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.... 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. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 06:05:29 PM
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.... . 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. ... [Read full article on BBC ]
Monday 27th of March 2017 09:40:11 PM
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.... Like every bank, interest rates are low – Triodos pays 0. 75% on its cash Isa – but that’s actually double the rate paid by Lloyds Bank on its instant access cash Isa. ... [Read full article on Guardian ]
Saturday 25th of March 2017 07:00:03 AM
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.... 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. ... [Read full article on Guardian ]
Saturday 25th of March 2017 07:00:02 AM
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Latest Finance News related to Lloyds Bank

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. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
.... Long-term horizons are terrific – but, if you’re a public company, you have to be able to protect your independence. In the days after the UK voted to leave the EU, Lloyds Banking Group’s shares fell from 70p to 48p. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
.... The loss is likely tobe £55bn – more than the £45bn that was pumped in by the Treasury to stop the Edinburgh-based bank collapsing. In contrast, Lloyds Banking Group – bailed out at same time and is almost free from taxpayer support. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
.... But investors will be keen to know more about its performance in emerging markets, its cost-cutting, including closing UK branches, and any further regulatory issues. Lloyds Banking Group, Barclays and Royal Bank of Scotland follow in quick succession, and all but the latter are expected to show solid numbers. ...
Co-op Bank faces struggle to find owner with ethics – and deep pockets image
Source : Guardian [Read Article] Saturday 18th of February 2017 04:00:05 PM
....The Co-op brand might go with the current accounts, but could equally be sold to another buyer who pledges to retain the ethical stance. Whatever the outcome, though, it is very different to 2012 when, together with the TSB branches, the Co-op was expected to create a 1,000-strong high street force to take on the big four of Lloyds Banking Group, HSBC, Barclays and RBS. ...
For sale: Co-op Bank looks for buyers image
Source : Guardian [Read Article] Monday 13th of February 2017 08:05:49 AM
.... “We will continue to assess the bank’s progress in building greater financial resilience over the coming months,” the PRA said. In 2013, when it was still owned by the Co-operative Group, the bank had tried to buy TSB from Lloyds Banking Group. ...
Lloyds apologises for 'distress' caused by £245m HBOS loan scam image
Source : Guardian [Read Article] Tuesday 7th of February 2017 12:45:49 PM
. Lloyds Banking Group has apologised for the impact of the £245m loan scam at HBOS and pledged to examine whether any of the small businesses affected should receive compensation. ...
Funds still missing after  our house move from hell image
Source : Guardian [Read Article] Monday 6th of February 2017 06:59:20 AM
.... The completion did not take place, as my solicitors did not receive the mortgage funds of £364,000 in time. This was due from the lender, Birmingham Midshires, which is part of the Lloyds Banking Group. ...
RBS boss to unveil more cuts after receiving pay worth £3m in 2016 image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:06:15 PM
....4bn. Lloyds Banking Group, where the government stake has fallen to below 5%, is expected to have a larger bonus pool. ...
HBOS manager and other City financiers jailed over £245m loans scam image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:55:21 PM
.... His wife invited Dobson and the Scourfields to go on trips to Ascot, while Mills, Bancroft, Scourfield and their wives holidayed together in Barbados to celebrate her 40th birthday. Many of the victims said they were going to continue to press Lloyds Banking Group, which took over HBOS during the 2008 banking crisis, for compensation, claiming that the bank knew about the wrongdoing earlier and failed to investigate properly. ...
UK growth forecast upgraded amid warning over inflation image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:30:09 AM
....Against the backdrop of rising inflation, spending on groceries grew at its fastest pace since mid-2013 in December, jumping by 2. 9% from a year earlier, according to a monthly report into household outlays by Lloyds Bank. ...
Deutsche Bank fined $630m over Russia money laundering claims image
Source : Guardian [Read Article] Tuesday 31st of January 2017 05:00:06 AM
....5% to €18. 52 – valuing the bank at €25bn, which is less than half that of the UK’s Lloyds Banking Group, for example. ...
Cash, cruises and sex parties: inside ex-HBOS manager's £245m scam image
Source : Guardian [Read Article] Monday 30th of January 2017 05:37:27 PM
....He added that more than £28m passed from HBOS through the bank accounts of either Mills, his wife or companies under his control – and while not all of that money stayed with the defendants, Mills and his wife “did benefit enormously”. But who was hurt by all this? Lloyds Banking Group is one victim. ...
Highly paid part-time roles on the up as employers embrace job shares image
Source : Guardian [Read Article] Monday 30th of January 2017 12:01:38 AM
....”. Timewise has drawn up a list of organisations where senior staff work part-time or as a job share, including the Guardian, the Green party, Lloyds Banking Group and the Ministry of Defence. ...
Link ATMs: last-ditch bid to keep cash machines free image
Source : Guardian [Read Article] Tuesday 24th of January 2017 05:06:55 PM
....Another proposal is a freeze on the current charging system. Lloyds Banking Group – the network’s biggest user – sparked the review of the system . ...
Stonewall names Lloyds the UK's most inclusive employer image
Source : Guardian [Read Article] Thursday 19th of January 2017 12:01:22 AM
....Stonewall, the leading LGBT rights charity, said its workplace equality index attracted a record 439 submissions, with 92,000 people taking part in a survey about workplace culture. Antonio Horta Osorio, group chief executive of Lloyds, said: “Lloyds Banking Group is committed to supporting diversity in its workforce so that we can harness all of the qualities and talents of our colleagues to achieve our aim of helping Britain prosper. ...
Link cash machines may start charging because of row about network fees image
Source : Guardian [Read Article] Wednesday 18th of January 2017 01:10:13 PM
.... About 25% of the machines currently charge for withdrawals because they are operated by independent suppliers installed in locations such as convenience stores. Lloyds Banking Group – which is the biggest user of the network as it has the largest number of current account customers – has previously raised the need for a review of the system, which could result in many cash machines being removed to cut costs. ...
Can a $26m-a-year fund manager really rethink executive pay? image
Source : Guardian [Read Article] Tuesday 17th of January 2017 07:00:32 AM
....In the UK alone, BlackRock is usually found among the top three shareholders in FTSE 100 blue-chip companies. Last week it pipped the UK government to become the biggest investor in Lloyds Banking Group. ...
World's largest fund manager demands cuts to executive pay and bonuses image
Source : Guardian [Read Article] Sunday 15th of January 2017 01:39:14 PM
....Excessive boardroom pay has moved up the national agenda since the financial crisis of 2008 and prime minister Theresa May stated an ambition to crackdown on poor corporate governance in the UK. Last week BlackRock became the largest shareholder in Lloyds Banking Group after the government further reduced its stake in the bailed-out bank. ...
Blind trusts: what do Theresa May and Donald Trump have in common? image
Source : Guardian [Read Article] Friday 13th of January 2017 01:41:32 PM
.... To earn that sort of income from shares in the biggest company in the FTSE, Shell, May would have to own a portfolio worth around £85,000. If the prime minister is holding shares in Lloyds Bank, then the dividends would suggest her holding is closer to £175,000. ...
Lloyds online banking problems enter second day image
Source : BBC [Read Article] Thursday 12th of January 2017 09:45:08 AM
. Customers of Lloyds Banking Group have expressed frustration at a second day of problems with online and app banking. ...
Wales sees 26% drop in new businesses over five years image
Source : BBC [Read Article] Wednesday 11th of January 2017 06:02:44 AM
....UK-wide there was a 19% fall, with a 20% drop in England and 3% in Scotland. Data from BankSearch for Lloyds Bank showed almost half of Scotland's regions recorded growth. ...
Lloyds Bank: UK government no longer top shareholder image
Source : BBC [Read Article] Monday 9th of January 2017 10:00:23 AM
Blackrock becomes biggest Lloyds bank shareholder image
Source : Guardian [Read Article] Sunday 8th of January 2017 03:40:57 PM
. The major US investment firm Blackrock has become the biggest shareholder in Lloyds Banking Group, usurping the government, which is selling down its stake in the bailed-out bank. ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
....Banks, credit card companies and car loan providers are all offering mouthwatering rates to attract customers. Some, like Lloyds Bank, which wants to buy the credit card firm MBNA, are striving to gain market share and hoover up even more debt-laden customers than the competition. ...
FTSE 100 recovers to reach another record close image
Source : BBC [Read Article] Friday 6th of January 2017 08:27:29 AM
....1659. On the stock market, the leading shares were defence group BAE Systems and Lloyds Banking Group. ...
Business confidence stabilises but Brexit jitters linger image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 12:01:38 AM
....Confidence among British business executives has stabilised after hitting a four-year low in September, but firms still regard economic uncertainty as the biggest threat after the Brexit vote. The latest Business in Britain report from Lloyds Banking Group, which is published twice a year, shows the business confidence index rose to 14% from 12% in September. ...
New year resolutions to help you handle your money in 2017 image
Source : Daily Express [Read Article] Sunday 1st of January 2017 05:41:00 PM
....Rainy day fund. Paul Gordon, a managing director at Lloyds Banking Group, says budget for one-off expenses such as birthdays and holidays, and build a cash pot for emergencies: “Otherwise unexpected costs, like a broken boiler, can really set you back. ...
Smell the difference image
Source : BBC [Read Article] Wednesday 28th of December 2016 11:12:09 PM
....The scent, it transpires, is white tea and thyme. And it is coming from a new branch of Lloyds Bank. ...
Brexit bounce sends confidence soaring in housing and stock markets image
Source : Daily Express [Read Article] Wednesday 28th of December 2016 07:27:00 AM
....”. Robin Bulloch, managing director of Lloyds Bank, said costlier food and fuel will add to the challenge: “The prospect of increased inflation is finally starting to weigh more heavily on future expectations and spending power. ...
London's Eaton Square most expensive place to buy home in Britain image
Source : BBC [Read Article] Friday 23rd of December 2016 12:04:06 AM
....The Belgravia address tops a list that shows every English region now contains "million pound" streets. Research by Lloyds Bank also shows the most expensive street in Wales is Llandudno's Llys Helyg Drive, with an average property price of £1. ...
Former home of PMs and 007s named UK's most expensive street image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
....A London square whose wealthy residents have included Margaret Thatcher and Sean Connery has been crowned the most expensive in England and Wales with an average house price of nearly £17m. Eaton Square, in the upmarket Belgravia district of west London, topped a list dominated by addresses in the capital, according to an annual survey by Lloyds Bank. ...
MPs to test rules aimed at insuring against UK bank bailouts image
Source : Guardian [Read Article] Monday 19th of December 2016 10:57:39 AM
....The banking sector is to face fresh scrutiny from MPs, who are embarking on a new inquiry to examine rules put in place after the financial crisis in 2008 to prevent further billion-pound taxpayer bailouts. Andrew Tyrie, the Conservative MP who chairs the Treasury select committee, said the public had a right to know if they were protected from a repeat of the financial crisis, when £65bn was pumped into Royal Bank of Scotland and Lloyds Banking Group. ...
Forget The X Factor – Sunday night is prime time for online shopping image
Source : Guardian [Read Article] Friday 16th of December 2016 03:19:16 PM
....Sunday night at 8pm is now the peak time for online shopping, according to new data on the spending patterns of millions of consumers. Rather than being riveted to Planet Earth II or the X Factor final, data from Lloyds Bank suggests the British public are “second screening” on their sofas, shopping as much as watching. ...
HSBC shutting four bank branches a week image
Source : Guardian [Read Article] Wednesday 14th of December 2016 12:01:10 AM
.... HSBC told the Guardian it had closed 222 in 2016 alone, taking its current tally to 755. The second largest number of closures, according to Which?, was at the Royal Bank of Scotland group, which has closed 191 outlets, followed by Lloyds Banking Group – which includes the Lloyds, Halifax and Bank of Scotland brands – with 180 branch closures, Barclays with 132, the Co-operative Bank (117, 53% of its entire network), Santander (87) and TSB (18). ...
Government's Lloyds share sale takes stake to below 7% image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:13:07 AM
. The British government has cut its stake in Lloyds Banking Group to below 7%, raising the amount recovered to more than £17. ...
Lloyds Banking Group fails to meet 'fee-free' basic account guidelines image
Source : Guardian [Read Article] Monday 12th of December 2016 07:32:21 PM
. Lloyds Banking Group is failing to meet “fee-free” guidelines for millions of its basic bank accounts, which are typically held by people on low incomes. ...
Turn RBS into a building society says Co-op party chief image
Source : Guardian [Read Article] Sunday 11th of December 2016 02:00:28 PM
....The following year, the Liberal Democrats set out ideas to give shares to everyone on the electoral register. In 2013, the PolicyExchange thinktank published a proposal to allow 48 million taxpayers to apply for shares in both RBS and Lloyds Banking Group, possibly worth £1,650 per person, which they would pay for later. ...
Heard the latest Christmas story? It’s about how UK banks pay all their taxes | Prem Sikka image
.... It collected £43m in audit and consultancy fees from Barclays Bank and £32. 1m from Lloyds Banking Group and is fully aware of the tax strategies used by the finance industry. ...
Faster house price growth in November, says the Halifax image
Source : BBC [Read Article] Wednesday 7th of December 2016 09:44:51 AM
....Annual growth in UK house prices accelerated for the first time in eight months in November, a lender's figures show. The Halifax, part of Lloyds Banking Group, said property prices had risen by 6% compared with a year ago. ...
RBS fails Bank of England stress test image
Source : Guardian [Read Article] Wednesday 30th of November 2016 09:01:18 AM
.... “This will help ensure that underwriting standards don’t slip from responsible to reckless as they have during past periods of consumption-led growth,” said Carney. Three other banks, Lloyds Banking Group, HSBC and the UK arm of Santander, as well as Nationwide, were subjected to the tests which were introduced after the 2008 crisis. ...
RBS biggest failure in bank stress test image
Source : BBC [Read Article] Wednesday 30th of November 2016 07:40:07 AM
.... . The annual stress test gauges the financial strength and resilience of the UK's seven major lenders - Lloyds Banking Group, HSBC, Barclays, Royal Bank of Scotland (RBS), Santander, Standard Chartered and Nationwide Building Society. ...
Consumer and business confidence tumbles in November, surveys find image
Source : Guardian [Read Article] Wednesday 30th of November 2016 12:01:02 AM
....”. UK business confidence levels decreased by five points in November, according to the business barometer compiled by Lloyds Bank Commercial Banking. ...
Bank of England to reveal stress test results for UK's biggest banks image
Source : Guardian [Read Article] Sunday 27th of November 2016 03:05:46 PM
....The results will be the focus for investors. The banks being tested are Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, the UK arm of Spanish bank Santander and Standard Chartered, which is based in London but has most of its activities in emerging markets. ...
Treasury WILL launch sale of £100bn for student loans next SPRING image
Source : Daily Express [Read Article] Sunday 27th of November 2016 12:01:00 AM
....Additionally, the OBR expects the Government to raise £2. 5billion when it completes the disposal of the last remaining Lloyds Banking Group shares next year. ...
Where to find the best bank accounts for teenagers image
Source : Guardian [Read Article] Saturday 26th of November 2016 07:00:25 AM
.... You earn interest once you have £100 or more in the account. Meanwhile, both Lloyds Bank and TSB offer an Under 19s Account, paying 1. ...
Consumer credit sees fastest growth in 10 years image
Source : Guardian [Read Article] Thursday 24th of November 2016 11:50:14 AM
....”. Paul Gordon, managing director of credit cards at Lloyds Banking Group, said the figures suggested consumers “are proving relatively resilient in the face of continued uncertainty”. ...
Government stake in Lloyds Banking Group now less than 8% image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 03:03:37 PM
. The government’s stake in Lloyds Banking Group is now less than 8% – down from 43% at the time of its £20bn taxpayer bailout in 2008. ...
Government sells more shares in Lloyds Banking Group image
Source : BBC [Read Article] Tuesday 22nd of November 2016 08:58:48 AM
. The government has reduced its stake in Lloyds Banking Group to just below 8%, as it continues to try and return the lender to full private ownership. ...
Buy-to-let lending falls as tougher rules bite image
Source : Guardian [Read Article] Friday 18th of November 2016 12:43:50 PM
.... In higher priced property markets, such as London, the new tests have made buy-to-let borrowing prohibitively expensive. Santander and Barclays have already announced tougher rules on buy-to-let lending, and Lloyds Banking Group subsidiary Birmingham Midshires, the biggest lender to landlords, is to introduce new criteria for higher rate taxpayers over the next few weeks. ...
Three bank employees arrested in UK insider trading investigation image
Source : Guardian [Read Article] Friday 11th of November 2016 06:25:18 PM
.... Operation Tabernula culminated this year when a jury convicted former Deutsche Bank corporate broker Martyn Dodgson of insider dealing. Dodgson, who advised the government on its stakes in Royal Bank of Scotland and Lloyds Banking Group, was sentenced to four and a half years in prison. ...
Lloyds Banking Group to close 49 branches and cut 665 jobs image
Source : Guardian [Read Article] Wednesday 9th of November 2016 04:26:40 PM
. Lloyds Banking Group is cutting 665 jobs and closing 49 branches as it continues to cut costs in an attempt to complete its return to the private sector. ...
Taxpayer bailouts for banks 'too big to fail' to end by 2022 image
Source : BBC [Read Article] Tuesday 8th of November 2016 12:36:11 PM
....About 400 banks and building societies will have to hold a collective cushion of £223bn, raised by selling bonds (glorified IOUs) to investors, but the current shortfall is estimated at only £20bn. The new rules were first suggested in the aftermath of the 2008-2009 banking crisis when the UK government had to spend £115bn to rescue the Lloyds Banking Group and the Royal Bank of Scotland from imminent collapse. ...
Tesco Bank freezes transactions after cash taken from 20,000 accounts image
Source : Guardian [Read Article] Monday 7th of November 2016 08:52:08 AM
....Despite its more than 7 million customers who use services ranging from credit cards to small loans, Tesco Bank has just 137,000 current accounts. It has has been fighting to win current account business in a market that is traditionally dominated by the “big four” of Lloyds Banking Group, HSBC, Royal Bank of Scotland and Barclays. ...
Number of million-pound houses rises - survey image
Source : BBC [Read Article] Saturday 5th of November 2016 04:59:29 AM
....The number of houses sold for at least £1 million has risen by 12% in the first half of 2016 compared with the previous year, a report has suggested. But the average price of a top-end property is less than it was two years ago, according to Lloyds Bank. ...
FCA to investigate bank overdraft and loan fees image
Source : Guardian [Read Article] Thursday 3rd of November 2016 08:58:44 AM
.... “We intend to undertake further work to better understand how firms’ actions in one market may affect outcomes in another and how conduct and competition are affected by the links between different parts of the business model,” the FCA said. The move was welcomed by new players attempting to break the stranglehold that the big four – Lloyds Banking Group, Royal Bank of Scotland, HSBC and Barclays – have on the current account market. ...
PPI complaints continue to flood in at Ombudsman image
Source : BBC [Read Article] Thursday 3rd of November 2016 12:05:13 AM
....The main City regulator, the Financial Conduct Authority (FCA), has proposed June 2019 as a cut-off point for any new complaints to be lodged with banks, but the claims continue to pour in, both from individuals and claims management companies. Recently Barclays set aside an extra £600m for compensation costs and Lloyds Banking Group put aside a whopping £1bn extra. ...

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