-- Lloyds Banking Group is preparing a share buyback of 2.0 billion pounds ($2.6 billion) to take place in 2019, the Financial Times reported Sunday, citing unknown sources.

-- The buyback will be part of a total capital return of around GBP4.5 billion, including higher dividend payments, but the plan is preliminary and remains contingent on regulatory approval, the FT says.

Full story: https://on.ft.com/2J8YM1v

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(END) Dow Jones Newswires

October 22, 2018 04:13 ET (08:13 GMT)

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