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The Central Bank of Nigeria (CBN) published a long list – 600 names in all, of non-performing debts – owed mostly by politicians, entrepreneurs and shareholders/directors – whose companies secured loans totalling N450 billion from five banks. The banks – BankPHB Plc, Equitorial Trust Bank, Spring Bank Plc, Wema Bank Plc and Unity Bank [...] Read Full Story

Lloyds Tsb banking is offering share holders cheap Shares, For every share holder that holds lloyds shares now and before 24th november they are offering a massive discount on shares if you buy them soon. 3 months ago they offered this and I made £10,000 profit , Has anyone else got shares in lloyds TSB , OR RBS ? And thinking about taken this offer up ? I have phoned the bank and they cant say how much discount you can have untill the 24th november 2009. They also said you can only pay by cheque which is not what I am used to Read Full Story

Shared-services model helps UK banks achieve economies of scale in their payment processing operations LONDON - Unisys Corporation ( NYSE:UIS ) today announced that its UK joint venture subsidiary Intelligent Processing Solutions Limited (iPSL) has signed five-year outsourcing contract extensions with Lloyds TSB, Barclays and HSBC. The aggregate value of the contract extensions is estimated to be more than £UK315 million ($US500 million). Established in 2000, iPSL provides outsourced cheque and credit clearing services for major banks in the UK. Lloyds TSB, Barclays and HSBC are all shareholders in the joint venture, along with majority shareholder Unisys. iPSL provides large-scale, secure outsourcing services across ... Read Full Story

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New research released by Lloyds TSB Insurance has revealed the serious impact of driving breaks on accident rates, as nearly 100,000 crashes caused last year were by drivers taking to the wheel after a long break from driving. Lloyds TSB Insurance commissioned road safety experts to test the roadworthiness of licensed motorists who had not driven for six months or more. The results revealed that these drivers made four times as many serious safety errors as regular drivers, worryingly increasing their crash-risk by a quarter. The insurer estimates that 98,000 accidents last year can be directly attributed to lack of driving practice, causing over ... Read Full Story