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. High prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 05:01:21 AM
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....Barclays has paid out an estimated £18bn in bonuses since 2008, the year it raised almost £12bn to bolster its financial position and avoid a taxpayer bailout. Paul Myners, who was City minister at the time of the 2008 crisis, told BBC Radio 4’s Today Programme that bonus payouts may have been one of the reasons the bank was keen to avoid the taxpayer bailouts that Royal Bank of Scotland and Lloyds Banking Group received. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:01:43 PM
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. Lloyds Banking Group is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it emerged only one of 64 affected customers has received compensation. ... [Read full article on Guardian ]
Sunday 18th of June 2017 04:13:04 PM
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Latest Finance News related to Lloyds Bank

House sales have fallen by nearly a third in some parts of UK, says Lloyds image
. High prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....Barclays has paid out an estimated £18bn in bonuses since 2008, the year it raised almost £12bn to bolster its financial position and avoid a taxpayer bailout. Paul Myners, who was City minister at the time of the 2008 crisis, told BBC Radio 4’s Today Programme that bonus payouts may have been one of the reasons the bank was keen to avoid the taxpayer bailouts that Royal Bank of Scotland and Lloyds Banking Group received. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
.... In a banking jungle lacking biodiversity, it’s definitely different. Strictly speaking, Lloyds Banking Group never said that all the victims of the HBOS Reading fraud would be offered compensation by the end of June. ...
Lloyds likely to extend compensation deadline over HBOS fraud scandal image
. Lloyds Banking Group is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it emerged only one of 64 affected customers has received compensation. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
....Each bank has its own approach to ringfencing. Lloyds Banking Group, for example, will house the bulk of its activities inside the ringfence but others will need to make bigger changes. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
.... Wales, by contrast, enjoyed a pick-up in business activity growth. Gareth Oakley at Lloyds Banking Group highlighted that the survey’s price measures had come down from recent highs, easing some of the pressure on businesses. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
.... These “interchange” fees add up to £900m a year, though banks are of course receiving fees as well as paying them. Lloyds Bank is widely seen as the prime mover behind a suggested shake-up of charging. ...
Pound recovers after sharp falls as political turmoil hits markets image
Source : Guardian [Read Article] Friday 9th of June 2017 04:46:50 PM
....”. Among the market’s leading fallers were Royal Bank of Scotland and Lloyds Banking Group, housebuilders Taylor Wimpey and Barratt Developments, and retailers Marks & Spencer and Next. ...
Pound sinks but FTSE 100 climbs after shock election result image
Source : Guardian [Read Article] Friday 9th of June 2017 08:22:37 AM
....Sterling fell 2% to $1. 2670 while shares in Lloyds Banking Group were down, along with those in Royal Bank of Scotland and the housebuilders Barratt and Taylor Wimpey. ...
FTSE 100 dips ahead of election image
Source : BBC [Read Article] Wednesday 7th of June 2017 08:34:08 AM
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
. Lawyers representing Noel Edmonds have hit out at Lloyds Banking Group’s proposed compensation scheme for victims of a fraud at the bank’s HBOS Reading arm. ...
Banks 'rebuilding reputation' after crash image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:03:44 PM
....This is despite widespread concern among debt charities over lending policies and overdraft charges among High Street banks. Virgin Money is second on the Reputation Institute's ranking, followed by Halifax, Lloyds Banking Group and Metro Bank. ...
Noel Edmonds starts countdown clock for Lloyds compensation image
Source : Guardian [Read Article] Wednesday 31st of May 2017 01:30:24 PM
. Noel Edmonds has set up an “honesty countdown” clock website to increase pressure on Lloyds Banking Group, as the TV star seeks £73m in compensation for fraud committed by former HBOS Reading staff. ...
SFO delays decision again on charging Barclays over 2008 fundraising image
.... A high court judge has adjourned the case – which was due to start last Monday and would require former RBS chief executive Fred Goodwin to give evidence - until 7 June to allow settlement attempts. Later in the year, Lloyds Banking Group faces accusations from shareholders that they were not told that HBOS was dependent on emergency funding from the Federal Reserve and the Bank of England at the time of its takeover by Lloyds in 2008. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
....Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. Last week, when Lloyds Banking Group was congratulating itself over its return to the private sector, it was still being haunted by the fraud perpetrated at the Reading branch of HBOS, the hotshot lender it rescued in 2008. ...
Retail sales in April beat forecasts with a 2.3% rise image
Source : BBC [Read Article] Thursday 18th of May 2017 09:01:02 AM
....The retail sales figures come a day after separate ONS figures indicated that wages were rising slower than inflation for first time since mid-2014. Keith Richardson, managing director retail sector at Lloyds Bank Commercial Banking, said the retail figures were "welcome news, but it's too early to think that the tide is turning after a dismal first quarter". ...
FTSE's recent record-breaking run stalls image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:29:02 AM
.... . Shares in Lloyds Banking Group were up nearly 2% after the government confirmed it had shed its last remaining stake in the bank, thus returning it to the private sector. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
.... That’s life sometimes. Is Lloyds Banking Group “foot dragging” over compensation payouts to victims of the HBOS Reading fraud, as Noel Edmonds alleges? It’s impossible to know from outside but, if Edmonds’ £73m claim hasn’t yet been examined, it does seem remarkable that Lloyds thinks it can complete the process for the dozens of victims “within weeks”. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
Source : Guardian [Read Article] Monday 15th of May 2017 03:06:15 PM
. Noel Edmonds has accused Lloyds Banking Group of “foot dragging” over compensation payouts to himself and other victims of the HBOS Reading fraud. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
. Noel Edmonds has written to the Lloyds Banking Group chairman accusing the bank of "foot dragging" over compensating HBOS fraud victims. ...
Foxtons' tweets win few fans – now the slowdown gives it little to sing about | Simon Goodley image
....Just as the concept of state-owned industries is thrust back into the news agenda with the drafting of the Labour manifesto, there comes a potentially symbolic moment when the UK government finally withdraws from one of its most infamous investments. The government’s investment holding company, UKFI, has been selling down its once-43% stake in Lloyds Banking Group for months. ...
My walk, my signature image
Source : BBC [Read Article] Thursday 11th of May 2017 11:16:00 PM
....Even the size of your fingers - how much surface is covered when you tap on the screen - can help build up a pretty accurate signature profile, he says. Perhaps understandably, it is banks who are most interested in this new extra layer of security - Callsign lists Lloyds Banking Group and Deutsche Bank among its customers. ...
Lloyds chief says taxpayer to make £500m on bank rescue image
Source : BBC [Read Article] Thursday 11th of May 2017 04:26:56 PM
....The taxpayer will make a profit of about £500m on the £20. 3bn bailout of Lloyds Bank Group during the financial crisis, its chief executive said. ...
Noel Edmonds seeks £50m damages for HBOS fraud image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:10:09 PM
. Noel Edmonds is seeking half of a £100m compensation pot that Lloyds Banking Group has set aside for victims of a major HBOS fraud. ...
Noel Edmonds demands £73m compensation over HBOS fraud image
Source : Guardian [Read Article] Wednesday 10th of May 2017 10:12:13 AM
. Noel Edmonds has demanded £73m in compensation from Lloyds Banking Group for what he claims was the destruction of his business empire together with public humiliation and damage to his reputation caused by the fraudulent activities of the bank’s HBOS Reading arm. ...
Alison Brittain named Veuve Clicquot Business Woman of 2017 image
Source : BBC [Read Article] Tuesday 9th of May 2017 08:22:18 PM
....". Ms Brittain joined Barclays Bank as a graduate trainee and later became head of retail banking at Lloyds Banking Group. ...
Value of the £5 note: How fiver has changed since old note introduced image
Source : Daily Express [Read Article] Friday 5th of May 2017 01:41:00 PM
. The paper blue note was first introduced in 1957, but since then the value of £5 has dropped by a massive 96 per cent, according to analysis by Lloyds Bank. ...
Former Jaeger owner: I could save it image
Source : BBC [Read Article] Thursday 4th of May 2017 03:38:06 PM
....". Mr Tillman has been outspoken in his criticism of Lloyds Banking Group, whom he claims failed to give him 48 hours to repay them following a difficult period of trading in 2012. ...
£5 note: Deadline looms for digging out old paper fivers image
Source : BBC [Read Article] Wednesday 3rd of May 2017 11:05:36 PM
....". A Lloyds Banking Group spokesman said: "We'll continue to accept them from our customers, either exchanging them for the new polymer note, or depositing it into their account, whichever they prefer. ...
RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
. Millions of Royal Bank of Scotland and Lloyds Banking Group customers have had difficulty accessing their accounts after the banks suffered IT meltdowns before the long weekend. ...
Pound hits seven-month dollar high image
Source : BBC [Read Article] Thursday 27th of April 2017 08:13:10 AM
....7bn just before the government introduced the measure. Lloyds Banking Group shares rose 2. ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
. Profits at Lloyds Banking Group more than doubled in the first three months of the year, despite another hit for payment protection insurance mis-selling and the cost of compensating customers for fraud in the HBOS Reading branch. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... A new CEO who talks about “disciplined choices” to make the labs more commercial usually gets applause from investors. It is understandable that Lloyds Banking Group feels the need to answer definitively the charge that its board and executives were complacent about fraud at the Reading branch of HBOS. ...
Lloyds appoints ex-high court judge to review handling of HBOS fraud image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:03:08 AM
. Lloyds Banking Group has appointed a retired high court judge to investigate its handling of fraud at its HBOS branch in Reading. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....The £20. 3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
....4% on the year. Keith Richardson, managing director of retail at Lloyds Bank Commercial Banking, said that after record growth in 2016, the retail sector was slowing down. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
....Gadhia says that in writing the book “I was learning quite a lot about myself” and that to be successful, you need supporters. In her own case, a key supporter was the late Sir Brian Pitman who ran Lloyds Bank before becoming the chairman of Virgin Money after he retired. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
....He has previously described the stake as a long-term asset and any further sell-off as being hindered by the uncertainty surrounding selling off 300 branches as mandated by the EU and a fine by the US for mortgage bond mis-selling in the run-up to the financial crisis. In contrast, the government has reduced its stake in Lloyds Banking Group from 43%, when it invested to prop up the company during the financial crisis, to less than 2% and has sold off £12bn of Bradford & Bingley mortgages. ...
Hove's BN3 postcode the most sought-after for 'young urbanites' image
....Brighton and Hove Albion's promotion to the Premier League has crowned a top weekend for the area, which has been named as a top property hotspot for young professionals. Hove's BN3 postcode area is the most sought-after location in England and Wales for home buyers aged between 25 and 44, according to Lloyds Bank. ...
Hove tops property hotspot rankings among young professionals image
Source : Guardian [Read Article] Monday 17th of April 2017 07:01:16 AM
....A town on the south coast of England has cemented its place at the top of the property hotspot league for Britain’s young professionals. For the third year running, the BN3 postcode in the seaside town of Hove, which adjoins Brighton, tops the table in England and Wales for most home sales to young professionals – defined as 25- to 44-year-olds – according to figures compiled by Lloyds Bank. ...
Lloyds eyes Berlin for post-Brexit push image
Source : BBC [Read Article] Sunday 16th of April 2017 04:22:04 PM
. Lloyds Banking Group has decided to set up a European base in Germany after the UK leaves the EU, the BBC understands. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
....Lloyds has already set aside at least £250m to cover other costs arising from the case, which was centred on the HBOS office in Reading. "As I have stated before, we would like to express our deep regret and apologies to any customers directly affected by the criminal behaviour of these individuals," said António Horta-Osório, the chief executive of Lloyds Banking Group. ...
Lloyds expects payouts to HBOS fraud victims to total £100m image
Source : Guardian [Read Article] Friday 7th of April 2017 08:16:49 AM
. Lloyds Banking Group expects compensation payouts for victims of fraud at the hands of former HBOS staff to total around £100m. ...
Why BlackRock wants to pay George Osborne £650,000 a year | Nils Pratley image
....55%). It is the biggest shareholder in more than half of the FTSE 100’s companies: Ashtead, Aviva, AstraZeneca, British American Tobacco, British Land, BHP Billiton, BP, Burberry, Centrica, Compass, Croda, CRH, Diageo, Direct Line, Experian, GKN, GlaxoSmithKline, Hammerson, HSBC, 3i, Imperial Brands, Intertek, Johnson Matthey, Kingfisher, Land Securities, Legal & General, Lloyds Banking Group, London Stock Exchange, Marks & Spencer, Mondi, National Grid, Next, Persimmon, Royal Dutch Shell A and B shares, Relx, Royal Mail, Randgold Resources, Sage, Shire, St James’s Place, Standard Life, Smiths Group, Scottish Mortgage Investment Trust, Smith & Nephew, Severn Trent, Tesco, Unilever, Vodafone, Worldpay, and WPP. ...
Lloyds reveals location of 100 branch closures as it cuts 325 jobs image
Source : Guardian [Read Article] Wednesday 5th of April 2017 12:27:47 PM
. Lloyds Banking Group is cutting 325 jobs and has revealed the location of the 100 branches it will close between July and October. ...
Lloyds names locations for 100 branch closures image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:54:31 AM
. Lloyds Bank has announced the locations of 100 branches that it plans to close between July and October. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
. Lloyds Banking Group is to shrink the size of hundreds of its branches so they have only two staff with tablet computers helping customers. ...
Lloyds Bank to shrink hundreds of branches in size image
Source : BBC [Read Article] Sunday 2nd of April 2017 11:00:44 PM
. Lloyds Bank has announced plans to shrink hundreds of its branches in size, in some cases boarding up the old counter sections. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
.... The latest deal will leave UKAR with a £22bn balance sheet, down from £37bn in September 2016 and £116bn in 2010. The Treasury is also pressing ahead with plans to fully offload its stake in Lloyds Banking Group, which now stands at below 3%. ...
HSBC adds new transgender titles including M and Misc image
Source : BBC [Read Article] Thursday 30th of March 2017 05:28:12 PM
...."The banking sector has taken huge strides towards making lesbian, gay, bi and trans employees and customers feel valued. "This was demonstrated earlier this year by Lloyds Banking Group, who came number one in our top 100 LGBT inclusive employers in Britain. ...
Markets 'shrug off' Article 50 letter image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:29:56 AM
....Attention will now turn to the tone struck by both sides at the start of the two-year negotiations, analysts said. "It seems market participants have taken some comfort from the conciliatory tone adopted by the Prime Minister," said Adam Chester, head of economics for Lloyds Bank Commercial Banking. ...
New £1 coin's 'hidden' security feature image
Source : BBC [Read Article] Monday 27th of March 2017 09:40:11 PM
.... . Lloyds Bank, which has the biggest branch network in the UK, said most of its customers would start to see the coins from Wednesday this week. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
.... But usually they don’t come with a cheque book or pay credit interest. Lloyds Banking Group, which includes Halifax and Bank of Scotland, dominates this sector –it has a 49% market share and has been opening around 25,000 basic accounts a month. ...
RBS and NatWest to close 158 branches as customers go digital image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:05:29 PM
.... In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire building society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. Last July, Lloyds Banking Group announced the closure of 200 branches. ...
'Inadequate' celebrity mental health clinic ordered to improve image
Source : Guardian [Read Article] Tuesday 14th of March 2017 01:30:54 PM
....It is best known for treating celebrities, particularly for drug addiction, and has been described as the British equivalent of the Betty Ford Clinic in the US. The list of well-known patients includes songwriter Pete Doherty, former footballer Paul Gascoigne and Lloyds Banking Group chief executive António Horta-Osório. ...
Lloyds Banking Group sets aside an extra £350m for PPI image
Source : BBC [Read Article] Friday 10th of March 2017 02:05:39 PM
. Lloyds Banking Group has set aside a further £350m to cover claims for mis-sold payment protection insurance (PPI). ...
Machines v hackers image
Source : BBC [Read Article] Friday 10th of March 2017 12:33:10 AM
.... . Mr McCalla says Turing helped analyse what happened during the cyber-attack on Lloyds Bank in January that left thousands of customers unable to access the bank's services. ...
Standard Life and Aberdeen seek to tie in key staff in £11bn merger image
Source : Guardian [Read Article] Monday 6th of March 2017 08:06:34 AM
....“We just can’t talk about job losses,” said Gilbert, insisting estimates of 1,000 were “grossly exaggerated”. Standard Life employs more than 6,000 staff and Aberdeen, which bought the Scottish Widows fund management arm of Lloyds Banking Group three years ago, almost 3,000. ...
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
....9 times average salary – up from 5. 5 in 2012, according to Lloyds Bank. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
.... Last autumn Neale feared its clothing prices would have to rise following the devaluation of sterling against the dollar but says the depreciation of China’s renminbi against the greenback – as well as better deals struck with suppliers keen to get their hands on its high volume orders – means they are no longer necessary. After working with several private equity backers – Italian, Greek, Icelandic and finally the UK taxpayer in the shape of Lloyds Banking Group’s venture capital arm – Neale bought the business back in 2013 in a £85m deal backed by RBS. ...
REVEALED: Britain's least and most affordable cities for house prices in 2017 image
Source : Daily Express [Read Article] Saturday 25th of February 2017 01:20:00 PM
....9 times average salary – up from 5. 5 in 2012, showed research by Lloyds Bank. ...
Oxford once again tops list of UK's least affordable places to live image
Source : Guardian [Read Article] Saturday 25th of February 2017 08:01:06 AM
....Affordability ratings, which compare the costs of buying a home in an area with the average regional pay, say that the cost of homeownership in five cities is now more than 10 times the average local income, thanks to a rapid growth in house prices, combined with slower wage growth. An annual analysis by Lloyds Bank once again pinpointed Oxford as the least affordable city in the UK. ...

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