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The Latest Breaking News from Lloyds Banking Group

Bank surcharge slashed but ‘so-called cut’ means 1% tax rise for sector

Lloyds Banking Group and NatWest saw shares rise by about 1.5% after the Treasury confirmed that the tax on banks’ profits would be cut from April.

The Independent UK

Scottish Widows appoints new chief executive

Scottish Widows appoints new chief executive

The appointment follows Antonio Lorenzo’s decision to retire in 2023

FTSE 100 Live: Amazon shares plunge, gas prices plummet 60%, Euro dips

FTSE 100 Live: Amazon shares plunge, gas prices plummet 60%, Euro dips

Amazon’s slide in value and Elon Musk’s Twitter takeover have led to a dramatic few hours in Wall Street’s Big Tech sector.

Evening Standard

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Benzinga's Top Ratings Upgrades, Downgrades For October 17, 2022

Former shadow chancellor joins TheCityUK chair for Scottish financial services awards

Annual celebration's shortlist highlights the 'strength and diversity' of the sector

The City’s five biggest banker bonuses since 2006

Big paydays for the financial sector could be here again as the chancellor considers abolishing the bonus cap

The Guardian - UK

Abrdn announces pre-tax loss of £320m for first half of 2022

Investment group goes into red amid ‘market turbulence’ and withdrawal of £24bn linked to cancelled Lloyds deal

The Guardian - UK

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Recession fears grow as bad debts jump at Lloyds Bank

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

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

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

Lloyds lays bare impact of soaring inflation on everyday customers

Lloyds lays bare impact of soaring inflation on everyday customers

Families spending on average £89 more a month on energy, food and fuel than before pandemic, says bank

The Guardian - UK

FTSE 100 Live: Fed rates rise, Lloyds and GSK lift 2022 guidance

FTSE 100 Live: Fed rates rise, Lloyds and GSK lift 2022 guidance

The US Federal Reserve has increased benchmark borrowing costs by 0.75% for the second time in a row, in the latest sign of the stronger measures being taken by central banks to try and tame runaway inflation.

Evening Standard

Lloyds and Halifax to shut 66 branches - full list of closures

Lloyds and Halifax to shut 66 branches - full list of closures

The closures will take place between October 2022 and February 2023

Manchester Evening News

Full list: Lloyds bank and Halifax announce a further 66 branches set to close

Full list: Lloyds bank and Halifax announce a further 66 branches set to close

Lloyds Banking Group has announced a further 66 branch closures - that's on top of closures already announced in recent months

Birmingham Post

2 Nottinghamshire bank branches confirm they will close

2 Nottinghamshire bank branches confirm they will close

They're two of 66 bank branches to shut across the UK

Nottingham Post

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Halifax and Lloyds to shut 66 more bank branches - the full list

Closures to take place later this year and into 2023

Lloyds and Halifax to shut another 66 bank branches later this year - see full list

Lloyds Banking Group will close 48 Lloyds Bank branches and 18 Halifax outlets between October 2022 and February 2023. See the full list of affected places below

Six high street banks broke strict competition rules and 'let customers down'

Bank of Ireland, Barclays, HSBC, Lloyds Banking Group, Metro Bank and NatWest will make changes, the Competition and Marketing Authority said

The cost of living support that banks across the UK are offering

Most banks are providing guidance as well as online tools that can help you manage your money.

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Police refer Noel Edmonds case against HBOS to the CPS

Case relating to historic Reading branch fraud will be considered as to whether it is in the public interest to prosecute

The Guardian - UK

Will my home sale proceeds be protected in my bank account?

Conveyancer will only deposit funds into one account and I may need time to divvy it up elsewhere

Looking Into Lloyds Banking Group's Recent Short Interest

Lloyds Banking Group's (NYSE:LYG) short percent of float has fallen 50.0% since its last report. The company recently reported that it has 4.29 million shares sold short, which is 0.02% of all regular shares that are available for trading.

Evening Standard

Scottish Widows appoints Wheway chair

He will retain lead at Centrica but step down from senior AXA UK role

The Independent UK

Trainer scammers ‘hotfooting it away’ with victims’ cash

Lloyds Bank said the volume of footwear-related purchase scams reported by customers this year had soared by 112%.

The Guardian - UK

Victims of one of UK’s biggest banking frauds ‘to be offered £3m compensation’

HBOS, now part of Lloyds Banking Group, was involved in major fraud at its Reading branch in early 2000s

Lloyds Bank in Whickham set to close for good in September

Falling customer use leads to High Street branch becoming one of the latest victims of Lloyds' nationwide cuts programme

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