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The Latest Breaking News from Lloyds Banking Group

Lloyds reveals stronger-than-expected profit as consumer confidence picks up

The banking giant reported a pre-tax profit of £1.8 billion between July and September.

Evening Standard

How much could you get back from your bank if you were tricked by a scammer?

Some account providers have said they will waive an optional excess of up to £100 on reimbursements and go beyond the new rules.

The Independent UK

Lloyds plans to shut another 55 bank branches

Move will take two-year closure total by 2026 to 292 and includes Halifax, Bank of Scotland and Lloyds brands

The Guardian - UK

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Boost for first-time buyers as Lloyds allows borrowing of up to 5.5 times income

The banking group said it is making £2 billion of lending available to first-time buyers borrowing more than 4.5 times their income.

The Independent UK

'Stop this madness': Lloyds bank summit disrupted by climate and Gaza protests

THE Lloyds Banking Group’s annual general meeting (AGM) has been disrupted by pro-Palestinian and climate activists ...

The National (Scotland)

Halifax in shock mortgage rate cut after most lenders raise prices

One broker called the change “a tactical moved timed perfectly”

Evening Standard

What did we learn about our banks this week?

City Voices: UK bank shares have been stock market laggards for years

Evening Standard

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Lloyds sets aside £450m for car loan fines and payouts

Bank’s profits rise 57% but it says there is ‘significant uncertainty’ over liability amid FCA investigation

The Guardian - UK

Lloyds and Santander accused of providing accounts for Iranian front companies

Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctions

The Guardian - UK

Bank agrees payout over mortgages that ‘ruined lives’

Out-of-court settlement reached with law firm acting for customers who have been left owing big sums

The Guardian - UK

Full list of Lloyds Bank and Halifax closures, as Lloyds set to shut 123 branches

About 1,600 jobs will be cut, though junior employees are not expected to be affected and there will be some voluntary redundancies

Evening Standard

The week in audio: Exposed: The Ashley Madison Hack; Making Sense of Social Housing; Ian Hislop’s Oldest Jokes – review

Not enough users of the hacked infidelity website share their stories; more on the UK’s housing crisis; and a philology of funnies

The Guardian - UK

Savings passbooks popular as Britain turns to cash amid cost of living crisis

While some banks and building societies scrap system, others report increase in usage by customers

The Guardian - UK

Lloyds Bank Cuts Almost 800 Jobs In Online Switch

British retail lender Lloyds Banking Group on Thursday announced a net reduction of almost 800 jobs, as it slashes branch staff but boosts customer services.

International Business Times

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The Guardian - UK

UK car finance: ‘millions of drivers could get payout’ as watchdog investigates

FCA to examine whether consumers have been charged inflated loan rates on new and secondhand cars

The National (Scotland)

Scotland's financial technology sector witnesses major jobs increase

SCOTLAND’S financial technology sector has seen a significant increase in jobs with more than 10,500 people now employed in the industry.

The Guardian - UK

UK mortgages: trial to rule on deals that left people with huge debts

Decades after shared appreciation mortgage launch, case brought by law firm due to reach high court

The National (Scotland)

Bank of Scotland announces closure of four more branches

FOUR Bank of Scotland branches are set to be closed next year.

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The Independent UK

Lloyds, Halifax and Bank of Scotland to shut another 45 branches

The Lloyds Banking Group-owned brands will close the branches next year, starting in March and April.

The Guardian - UK

Top Tory strategist’s lobbying firm advising Daily Mail owners on Telegraph bid

Exclusive: Isaac Levido’s company, Fleetwood Strategy, is helping DMGT navigate potential acquisition of rightwing broadsheet

The Guardian - UK

More than 2,500 jobs at risk in Lloyds shake-up

Exclusive: UK’s largest high-street bank preparing review of middle-management roles in response to expected income squeeze

The Guardian - UK

Abu Dhabi-backed fund says it will take control of Telegraph and Spectator

RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family

The Guardian - UK

MPs want UK national security law used to vet Barclay family’s Telegraph offer

Financing from Abu Dhabi investors secured for bid but use of overseas sovereign wealth questioned

The Hindu

Lloyds Banking Group tech centre in Hyderabad commences operations

Lloyds Banking Group has set up a Technology Centre in Hyderabad as part of a 3 billion pound investment to transform its digital offering. It will recruit 600 specialists in tech, data and cybersecurity roles and become a hub for modern engineering excellence. It will focus on using tech, digital,…

The Guardian - UK

Banks face $2bn Twitter losses says report; Canary Wharf owners inject £400m – as it happened

Live, rolling coverage of business, economics and financial markets as Lloyds Banking Group says UK house prices to fall and Boeing cuts 737 Max target

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