.
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Fewer catastrophe claims and a rise in premiums helps insurance market Lloyd's of London unveil a rise in profits.