News | Latest Breaking News Stories & Headlines

Bank of Scotland signage outside a bank branch on a street

Bank of Scotland fined for breaking UK's Russia sanctions

Bank of Scotland, part of Lloyds Banking Group, has been fined £160,000 for breaching Britain's financial sanctions regime after it opened an account for a previously high-ranking Russian government figure who was a designated person on the UK's sanctions list.

Business • 27 Jan

The Bank of England has completed its second 'resolvability' check of UK banks

UK banks could be dismantled smoothly in a crisis - BoE

Britain's top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said today following its second "resolvability" check of the lenders.

Business • 06 Aug 24

Lloyds in June seized control of the parent company of the Daily and Sunday Telegraph and political magazine The Spectator

Daily Mail in talks with investors over Telegraph bid

The Daily Mail and General Trust has registered its interest with British bank Lloyds for a potential bid for The Telegraph, a spokesperson told Reuters over the weekend.

Business • 14 Aug 23

The Bank of England said that none of the eight UK banks would need to submit a revised capital plan

Eight UK banks have enough capital - Bank of England

The Bank of England said today its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

Business • 12 Jul 23

Russian forces fired missiles at several cities in Ukraine and landed troops on its coast today

European finance industry warns on Ukraine move

Europe's financial sector scrambled today after Russia invaded Ukraine, with Allianz disclosing it had frozen its Russian government bond exposure and UK bank Lloyds saying it was on "heightened alert" for cyberattacks.

Business • 24 Feb 22

Lloyds has reported a pretax profit of £6.9 billion for 2021, below expectations of £7.2 billion

Lloyds profit recovery marred by fraud costs

Britain's largest high street bank Lloyds has posted a jump in annual profits but was dented by further costs for past misdeeds, as the lender laid out a fresh strategy under new CEO Charlie Nunn.

Business • 24 Feb 22

Barclays said it has already lined up a group of investors to buy the former Lloyds loans

Barclays to sell on £4 billion Irish loan book

Barclays will package up and sell on the £4 billion worth of Irish home loans that it bought from UK rival Lloyds today.

Business • 18 May 18

Lloyds said the UK government had reduced its stake in the bank by about 1% to 7.99%

UK government further cuts its stake in Lloyds

Britain has cut its stake in Lloyds Banking Group to just below 8% in a renewed attempt to return the lender to full private ownership over the next year.

Business • 22 Nov 16

A statement from Lloyds said there will be a net reduction of 525 jobs when newly created roles are included

Lloyds plans to axe 640 jobs amid scale back

Lloyds Banking Group plans to axe about 640 jobs, sources close to the matter have said, as Britain's largest mortgage lender continues to scale back its branch network and workforce.

Business • 29 Jun 16

Plans to sell stakes in RBS and Lloyds this year are now off the table, sources say

Sale of RBS and Lloyds stakes on hold after Brexit

The UK government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said.

Business • 28 Jun 16

Lloyd's said that it was making contingency plans for a so-called Brexit

Lloyd's of London wants UK to remain in EU

Lloyd's of London, the centuries-old insurance market, has argued that Britain's continued EU membership would be the "better outcome" for the group in the looming June referendum.

Business • 23 Mar 16

Lloyds needed to tap £20.5 billion from UK taxpayers to avert collapse at the peak of the financial crisis in 2008

UK government plans £2 billion Lloyds share sale

Britain's finance ministry will sell at least £2 billion in Lloyds Banking Group to retail investors in spring 2016 as part of plans to return the bank to full private ownership.

Business • 05 Oct 15

The British government's stake in Lloyds has fallen from 24.9% in December to 12.97%

Britain sells another 1% of Lloyds shares

The British government has sold another 1% chunk of Lloyds Banking Group, taking its stake in the lender to less than 13%.

Business • 24 Aug 15

Bank of England says UK banks should be tested regularly to check they have sufficient capital to withstand market shocks

UK banks pass BoE stress tests, apart from Co-Op

All Britain's main banks would be able to withstand a sharp fall in house prices, other than the troubled Co-Operative Bank, the Bank of England said today.

Business • 16 Dec 14

Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland are the biggest banks in the UK

Major UK banks face competition probe

A full-blown competition investigation is to take place into the dominance the UK's major banks have over personal and business accounts.

Business • 06 Nov 14

EBA test shows that Lloyds would hold a core Tier 1 capital ratio of 6.2% under its stress test scenarios

Lloyds narrowly passes EBA stress test

The Lloyds Banking Group narrowly passed a test set by European regulators to assess whether banks have enough capital to weather another economic crash.

Business • 26 Oct 14

Lloyds, which owns Bank of Scotland, has finalised contingency planning ahead of the vote on Scottish independence

Lloyds could move if Scots vote for independence

Lloyds Banking Group is considering having its registered office in London rather than Edinburgh should Scots vote for independence.

Business • 03 Sep 14

The British state still owns a quarter of the Lloyds Banking Group

Britain mistakenly signals Lloyds share sale

Britain's finance ministry has mistakenly released potentially market-moving information and blamed a website error for erroneously saying it planned to sell £4bn of shares in Lloyds Banking Group.

Business • 30 May 14

Apollo buys a portfolio of Irish home loans from Lloyds Banking Group for £257m sterling

Apollo buys £257m of Irish home loans from Lloyds

US private equity firm Apollo has bought a portfolio of Irish home loans from Britain's Lloyds Banking Group for £257m sterling.

Business • 06 Dec 13

Aberdeen Asset Management deal for Lloyds' fund management arm Scottish Widows

Aberdeen buys Scottish Widows from Lloyds

Aberdeen Asset Management is to buy Lloyds' fund management arm Scottish Widows for about £660m.

Business • 18 Nov 13

Lloyds CEO Antonio Horta-Osorio says government housing initiative needs "tweaking"

Lloyds boss warns of UK housing bubble

The boss of Lloyds has warned that the UK government's Help to Buy scheme risks creating a dangerous house price bubble unless it is matched with a boost in housebuilding.

Business • 14 Oct 13

Lloyds shares are well above the price that would see the Britain break-even on its bailout

Lloyds shares reach 3-year high on sale rumours

Shares in British taxpayer-backed Lloyds Banking Group have reached a three-year high amid mounting speculation that the country’s government is poised to push the button on its stake sale.

Business • 10 Sep 13

Overseas investors step up their interest in buying part of the UK banking group

Lloyds shares rise on overseas buyers' interest

Lloyds Banking Group shares have jumped to a two and a half year high as overseas investors stepped up their interest in buying part of the bank.

Business • 08 Jul 13

Shares in Lloyds have been trading above the British government's 'break even' level in recent weeks

Britain begins process of selling bank shares

The British government has begun the process of selling off its stake in RBS and Lloyds Bank, which it acquired as part of a bailout of the two distressed banks.

Business • 28 Jun 13

George Osborne has been under pressure to explain his plan for the bailed-out banks

George Osborne to outline plan for RBS & Lloyds

The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes.

Business • 19 Jun 13