Lloyds Banking Group Plc (LLOY) will reap a gain of 400 million pounds ($596 million) from the sale of part of its stake in St. James’s Place Plc (STJ) as U.K. lenders face pressure from regulators to bolster capital. . .

http://www.bloomberg.com/news/2013-03-12/lloyds-to-reap-596-million-from-st-james-s-place-stake-sale.html

Barclays Plc (BARC), which paid about $450 million as the first bank to settle in a worldwide probe of interest-rate rigging, said benchmarks should be tied to actual market transactions and not estimates. . .

http://www.bloomberg.com/news/2013-03-11/barclays-backs-libor-based-on-transactions-rather-than-estimates.html

In a prosecution brought by the Financial Services Authority (FSA) and heard at Southwark Crown Court Richard Joseph, age 43, has been found guilty of 6 counts of conspiracy to deal as an insider. He has been sentenced to four years on each count, which will be served concurrently. . .

http://hereisthecity.com/2013/03/11/individual-sentenced-to-four-years-for-insider-dealing/

A total of 428 employees of Barclays and 93 at RBS earned more than £1m last year, the banks have disclosed. . .

http://www.bbc.co.uk/news/business-21715167#

The government’s proposed reforms of the banking sector still do not go far enough, according to a banking commission set up in the wake of the Libor scandal. . .

http://www.bbc.co.uk/news/business-21733477#