Receive Breaking News updates as they occur
BANGUI, Central African Republic (AP) — Two French soldiers have been killed in combat in Central African Republic's capital, President Francois Hollande's office announced Tuesday, the first French casualties five days into a stepped-up military intervention in the restive former colony.
By Matt Scuffham LONDON (Reuters) - Lloyds Bank boosted its capital by 685 million pounds via the sale of its remaining stake in wealth manager St James's Place, raising hopes it can soon pay dividends again for the first time since its 2008 bailout. The lender, 33 percent owned by the British government which put up 20.5 billion pounds to save it from collapse, said on Tuesday it had sold around 109 million shares in St James's Place to financial institutions at 630 pence per share. Lloyds needs to plug an 8.6 billon pound shortfall identified by Britain's financial regulator in June before it can persuade the regulator to allow to pay dividends again, and is currently selling non-core assets to strengthen its balance sheet and focus on lending to UK households and businesses. It has also reduced its loan book, cut costs and reined in bad debts, helping its shares to more than treble in value over the past two years and enabling the government to start offloading its stake in the bank.