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....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. ... [Read full article on BBC ]
Friday 21st of April 2017 09:24:52 AM
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....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. ... [Read full article on BBC ]
Friday 21st of April 2017 05:01:52 PM
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. Lloyds Banking Group has reported a rise in profits in the three months to the end of March, despite a "challenging" environment. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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.... 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. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:37:04 PM
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....7bn just before the government introduced the measure. Lloyds Banking Group shares rose 2. ... [Read full article on BBC ]
Thursday 27th of April 2017 08:13:10 AM
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....The government has recouped the £20. 3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said. ... [Read full article on Guardian ]
Friday 21st of April 2017 05:00:20 PM
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. 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. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:33:22 AM
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. Lloyds Banking Group has appointed a retired high court judge to investigate its handling of fraud at its HBOS branch in Reading. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 11:03:08 AM
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. Lloyds Banking Group’s bad and impaired loans stand at historically low levels. ... [Read full article on Guardian ]
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Latest Finance News related to Lloyds Bank

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. ...
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. ...

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