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State Senator Joe Leibham to not seek recount for last week's election

SHEBOYGAN, WI (WHBL) - Joe Leibham will not seek a recount for last week's 6th House District Republican primary. The Sheboygan state senator lost the four man race to State Senator Glenn Grothman by 219 votes, which was close enough to ask for a recount that would have been paid for by local government units. In a statement made Friday afternoon, Leibham said he has contacted Grothman about his decision and wished him well in the November general election.  He adds he is happy of the ...

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UK regulator says satisfied with Lloyds, RBS capital plans

A man walks past a Royal Bank of Scotland branch reflected in a puddle in central London January 14, 2010. REUTERS/Stefan Wermuth
A man walks past a Royal Bank of Scotland branch reflected in a puddle in central London January 14, 2010. REUTERS/Stefan Wermuth

LONDON (Reuters) - Britain's financial regulator said it had finalized capital requirements for Royal Bank of Scotland and Lloyds Banking Group and was comfortable with their plans.

The Prudential Regulation Authority said it would release more information when it had concluded discussions with all banks, including, where necessary, if banks need to take steps to meet any shortfalls.

Lloyds and RBS each said on Wednesday they did not need to issue more equity, and would meet extra capital needs by selling assets and through retained earnings and restructuring plans that are underway.

(Reporting by Steve Slater; Editing by Matt Scuffham)

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