Lloyds Pressed to Raise Capital and 1 Stock Reaching 52-Week Highs
HSBC Holdings (NYSE:HBC): The Bank of England’s most recent Financial Stability Report warned that there are “good reasons” to believe that banks in the United Kingdom are insufficiently capitalized, but did not estimate the overall size of the capital deficit, although the analysis cited within the report would indicate a shortfall of as much as £60 billion, said The Independent. Shares closed up 0.85 percent on the day at $51.13, and have traded in a 52-week range of $36.67 to $50.85.
Lloyds Banking Group (NYSE:LYG) and The Royal Bank of Scotland Group (NYSE:RBS) are among British banks that require no additional taxpayer funding, according to the Bank of England Governor Mervyn King, but Lloyds might still be pressed to explore the divestiture of businesses it thinks “core” to its operations, according to The Telegraph, as the BOE is currently pressing lenders to raise capital. Lloyds shares closed up 0.34 percent on the day at $2.98, and have traded in a 52-week range of $1.38 to $2.98.
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