Lloyds Banking Group

Six businesses from across Scotland have scooped seven shortlist nominations for this year’s Lloyds Bank National Business Awards after an expert panel deemed them to be among the best in Britain.

Lloyds Banking Group, the owner of Bank of Scotland, has posted a £602 million pre-tax loss for the first half of this year, as the bank set aside £2.4 billion for bad loans. António Horta-Osório, chief executive of Lloyds, said that the coronavirus pandemic had a "profound

Essential spending in June returned to levels seen in 2019 as the UK continues to emerge from lockdown life, according to the latest data from Lloyds Bank.

The Competition and Markets Authority (CMA) has written to Lloyds Banking Group and Nationwide about their non-compliance with the Payment Protection Insurance (PPI) Market Investigation Order of 2011.

Lloyds Banking Group has announced that its chief executive António Horta-Osório will step down in June next year after ten years in the role. Banking industry veteran Robin Budenberg will step up as the bank's new chairman after Horta-Osório's departure.

Lloyds Bank has announced plans to move further into wealth management and insurance services in its next strategy update.

Lloyds Bank International has announced that it will be cutting 80 jobs as investment management firm Brooks Macdonald has purchased part of the business. The cuts will be made across various teams based in Jersey, Guernsey and the Isle of Man.

Spending on non-essential items improved in May signalling an increase in consumer confidence, according to the latest data from Lloyds Bank.

The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

Kingdom Housing Association has agreed a Revolving Credit Facility Agreement with Lloyds Bank during the coronavirus period after an open tender process run for Kingdom by ATFS. The facility is for £10 million for a term of five years at competitive rates in the current climate.

Lloyds Banking Group's pre-tax profits have plummeted by 95% to £74 million, a drop of over £1.6 billion from the same three months of 2019.

Lloyds Banking Group has partnered with We Are Digital in a new initiative which has provided 2,000 digital tablets and vital support to 20,000 vulnerable customers facing difficulties during the coronavirus pandemic.

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

Following growing criticism, high street banks have backtracked on loan requirements which insisted that business owners provide personal guarantees for government-backed loans.

Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl