Lloyds Banking Group

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

Lloyds Banking Group announced yesterday that it has allocated up to £2 billion of arrangement fee-free finance assigned to specifically support UK SMEs to ensure that they have access to additional finance to overcome any impact COVID-19 causes to their cashflow. The group said that its relat

Lloyds Bank has informed its workforce that it will be cutting 780 full-time branch jobs in its latest round of staff cuts.

Lloyds Banking Group has reported a sharp drop in profits to £4.4 billion before tax, down from nearly £6 billion in 2018.