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Spring Statement to dominate on Wednesday amid fallout from Brexit deal vote
While major fiscal measures are not expected, the result of Tuesday's vote on Theresa May's Brexit deal could put the chancellor on the spot
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Lloyds Banking Group PLC
LON:LLOY
Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Group operates the UK’s largest retail bank and has a large and diversified customer base.
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RBS teams up with Visa, Mastercard and Gemalto to trial biometric bank card
The biometric card RBS is developing would mean customers would not need to use a pin code to verify transactions over the £30 limit currently set on contactless payments
OneSavings Bank and Charter Court Financial Services confirm £1.6bn merger talks
OneSavingsBank and Charter Court Financial Services said a merger would create a specialised mortgage lender with greater scale and resources to take advantage of growth opportunities
Schroders' 2018 profits fall as assets under management, fee income drop, impacted by weaker markets
For the year ended December 31, the FTSE 100-listed fund manager reported a 5% fall in pre-tax profit before exceptional items to £761.2mln, down from £800.3mln a year earlier
Lloyds commences share buyback programme to acquire up to £1.75bn worth of stock for cancellation
The FTSE 100-listed lender said it has appointed with Morgan Stanley and UBS as joint brokers to conduct the share buyback programme on its behalf
As M&S and ITV unveil tie-in deals, is the plug-and-play/consolidation model becoming the default catch-up method for digital?
With M&S choosing to anchor itself to online grocer Ocado and ITV and the BBC pooling their efforts in online streaming, have tie-ins and consolidation become the best strategy to ward off the surge in digital competition?
PPI provisions refuse to die for Lloyds, but cash returns make up for profit disappointment
The FTSE 100-listed lender set aside another £200mln in the fourth-quarter for PPI claims, having not made any further provisions in the third-quarter
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Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Lloyds sees 2018 profits miss forecasts after a weak fourth-quarter but still hikes dividend, launches share buyback
The FTSE 100-listed bank reported statutory profit after tax of £4.4bn for the year to 31 December 2018, below the consensus estimate of £4.6bn but up 24% on 2017’s £3.5bn
FTSE 100 closes higher as markets more optimistic on US, China trade
BIg banking group Lloyds was among the top gainers on Footsie
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Lloyds to report 2018 numbers on Wednesday as bank results cycle grinds on
The black horse will be tasking the middle spot between HSBC and Barclays, with investors on the lookout for any news on cost-cutting and dividends
FairFX gains “significant endorsement” as it is granted access to Bank of England settlement accounts
The firm said access to the Real Time Gross Settlement accounts would now allow it to process payments made through its platforms in real-time as well as other benefits like instant transfers
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
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Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Lloyds appoints Morgan Stanley banker William Chalmers as its chief financial officer
Chalmers joined Morgan Stanley in 2000, after six years at JP Morgan, and was promoted to managing director of the Global Financial Institutions Group in 2003
Investments and investor services
FTSE 100 joins global benchmarks to head higher on Friday on trade deal hopes
Britain's blue chip index closed up around 39, or 0.55% at 7,236 on the day
Lloyds has to apologise to customers again after IT glitch affects online banking service
The group said the issues only affected Lloyds' customers, rather than the group’s Halifax and Bank of Scotland brands, and had not affected mobile logins
Archive
FTSE 100 closes higher as investors buoyed by trade talk optimism
The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
Lloyds Banking renews contract with the AA
The AA will adapt its breakdown app, with bespoke functionality for Lloyds packaged bank account customers, providing them with the ability to report and track their breakdown digitally on their phones or tablets
TSB slumps to annual loss after spending £330mln on IT meltdown
TSB executives will forgo their bonuses for 2018 in what the bank described as its "most challenging year"