UPDATE 1-Europe's banks warn of investment cuts, falling income as virus hits [Reuters (UK)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
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Source: Reuters
UPDATE 1-Europe's banks warn of investment cuts, falling income as virus hits - Reuters 3 Min Read * Lloyds cuts tech investment plans * Santander forecasts 5% profit hit if recovery is sharp * RBS says rate cuts to hit income (Recasts, adds Santander comments) By Lawrence White and Iain Withers LONDON, March 17 (Reuters) - Some of Europe’s biggest banks have warned the coronavirus will hit their already under-pressure earnings, as a lockdown in Britain and across parts of continental Europe will slow economic activity, eat into fee income and put corporate borrowers at risk. Britain’s Lloyds Banking Group will delay part of a 3 billion pound ($3.62 billion) technology investment programme in response to the epidemic, Chief Executive Antonio Horta-Osorio told an investment conference on Tuesday. “Now we have a huge external shock, which will provide a delay,” he told an audience of investors and analysts at the Morgan Stanley European Financials conference in London. Prime Minister Bo
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LYG
Sec Filings
- 11/14/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/13/24 - Form 6-K
- LYG's page on the SEC website