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Finance

Lloyds reviews treatment of HBOS fraud whistleblower

Lloyds said it believes the whistleblower "acted with the best of intentions”...

on 20/7/18
Finance

Lloyds loses UK mortgage market share but remains biggest lender, UK Finance reveals

RBS overtook Barclays to become the fourth largest lender of mortgages while HSBC also grew its market share...

on 18/7/18
Finance

Lloyds to reportedly operate from three European subsidiaries after Brexit

One of the subsidiaries is understood to be in Frankfurt, which will become home to Lloyds' euro bond trading business ...

on 17/7/18
Finance

Former Lloyds executive Andrew Bester to become new boss of Co-op Bank

Andrew Bester was once viewed as a possible candidate to become the next Lloyds chief executive...

on 9/7/18
Finance

Lloyds may need to pay more than £1bn for HBOS Reading fraud, says Noel Edmonds

Former 'Deal or No Deal' host Noel Edmonds is seeking £64mln in damages for losses suffered from the loans scam at the HBOS Reading unit...

on 6/7/18
Finance

Lloyds offers compensation of £76mln to victims of HBOS Reading unit fraud, say lawmakers

Reuters said 170 former directors of companies impacted by the fraud have so far been offered compensation, of whom 134 have accepted, according to a letter published by lawmakers on Thursday...

on 5/7/18
Finance

Lloyds, RBS lead banks lower after UK court ruling raises threat of huge new PPI bill

The case at Manchester county court, involving a couple, Christopher and Joanne Doran, against Paragon Personal Finance, revolved around the issue of commission paid...

on 3/7/18
Finance

OneSavings Bank shares edge higher on Numis upgrade

Numis said OneSavingsBank's cost-to-income ratio is nearly half that of Lloyds...

on 3/7/18
Finance

HSBC completes separation of retail bank to meet ring-fencing rules

HSBC finished setting up its ring-fenced bank six months ahead of the legal deadline...

on 2/7/18
Finance

TSB ignored warnings IT system was not ready before disastrous switchover, says union

Staff were “teetering on the brink of collapse" and dealing with “levels of abuse never seen before" from disgruntled customers, new documents claim...

on 28/6/18
Finance

Lawmakers call for probe of Lloyds and KPMG over HBOS Reading fraud

The All Party Parliamentary Group on Fair Business Banking called for the probe after a confidential report into the fraud at HBOS Reading was leaked online on Tuesday...

on 22/6/18
Finance

JP Morgan equalises CYBG and Virgin Money as it remains ambivalent on merger impact

The US investment bank said Virgin’s £1.7bn takeover of CYBG was likely to create a stronger UK bank but was unlikely to “materially shift the competitive backdrop”...

on 21/6/18
Finance

Lloyds announces more job cuts as part of digital drive

Lloyds and other traditional retail banks have been investing in their online services in response to rising competition from tech-based providers ...

on 20/6/18
Finance

Lloyds downgraded and Barclays upgraded in HSBC’s sweeping review of banks

Aside from the price target changes for Lloyds and Barclays, HSBC analysts reckon market sentiment has shifted from overly optimistic to overly pessimistic...

on 20/6/18
Finance

Lloyds’ confidential report into fraud at HBOS Reading unit leaked

The report was completed back in 2013 and had been circulated among regulators, law enforcement officials and MPs but was never made available to the public...

on 19/6/18
Finance

Virgin Money and CYBG merger could face IT meltdown like TSB, analysts warn

Analysts fear Virgin Money and CYBG could experience an IT crash like TSB in integrating its computer systems ...

on 18/6/18
Finance

UBS repeats ‘buy’ on Lloyds Banking Group as it reflects on new ring-fencing rules from 2019

The Swiss bank's analysts noted that Lloyds and Barclays PLC are trading at a 13-17% discount to a sector trading at the highest implied cost of equity since mid-2016 ...

on 12/6/18
Finance

FCA to take no action against Lloyds Banking Group's Scottish Widows unit after long-running probe

The regulator had been investigating Scottish Widows and five other insurers since March 2016 after conducting a review of their treatment of longstanding customers...

on 12/6/18
Finance

Lloyds Banking Group raises £344mln after selling remaining stake in Standard Life Aberdeen

The FTSE 100-listed bank said the shares sold, representing approximately 3.3% of Standard Life Aberdeen’s issued ordinary share capital, were sold at a price of 352.5p each...

on 8/6/18
Finance

TSB to be probed by FCA over handling of the bank’s ongoing IT problems

The lender, which was bought in 2015 by Spanish bank Sabadell, had a major IT problem last month affecting its 1.9mln online customers...

on 6/6/18
Finance

How long can Royal Bank of Scotland keep rolling with punches as Italy turmoil threatens new European crisis?

The 2008 rights issue and bail-out mark a financial concussion from which shareholders have yet to recover....

on 31/5/18
Finance

Lloyds sees barrage of allegations over poor service, misconduct at its AGM - Reuters

Shareholders of the FTSE 100-listed lender were quick to vent their anger over issues from fraud to the mistreatment of small businesses and the rates it charges "vulnerable" mortgage borrowers, the newswire said...

on 24/5/18
Industry & services

Wyevale Garden Centres put up for sale by private equity Terra Firma; Christie Group to advise on disposal

Terra Firma bought the business – then known as The Garden Centre Group - in March 2012 from Lloyds Banking Group PLC in a deal that valued Britain’s then largest garden centres operator by revenue at £276mln...

on 22/5/18
Finance

Royal Bank of Scotland considering paying dividends of similar level to Lloyds Banking Group

It's all speculation at the moment and the story in The Times might just be running the idea up the flagpole to see whether anyone salutes it and, if so, with how many fingers...

on 21/5/18
Finance

Lloyds to sell Irish residential mortgage portfolio to Barclays

Lloyds will make a pre-tax loss of £110mln on the sale of the portfolio, which will be recognised in its first half results...

on 18/5/18