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Lloyds Bank

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NEWS
July 13, 1986 | From Reuters
Lloyds Bank's $1.95-billion bid to acquire the international banking group Standard Chartered failed Saturday following last-minute intervention by Asian and Australian businessmen. Lloyds said in a statement that its takeover offer, which expired Saturday, had been accepted by only 44.4% of Standard's shareholders, well short of the necessary majority.
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BUSINESS
September 11, 2011 | By Andrew Leckey
Question: The situation at Lloyds Banking Group seems dismal. Is there hope for the future? Answer: This is the case of a fire-sale bargain gone bad. This London financial services company, 41% owned by the British government, boasted nearly one-third of the mortgage market in Britain after its 2008 purchase of beleaguered rival HBOS. But the seemingly low price paid at the height of the financial debacle has proved costly because of significant losses attributed to prior practices of the acquired company.
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BUSINESS
October 3, 1995 | Times Staff and Wire Reports
Deal for London's Canary Wharf: Banks owning the prestigious office complex are selling it to a consortium of North American and Middle Eastern investors including Canadian property mogul Paul Reichmann, Lloyds Bank said. Lloyds Bank is the coordinator of a group of 11 banks that took over the development in 1992. The buying consortium, called the International Property Corp., also includes Laurence Tisch, chairman of the CBS television network; Michael Price, a U.S.
ENTERTAINMENT
March 7, 2008 | Kevin Crust, Times Staff Writer
Leave it to a trio of crafty veterans to pull a fast one with "The Bank Job," a lively heist drama set in early 1970s London and inspired by an incredibly strange true story. Longtime screenwriters Dick Clement and Ian La Frenais, whose eclectic resume includes "Across the Universe," "Flushed Away" and decades of U.K. television, have woven a masterful narrative full of odd twists and dark humor from which Australian director Roger Donaldson and a prime cast mine plum characters and a tight plot to satisfying effect.
BUSINESS
October 10, 1995 | Times Staff and Wire Reports
Lloyds Bank, TSB Group in Merger Talks: The combined entity would create Britain's largest provider of banking and insurance services, with a market value of more than $22 billion, the banks said. But analysts said Lloyds' valuation of TSB at $4.87 per share, or $7.8 billion, may be a little low and that that could open the door to a rival bid. Although the banks were presenting the proposal as a merger, Lloyds would be by far the dominant partner if the deal went through.
REAL ESTATE
January 4, 1987
G.A. (Chip) Julin III, a partner in Morlin Management Corp., has been elected president of the Building Owners and Managers Assn. of Greater Los Angeles. Also elected were Richard P. Welles, BMS Warner Property Management Co., first vice president; Dale Marlene Clark, Lloyds Bank, second vice president, and Craig Hobson, Prudential Realty Group, treasurer.
BUSINESS
June 9, 1994 | From Times Staff and Wire Reports
Court Bars Bank Takeover of Thrift: The British High Court blocked Lloyds Bank's proposed $2.66-billion takeover of Cheltenham & Gloucester Building Society, thus stopping what would have been the first merger of a British bank and thrift. The court ruled that Lloyds' plan to give cash payments to people holding accounts with Cheltenham & Gloucester for less than two years violated the Building Societies Act of 1986, which governs the thrift industry.
BUSINESS
April 29, 1992 | WILLIAM TUOHY, TIMES STAFF WRITER
Lloyds Bank announced Tuesday a proposed $6.56-billion hostile takeover of Midland Bank--an action that could spark the largest shake-up in Britain's banking history. Lloyds, Britain's third-largest bank in terms of assets, confirmed speculation that it will attempt to absorb Midland, the nation's fourth biggest. The offer comes in the face of a previous friendly bid for Midland by the Hongkong & Shanghai Banking Corp., which bid $5.85 billion.
NEWS
June 17, 1986 | JOHN KENDALL, Times Staff Writer
Millions of dollars in assets, including a $4-million Beverly Hills home once listed as belonging to actor George Hamilton, were frozen in Los Angeles federal court Monday in a lawsuit filed by the Republic of the Philippines against former Filipino President Ferdinand Marcos. U.S. District Judge Mariana Pfaelzer issued a temporary restraining order to "maintain the status quo" of approximately $11.
NEWS
August 5, 2004 | Steve Appleford, Special to The Times
Lloyd Banks had seen some bad things in his New York neighborhood of Jamaica, Queens. Shootings, arrests, drugs, death, despair. And he knew that things could always get worse, without warning or reason. He remembers the night of Sept. 10, 2001, as ending particularly badly. He was already rapping by then, had been for years, inspired and encouraged by the success of his childhood friend 50 Cent, soon to be a global, multi-platinum hip-hop star.
NEWS
July 8, 2004 | Robert Hilburn, Times Staff Writer
Lloyd Banks, a cohort of 50 Cent in the group G Unit, leads a hip-hop assault on the national pop charts this week with his album "The Hunger for More." The rapper's CD entered the charts at No. 1 after selling 434,000 copies in its first week in stores. "I came on the scene with the golden stamp on me," Banks has said of 50 Cent's endorsement. "I jumped over all those hurdles that new artists usually have to deal with."
BUSINESS
October 10, 1995 | Times Staff and Wire Reports
Lloyds Bank, TSB Group in Merger Talks: The combined entity would create Britain's largest provider of banking and insurance services, with a market value of more than $22 billion, the banks said. But analysts said Lloyds' valuation of TSB at $4.87 per share, or $7.8 billion, may be a little low and that that could open the door to a rival bid. Although the banks were presenting the proposal as a merger, Lloyds would be by far the dominant partner if the deal went through.
BUSINESS
October 3, 1995 | Times Staff and Wire Reports
Deal for London's Canary Wharf: Banks owning the prestigious office complex are selling it to a consortium of North American and Middle Eastern investors including Canadian property mogul Paul Reichmann, Lloyds Bank said. Lloyds Bank is the coordinator of a group of 11 banks that took over the development in 1992. The buying consortium, called the International Property Corp., also includes Laurence Tisch, chairman of the CBS television network; Michael Price, a U.S.
BUSINESS
June 9, 1994 | From Times Staff and Wire Reports
Court Bars Bank Takeover of Thrift: The British High Court blocked Lloyds Bank's proposed $2.66-billion takeover of Cheltenham & Gloucester Building Society, thus stopping what would have been the first merger of a British bank and thrift. The court ruled that Lloyds' plan to give cash payments to people holding accounts with Cheltenham & Gloucester for less than two years violated the Building Societies Act of 1986, which governs the thrift industry.
BUSINESS
April 29, 1992 | WILLIAM TUOHY, TIMES STAFF WRITER
Lloyds Bank announced Tuesday a proposed $6.56-billion hostile takeover of Midland Bank--an action that could spark the largest shake-up in Britain's banking history. Lloyds, Britain's third-largest bank in terms of assets, confirmed speculation that it will attempt to absorb Midland, the nation's fourth biggest. The offer comes in the face of a previous friendly bid for Midland by the Hongkong & Shanghai Banking Corp., which bid $5.85 billion.
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