Company
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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Unite said the redundancies will come at a number of the bank’s divisions and departments including sites in Fareham, Birmingham, London, Halifax and Chester
The lender will only grant the 100% mortgage if the family member of the purchaser puts a sum equal to 10% of the value of the property into a Lloyds savings account
Santander will close 140 branches, leading to about 840 redundancies
Chief executive Craig Donaldson said 2018 was another strong year of growth for Metro Bank
High yields are often viewed as a warning that a company’s dividend is too high to maintain, but a new study thinks the issue lies with the value of unloved UK stocks and not their pay-outs
JPMorgan's European Best Equity Ideas list summarises the bank’s EMEA Equity research team’s views and top picks, covering both strategy and sector contributions
Rachel Reeves, the MP for Leeds West, said it was “unacceptable” for financial institutions to try and “game the system at the expense of customers”, particularly those struggling financially
Deutsche Bank’s top picks in order of preference are Barclays, RBS and Lloyds
“Our house view does not factor a recession until late-2020 although there are a number of geopolitical risks that could derail this - including the US-China trade war, Brexit, and Italy," Deutsche Bank said
Investments and investor services
The UK blue-chip benchmark closed down around 24 points at 6,918, while FTSE 250 added nearly 107 points on the day
If the markets are right, Britain’s big four banks are in for a rough ride in 2019
Lloyds, RBS, Natwest and HSBC already made changes to their overdraft fees last year ahead of the FCA's high-cost credit review
The Share Centre's Helal Miah said Lloyds' dividends have been restored to historic norms as profits have recovered after its restructuring
“The aim is that TSB enters into a process of consolidation in the future in Britain,” Sabadell’s chairman Josep Oliu said
The Bank of England on Wednesday said all seven British banks and building societies passed could handle a 'disorderly Brexit'
In the 2018 scenario, UK GDP falls by 4.7%, the UK unemployment rate rises to 9.5%, UK residential property prices fall by 33% and UK commercial real estate prices fall by 40%
The UK's premier blue-chip index closed down around 12 points at 7,004
Morgan Stanley analysts expect the Bank of England to raise interest rates by 50bps in 2019 and another 75bps in 2020
In August it emerged that the bank may be forced to appoint Deloitte given that KPMG audited HBOS, which was bailed out by Lloyds, while EY audits rival RBS.
Edmonds will reportedly brave the Australian jungle as he prepares to go head to head with Lloyds over fraud at the bank's HBOS Reading unit
