Ardevora UK equities manager Gianluca Monaco is shorting Morrisons while remaining long Sainsbury's ahead of next week's results announcement from the former.
Lloyds Banking Group has been fined £218m by UK and US authorities for a series of LIBOR failings, including manipulating fees owed to the Bank of England (BoE) as a result of taxpayer-funded support provided during the financial crisis.
Lloyds Banking Group is preparing to pay fines to UK and US regulators over its involvement in the LIBOR fixing scandal.
High street banks are using Wonga-style bullying letters to chase customers for payments.
Banks caught mis-selling interest rate hedging products (IRHPs) have so far paid £1.1bn in compensation to customers, the Financial Conduct Authority has revealed.
Lloyds will price its initial public offering of TSB at between 220p and 290p per ordinary share, with the float set for 20 June.
The political risk to UK sectors ahead of election
Britain's two state-backed banks have retreated from lending to the London property market since the financial crisis, in a sign of caution amid fears of an inflating housing bubble.
Lloyds Banking Group has announced plans to float a 25% stake in its TSB business next month in a bid to meet European rules on state aid for banks.
With the banking sector reporting mixed first quarter results, which groups are still worth holding on to?