Lloyds Banking Group Top Stories

• Lloyds' Horta-Osório to step down as advisory veteran comes in

  

  Lloyds Banking Group has appointed Centerview’s Robin Budenberg as its next chair, while chief executive António Horta-Osório is set to leave the firm next year.

  • 06 Jul 2020

• Lloyds, RBS waive fee for CLBILS lending

  

  Lloyds Bank and Royal Bank of Scotland have decided not to charge clients an arranging fee when lending via the UK’s Coronavirus Large Business Interruption Loan Scheme (CLBILS), while HSBC will not charge any early repayment fees.

  • 30 Apr 2020

• UK government mulls CLO scheme to support crisis loans

  

  The UK government has been consulting on ways to use CLO and other securitization structures to direct funding to large companies that fell between the cracks of its existing emergency supports for SMEs and the Bank of England’s investment grade commercial paper scheme.

  • 20 Apr 2020

• Riverside brings Sonia loans to UK housing as Libor transition looms

  

  Riverside Group has signed what it claims to be the first loan in the UK's social housing sector priced over the Sterling Overnight Index Average (Sonia), as signs of innovation continue in the loan market despite the crushing effect of the coronavirus pandemic.

  • 06 Apr 2020

• New Zealand bans dividends and T1 redemptions

  

  The Reserve Bank of New Zealand will prevent its financial institutions from redeeming subordinated bonds during the coronavirus pandemic, putting itself in contrast with other parts of the world, where banks remain free to manage their debt capital as they see fit.

  • 02 Apr 2020