Former Bank of England Governor Mervyn King denied saying Lloyds Banking Group Plc’s plan to sell branches to Co-Operative Bank Plc was “political,” contradicting Peter Levene, whose NBNK Investments Plc lost out in the bidding.
Lloyds Banking Group Plc’s plan to sell branches to Co-Operative Bank Plc was “political” and the process was conducted in “bad faith,” according to Peter Levene, whose NBNK Investments Plc lost out in the bidding.
Lloyd’s of London Chairman Peter Levene criticized regulators’ “unhealthy fascination” with examining the consequences of the credit crisis, saying excess scrutiny risks hindering London’s competitiveness with China.
Lloyd’s of London Chairman Peter Levene told Sky News claims arising from the natural disaster in Japan won’t be “anything like as significant” as those that followed the Atlantic hurricanes, including Katrina and Rita, in 2005.
The ten biggest investors in NBNK Investments Plc, founded by Lloyd’s of London Chairman Peter Levene, back a 2.5 billion pound ($3.9 billion) bid for 632 branches of Lloyds Banking Group Plc, the Sunday Times reported, without saying where it got the information.
London’s financiers paid tribute to former Prime Minister Margaret Thatcher, who died yesterday, as the woman who helped guide the city’s transformation from a provincial trading hub to the world’s top financial center.
National Australia Bank Ltd., the nation’s biggest lender to companies, rose the most in almost a month in Sydney trading on speculation that a potential sale of its U.K. branches will boost return on equity.