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Lloyds Banking Group is the UK's biggest domestic lender

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 for expected bad loans due to the pandemic.

Business • 29 Oct 20

Lloyds is searching for a new CEO to help steer it through the economic fallout from the Covid-19 pandemic

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 quarter provision to cover a potential hike in bad loans due to the coronavirus.

Business • 30 Jul 20

António Horta-Osório has been in charge of Lloyds for almost a decade

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 appointed industry veteran Robin Budenberg as its new chairman.

Business • 06 Jul 20

Lloyds Banking Group today reported pre-tax profits of £74m, down from £1.6 billion the previous year

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 against expected bad loans due to the coronavirus pandemic.

Business • 30 Apr 20

The Bank of England is piling pressure on UK banks by requesting all major lenders scrap cash bonus payments to executives

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 customers struggling to make ends meet during the coronavirus crisis.

Business • 09 Apr 20

The Halifax call centre employs 1,000 people

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 Banking Group was hit with a £1.8 billion fine relating to the payment protection insurance scandal

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 payment protection insurance (PPI) scandal.

Business • 20 Feb 20

Lloyds Banking Group has paid £102m in compensation to 71 businesses and 191 directors over the fraud

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 today.

Business • 10 Dec 19

Barclays set to cut the £396,000 pension allowance it pays its CEO Jes Staley

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

Lloys Banking group has made a further £1.8 billion provision for mis-sold loan insurance payouts

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 insurance payouts.

Business • 31 Oct 19

UK banks are setting aside more money for PPI following a rush of claims against mis-selling of the insurance

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 its 2019 share buyback programme.

Business • 09 Sep 19

Lloyds Banking Group to buy Tesco Bank's £3.7 billion UK residential mortgage portfolio

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 ultra-competitive market for home loans.

Business • 03 Sep 19

Halifax Bank of Scotland (HBOS) was involved in one of Britain's biggest ever banking frauds in the early 2000s

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

The move is aimed at distributing income to Lloyds' 2.4 million shareholders more regularly and efficiently

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 Banking Group has reported an after tax profit of £1.2 billion for the first three months of 2019

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 borrowers.

Business • 02 May 19

Lloyds's share buyback programme is worth up to £1.75 billion of ordinary shares

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 said it had seen no change in customers' ability to repay debt

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 negotiations between Brussels and London.

Business • 25 Oct 18

Investment firm Schroders in talks with Britain's biggest bank Lloyds to work together in the wealth sector

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 Banking Group is the UK's biggest mortgage lender

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 ' black horse has become a symbol of the dark forces in banking', the lenders shareholders hear

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 after years of reputational damage.

Business • 24 May 18

Lloyds in deal to sell its Irish residential mortgage portfolio to Barclays for £4 billion in cash

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 on its core UK market.

Business • 18 May 18

Lloyds Banking Group reports pre-tax profit of £1.6 billion in the first quarter

Lloyds Bank just misses Q1 profit forecast

Britain's biggest mortgage lender Lloyds Banking Group has reported pre-tax profit of £1.6 billion in the first quarter, just missing analyst expectations of £1.82 billion.

Business • 25 Apr 18

Lloyds chief executive Antonio Horta-Osorio today unveiled a new three-year strategic plan for the bank

Lloyds Banking Group posts 24% jump in annual profits

Lloyds Banking Group has hailed a "landmark year" as it posted a 24% surge in profits and unveiled plans to invest more than £3 billion as part of a new three-year strategy.

Business • 21 Feb 18

Standard Life Aberdeen currently manages the assets for Lloyds' insurance and wealth units

Lloyds axes £100 billion Standard Life Aberdeen deal

Standard Life Aberdeen has been served notice on a £109 billion asset management deal by its biggest client, Lloyds Banking Group, further denting shares in the recently-merged group.

Business • 15 Feb 18