The Latest Breaking News from Charlie Nunn

Recession fears grow as bad debts jump at Lloyds Bank

FEARS about the UK tumbling into recession grew today when the UK’s biggest domestic bank set aside hundreds of millions of pounds to cover loan defaults.

Evening Standard · Jul 27, 2022

Lloyds profits fall as it sets aside £377m for loan defaults over living costs

Hal-year results also reveal that customers are ditching subscription services in the face of rising inflation

Insider UK · Jul 27, 2022

Demand for debt services by Lloyds customers jumps 30%

Three-quarters of bank’s 26m UK customers fear rising prices with 80% holding less than £500 in savings

The Guardian - UK · Jul 6, 2022

Lloyds boss Charlie Nunn paid £5.5 million for six month’s work

PROFITS at Lloyds Bank rocketed and it spent £2 billion on buying back its own shares, results that may increase pressure for a windfall tax on the banking sector.

Evening Standard · Feb 24, 2022