Lloyds profits fall as it targets wealth push Lloyds Banking Group's outgoing chief executive António Horta-Osório has set out fresh targets to expand the lender's insurance and wealth business and further cut costs ... Business • 24 Feb
Credit Suisse picks outgoing Lloyds CEO as new chairman Credit Suisse said today it has proposed outgoing Lloyds Banking Group chief executive António Horta-Osório as its candidate to succeed Urs Rohner as chairman after ... Business • 01 Dec 20
Lloyds steps up job cuts with more than 1,000 layoffs Britain's biggest domestic bank Lloyds said it is cutting 1,070 jobs, accelerating redundancies despite a return to profit in the third quarter. Business • 04 Nov 20
Lloyds' Q3 profit boosted by home loan lending boom Lloyds Banking Group has today posted forecast-beating third quarter profit, cashing in on a coronavirus-driven boom in demand for mortgages as it lowered its provisions ... Business • 29 Oct 20
Covid pushes Lloyds into the red as bad debt fears rise Lloyds Banking Group has reported a rare pretax loss in the first half of 2020, after setting aside a bigger than expected £2.4 billion second ... Business • 30 Jul 20
Lloyds Bank CEO to step down in 2021 Lloyds Banking Group chief executive António Horta-Osório will step down next year after spending a decade at the helm, the lender said today as it ... Business • 06 Jul 20
Lloyds Q1 profits hit by £1.4 billion virus provision Lloyds Banking Group's pretax profit was all but wiped out in the first quarter, after it became the latest lender to be hobbled by provisions ... Business • 30 Apr 20
British bank bosses take pay cuts amid virus fallout Top executives at British lenders HSBC, Standard Chartered and NatWest have said they would take salary cuts after pressure on bankers to show solidarity with ... Business • 09 Apr 20
Halifax call centre closed in the North on virus case Halifax has shut a call centre in Northern Ireland that employs 1,000 people after a member of staff tested positive to coronavirus. Business • 10 Mar 20
Lloyds Bank reports 26% drop in profits due to PPI fine Lloyds Banking Group has revealed that annual profits slumped by more than a quarter after it was hit by a #2.5 billion bill for the ... Business • 20 Feb 20
Lloyds criticised for mistreating victims of fraud Lloyds Banking Group has been heavily criticised for mishandling a compensation scheme for victims of one of Britain's biggest banking scandals in a report published ... Business • 10 Dec 19
Barclays joins rivals with cuts to CEO pension perks Barclays is planning to cut the £396,000 pension allowance it pays chief executive Jes Staley by around half. Business • 28 Nov 19
Lloyds profits miss expectations on PPI provisions The UK's biggest mortgage lender Lloyds Banking Group has posted weaker-than-expected third quarter pre-tax profits, after making a further £1.8 billion provision for mis-sold loan ... Business • 31 Oct 19
Lloyds warns PPI could cost it an extra £1.8 billion Lloyds Banking Group will make extra provisions for payment protection insurance (PPI) claims of between £1.2-1.8 billion in its third quarter results and is suspending ... Business • 09 Sep 19
Lloyds lands £3.7 billion Tesco Bank mortgage portfolio Lloyds Banking Group has agreed to buy Tesco Bank's £3.7 billion UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ... Business • 03 Sep 19
Lloyds fined £45m over HBOS fraud disclosure failings The UK financial watchdog has fined Lloyds Banking Group £45.5m for failures at one of its businesses to disclose suspicions of fraud. Business • 21 Jun 19
Lloyds to create 500 jobs in Edinburgh Lloyds Banking Group is to create 500 jobs at a new tech hub in Edinburgh. Business • 20 May 19
Lloyds Bank to pay quarterly dividends Britain's biggest domestic lender Lloyds Banking Group said today it would pay quarterly dividends from the first quarter of 2020. Business • 16 May 19
Lloyds Bank posts robust Q1 profits despite Brexit woes Britain's biggest mortgage lender Lloyds Banking Group today posted robust first quarter profits against a backdrop of cooling house prices and dwindling confidence among its ... Business • 02 May 19
Lloyds Banking Group starts share buyback programme Lloyds Banking Group said today it had started a previously announced share buyback programme worth up to £1.75 billion of ordinary shares. Business • 01 Mar 19
Lloyds Bank downplays Brexit fears as profits rise Lloyds Bank today shrugged off fears of a chaotic, no-deal Brexit and pledged to keep pumping credit into the economy regardless of the outcome of ... Business • 25 Oct 18
Schroders, Lloyds in talks on wealth sector deal Europe's biggest standalone investment firm Schroders said it was in talks with Britain's biggest bank Lloyds to work together in the wealth sector. Business • 08 Oct 18
Lloyds plans 3 EU subsidiaries after Brexit - sources Lloyds Banking Group plans to operate three subsidiaries in Europe after Britain leaves the EU, according to a source familiar with the matter. Business • 17 Jul 18
Lloyds Bank attacked over mistreatment of customers Lloyds Banking Group faced a barrage of allegations of poor customer service and withholding misconduct compensation today, laying bare the task of rebuilding customer trust ... Business • 24 May 18
Lloyds sells Irish mortgage book to Barclays for £4bn Lloyds Banking Group has sold its Irish residential mortgage portfolio to Barclays for around £4 billion in cash, as part of a plan to focus ... Business • 18 May 18
