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The Latest Breaking News from Lloyds

Claims management companies circle after UK court ruling on mis-sold car finance

Specialist law firms and CMCs could be in line for massive payday with their cuts from consumer compensation

The Guardian - UK

Warning after scammers pretending to work for Monzo pocket woman’s £6,000 savings

Scammers pretending to work for online bank Monzo tricked a young professional into handing them her bank cards before stealing her life savings of more than £6,500.

The Independent UK

UK bank fraud victims could face £100 excess on refund claims

Despite new rules, many lenders have decided to implement the optional exemption

The Guardian - UK

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Santander puts aside £295m for car loan mis-selling

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal

The Guardian - UK

Lloyds Bank launches tool to help eligible customers claim benefits

Universal credit, council tax discounts and child benefit are among the most common financial support identified by the tool so far, the bank said.

Evening Standard

Online fraudsters scamming 100s of Oasis fans: Lloyds Bank reveals £1,000s are being stolen via fake ads and social media posts

Online scammers are targeting Oasis fans desperate for tickets

MusicRadar

Oasis fans defrauded by scammers have lost £346 on average, bank reports

Lloyds Bank says ‘hundreds’ of its customers are victims of fraud – with 90% of cases starting on social media

The Guardian - UK

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Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

The Guardian - UK

Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance

Industry and Treasury hold urgent talks after court of appeal rules consumers were mis-sold loans

The Guardian - UK

Santander UK delays results as it considers landmark car loan ruling

Some analysts say court of appeal ruling on mis-selling could cost the bank £1.1bn

The Guardian - UK

Oil prices tumble as ‘hopes of de-escalation’ in Middle East rise

The FTSE 100 moved 36.78 points higher, or 0.45%, to close at 8,285.62.

Evening Standard

Lloyds ‘assessing’ impact of landmark court ruling on car loans

Lender holds about £15bn in loans through Black Horse and could have to pay compensation for mis-selling

The Guardian - UK

Lloyds ‘assessing impact’ of key car finance ruling in favour of consumers

Shares in the bank plunged last week after judges sided with customers in a row over commissions in the industry.

Evening Standard

FTSE 100 ends week in the red as investors look to upcoming Budget

Chancellor Rachel Reeves will deliver the spending statement on October 30, with several tax hikes mooted.

The Independent UK

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The Guardian - UK

Consumers win UK car finance case that could lead to billions in compensation

Judges in test case rule it was unlawful for lenders to pay commission to car dealers without borrowers’ knowledge

The Independent UK

Lloyds customers can show a QR code to request money back from friends or family

The Link Pay scheme removes the need to dig out a sort code and account number when someone owes money, Lloyds Bank said.

Evening Standard

NatWest earnings jump by a third as mortgage lending grows

NatWest joins Lloyds and Barclays in unveiling higher profits than analysts were expecting this week.

Evening Standard

FTSE drops further as pound slides to two-month low

London’s top index finished 47.90 points, or 0.58%, lower to end the day at 8,258.64.

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The Guardian - UK

Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

Evening Standard

Lloyds finance chief says UK bank sector needs ‘competitive, stable’ tax regime

Finance chief William Chalmers said the bank would welcome a Budget that aligns with the Government’s ‘pro-growth agenda’.

Evening Standard

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.

Creative Bloq

Lloyds' brand refresh is a powerful symbol of progression

It’s the banking brand’s biggest multi-channel ad campaign to date.

The Guardian - UK

UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economy

The Guardian - UK

Nationwide to allow first-time buyers to borrow six times their earnings

Building society ramps up mortgage price war with ‘gamechanging’ move, as it also cuts rates

The Guardian - UK

Lloyds sent my £37,000 to the Duchy of Cornwall and I can’t get it back

I changed my business to sole trader status. The next thing I knew, my firm had been deemed ‘dissolved’ and my money given to the state

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