Banks based in Britain will lose access to EU markets after Brexit unless the country remains in the broader European trading group that includes nations such as Norway, the head of Germany’s Bundesbank warned yesterday.

Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces itself for a cut in interest rates following Britain's decision to quit the European Union.

Sterling rose against the euro yesterday after the path was cleared for UK home secretary Theresa May to be appointed prime minister, as S&P Global Ratings sounded its concerns over the “the vulnerability” of the British housing market.

Shares in Clydesdale Bank now run by former AIB boss David Duffy rose up to 2.4% yesterday in their London debut, valuing the British lender at about £1.62bn (€2.14bn).

A decision yesterday by the British government to postpone the sale of shares in Lloyds Bank because of the global stock market rout has raised the first question mark about the timing of any sale of shares in AIB here.

Shares in British taxpayer-backed Lloyds Banking Group will be made available to retail investors today, British Chancellor George Osborne has announced.

Britain is considering selling the Channel 4 public broadcaster as part of its drive to pay down debt, a government official has accidentally revealed.

Britain’s chancellor George Osborne said yesterday he hoped the sale of the UK government’s shares in Lloyds Banking Group will be completed within a year.

Lloyds Banking Group set aside a further £1.4bn (€1.99bn) to compensate customers mis-sold loan insurance, pushing its first-half profit below analysts’ forecasts.

Lloyds Bank is expected to set out its dividend plans next week, including a potential return of surplus cash to shareholders, making its stock more attractive ahead of a possible sale to retail investors, industry sources have said.

Lloyds Banking Group chief executive Antonio Horta-Osorio said a return of the company to full private ownership was “within sight” and praised a plan that allowed the British government to sell shares in the open market.

Britain will launch a sale of shares in Lloyds to private retail investors in the next 12 months in what is expected to be the biggest privatisation since Margaret Thatcher’s government sold off assets in the 1980s.

Bank of Ireland has raised €750m through a five-year covered bond at a yield of 0.527%.

Irish petrol station operator and forecourt retailer Applegreen has reported a bumper year with both revenue and profitability comfortably surpassing 2012 levels.

State-backed Lloyds Banking Group is to cut 9,000 jobs over the next three years as part of plans which will see the net closure of 150 branches.

Lloyds Banking Group, which is backed by the British Governmnet, is reportedly preparing to cut thousands more jobs and close branches as part of its “digitisation” strategy.

One of the largest retail investment portfolios ever brought to market in Ireland was yesterday launched by joint selling agents Savills and Bannon with a guide price of €120m.

The decision by Britain’s biggest mortgage lender to clamp down on high-value lending has prompted expectations that some others may follow suit.

Lloyds Bank is to axe 645 jobs and close a telephone banking centre in the UK under fresh cost-cutting moves, a union has revealed.

People’s spending using contactless “tap and go” card payments has topped £100m in a month for the first time, industry figures show.

Royal Bank of Scotland has been blocked from paying bonuses twice the size of salaries after its plans were vetoed by the Government.

British consumer optimism over the UK economy continued to run at a three-year high in September amid a blossoming housing market and a further easing of concerns about employment.

A £3.21bn chunk of UK-taxpayer-backed Lloyds Banking Group has been sold by the British Government as it begins the process of returning the bank to private hands.

TSB will become Britain’s eighth biggest high street bank when it is re-launched today as a standalone brand 18 years after disappearing when it merged with Lloyds.

TSB will become Britain’s eighth biggest high street bank in the UK when it is re-launched next week as a standalone brand 18 years after disappearing when it merged with Lloyds.

Just as the British government is trying to clear a path for the politically sensitive sale of its 39% stake in Lloyds Bank, resentment is brewing among the investors who would be expected to buy the stock.

Weaning Irish banks off the Eligible Liabilities Guarantee scheme; driving down deposit rates, kickstarting the supply of credit, and the introduction of the Insolvency Bill, are all key to restoring banks to profitability.

Those distinguished former Bank of Ireland governors must be turning in their graves.

Chelsea Football Club submitted one of more than 10 offers to buy the London landmark, Battersea Power Station, according to an inside source.

Irish Olympic officials are leaving no stone unturned in their efforts to ensure a smooth and controversy-free procession for the Olympic torch when it makes its historic appearance in Ireland this summer.

Lloyds Banking Group is to axe almost 1,000 jobs and close three offices the UK in a “devastating” blow to workers, one of the staff unions said today.

Union leaders reacted with anger today to the “terrible news” that banking giant Lloyds is to axe another 1,300 jobs.

LLOYDS Bank has said it is “closely managing” its exposure to Ireland, after seeing its Irish-based loan losses increase by 14% year-on-year during the first half of this year.

A MAN wanted in connection with a multi-million fraud and who has been on the run for more than 25 years is believed to have been found dead in France.

Craig Whyte’s protracted bid to take over Rangers enters a critical stage this week with Lloyds Bank believed to be the main stumbling block to the deal being concluded.

ABILITY to tout for business from other banks will determine the career prospects of up to 800 of the staff currently employed by Bank of Scotland Ireland (BoSI).

THE consortium attempting to buy Crystal Palace are confident they can proceed with their takeover after the Championship club dramatically avoided extinction yesterday.

LLOYDS Bank, which has announced plans to cut 750 jobs as it pulls out ofretail banking in Ireland represented by the Halifax brand, said it is still cautious on its Irish loan book due to uncertainty over the outlook for the Irish economy.

Britain's Secretary of State for Scotland Jim Murphy held talks with Rangers’ bankers Lloyds today as the financial giant insisted they were not running the club.

Part-nationalised British banking group Lloyds is set to write off up to £13bn (€15.1bn) in bad debts in results for the first six months of 2009, it was reported today.

Lloyds TSB Bank has agreed to forfeit $350m (€260m) for helping customers skirt US sanctions on business transactions with Sudan, Iran and Libya.

Two former Scottish bankers conceded defeat today in their battle to force a rethink on the Halifax Bank of Scotland takeover by Lloyds TSB.