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The Latest Breaking News from Lloyds

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

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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

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 Guardian - UK

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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.

The Independent UK

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.

Evening Standard

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

The Guardian - UK

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.

Evening Standard

Lloyds' brand refresh is a powerful symbol of progression

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

Creative Bloq

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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

The Guardian - 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

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The Independent UK

Small businesses complain of losing money after card payment outage

Retailers and wholesalers were urgently seeking support from providers as they said they were unable to accept card payments on Thursday.

The Guardian - UK

UK government links with Barratt and Lloyds for £150m housebuilding project

Homes England joint venture will help towards aim to build 1.5m new homes over next five years

The Guardian - UK

Lloyds Bank raises borrowing limit for first-time buyers

Group will provide mortgages worth up to 5.5 times household income – and other lenders could follow suit

The Independent UK

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.

Evening Standard

Bank of England seeks action from Britain's biggest banks on crisis plans

Threadneedle Street eyes lessons to be learned after SVB and Credit Suisse demise

The Independent UK

Premier League football fans urged by major bank to watch out for ticket scams

Last season people lost £177 on average, with some fans losing more than £1,000, Lloyds Bank said.

Evening Standard

Bank branch closures, August 2024: full list of UK sites shutting including Lloyds, Halifax and Barclays

A host of big name banks are closing their doors for good at a number of sites around the UK in the coming weeks

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