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The Latest Breaking News from Lloyds

Reeves bids to intervene in car finance case that could cut lenders’ £30bn bill

Shares in Lloyds and Close Brothers rise as Treasury seeks to tell court that lawsuit could cause economic harm

The Guardian - UK

'Come To Office Twice A Week Or Lose Your Bonus!': Major British Bank Cracks Down On WFH

Lloyds Bank may reduce bonuses for senior staff who fail to meet the new requirement of working in the office at least two days a week.

International Business Times UK

Lloyds to close Scottish office as 1500 workers impacted amid costs cutting plans

LLOYDS has announced a series of major changes across the banking group which will see more than 1000 roles impacted as it accelerates plans to cut…

The National (Scotland)

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Lloyds to close second UK office and cut roles as part of major shake-up

Hundreds of roles will be removed, while new ones will be created as part of the overhaul.

The Independent UK

Lloyds bank to shut Liverpool office with 500 workers impacted

Lloyds said it has not cut jobs as part of the closure plans but will require around 100 staff to relocate to Chester.

The Independent UK

Lloyds Bank will tie its senior bankers’ 2024 bonuses to their office attendance

Lloyds Bank employees will get paid bonuses next month—and 2-day in-office minimum attendance will be one of the factors taken into account.

Fortune

Lloyds bankers could face bonus cuts unless they turn up to office at least two days a week

The approaching end of hybrid working being dominant in finance roles has been apparent for some time

The Independent UK

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Lloyds bankers could face bonus cut if not in office two days a week

Group reviews office attendance as part of performance-related bonus targets for senior employees

The Guardian - UK

Lloyds, Halifax and Bank of Scotland to share bank branches but union fears it means more closures

Lloyds Banking Group, which owns all three brands, said the changes were good news for customers as it gives them more choice and flexibility.

The Independent UK

Lloyds, Halifax and Bank of Scotland to share bank branches in latest shake-up

Lloyds Banking Group, which owns all three brands, said the changes were good news for customers as it gives them more choice and flexibility.

Evening Standard

Lloyds to let customers use Halifax and BoS branches, raising job cut fears

Account holders at the group’s three brands will be able to use any of their locations, but unions fear site closures

The Guardian - UK

January sales warning issued to bargain hunters by major bank

Lloyds Banking Group recorded a jump in the number of rogue retailers being identified in January last year.

The Independent UK

Most expensive streets to live in UK: homes on priciest London street cost 60 times national average

The country’s 10 most expensive streets are all in the capital and have an average price tag of £16.5 million

Evening Standard

Lloyds advert banned for making false environmental claims

Watchdog ruled social media post failed to provide balanced information over bank’s ongoing financing of polluting industries

The Guardian - UK

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Evening Standard

Lloyds Bank advert banned over ‘misleading’ low carbon claims

The ASA found the ad left out material information about the bank’s financing of greenhouse gas emissions and was ‘likely to mislead’ consumers.

The Independent UK

Big banks urged to step up on sustainable finance in 2025

ShareAction warned the banks they can expect to see shareholder action next year if they fail to meet investor expectations for greener practices.

Evening Standard

FTSE finishes higher after banking stocks boosted by motor finance appeal

The FTSE 100 finished 21.26 points, or 0.26%, higher to end the day at 8,301.62.

The Guardian - UK

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

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The Independent 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 Guardian - 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

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

Evening Standard

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.

MusicRadar

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

The Guardian - UK

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

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

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