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The Latest Breaking News from Lloyds Banking Group

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

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

Insider UK

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

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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

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

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

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

Wales Online

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

Daily Mirror

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

Wales Online

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.

Daily Record

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

Insider 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

The Guardian - UK

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.

Benzinga

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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

Chronicle Live

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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Nottingham Post

Disappointment in Hyson Green where community left 'without bank' as Lloyds announces more closures

"Even if they leave the cash machine, that would be a godsend"

Liverpool Echo

Full list of Lloyds and Halifax branches to shut down this year

With 60 closures already announced earlier this year, union Unite has condemned the move as ‘inexcusable’

Wales Online

Lloyds and Halifax branches to close - full list

The group said usage had plummeted over the past five years

Birmingham Post

Full list of 28 more Lloyds and Halifax branches that are set to close

The group announced the closure of 60 branches in March

Daily Mirror

Lloyds and Halifax closing 28 more bank branches - see full list of places

Lloyds will be closing 20 branches and Halifax eight, with 69 staff affected, on top of the 60 closures announced earlier in the year, as the union Unite condemns the move as 'inexcusable'

Birmingham Post

Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK's most powerful part-time workers

The 2022 Power List by flexible working agency Timewise highlights people who are building their careers while working part time

The Independent UK

Halifax apologises after wrongly telling customers base rate had changed

Customers of Halifax and Lloyds Bank, which is in the same banking group, were affected by the error.

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