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The Latest Breaking News from Lloyds

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

Global share rally triggered by AI boom; UK and eurozone business activity picks up – as it happened

Japan’s Nikkei hits all-time closing high, European shares hit record high after stellar results from US chipmaker Nvidia

The Guardian - UK

Lloyds Bank sets aside £450m for car loan investigation

LLOYDS BANK offered a positive view of the UK economy this morning, with booming profits and low impairment charges on bad debts.

Evening Standard

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FTSE 100 Live 22 February: Nvidia powers S&P 500 to new record, 'UK recession over', London index closes up

The latest blockbuster results by semiconductor giant Nvidia have given global markets a lift, with the Nikkei 225 at a record high early today.

Evening Standard

U-turn and profits dip add up to tricky sell for Barclays

With rivals HSBC and Lloyds set to announce healthy earnings, it will be a tough week for the bank’s boss

The Guardian - UK

The Body Shop staff fear company will be broken up, risking 2,200 jobs

Aurelius, the German restructuring specialist, has broken up two other UK retailers

The Guardian - UK

Britain's 'big five' banks prepare to deliver record-breaking total profits

Bank shares languish well below pre financial crisis levels despite the profits revival

Evening Standard

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Government 'asleep at the wheel' over claims of Iran sanction busting, MP warns

Lloyds and Santander UK deny wrongdoing after report that they were used by an Iranian state entity

Evening Standard

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

Santander, Lloyds Shares Drop as Iran Evades Sanctions

Shares of Santander and Lloyds dropped as a result of a report stating that Iran had utilized the banks' accounts to circumvent international sanctions.

Top News

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

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

Lloyds to cut 1,600 jobs across branches in shift to online banking

Overhaul likely to raise concerns for UK bank’s 2m customers who rely on branches to manage accounts

The Guardian - UK

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Fortune

Former bank manager stands to scoop $637K settlement after being fired for using the N-word in anti-racism class

Ex-Lloyds banker Carl Borg-Neal says being a white middle-aged man is ‘the worst thing you can be’.

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

Top News

UK Business Confidence Dips in December, Economic Concerns Linger

UK business confidence takes a tumble in December as economic worries overshadow hopes for growth, according to Lloyds Bank. Read more here!

The Guardian - UK

Why won’t MBNA send me paper statements?

It is pressing me to receive statements digitally, because of some unspecified ‘issues’

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The Guardian - UK

Barclay family regains control of Telegraph after Abu Dhabi helps pay debt

Planned takeover still requires government approval despite Lloyds receiving funds owed

The Independent UK

Full list of 45 Lloyds, Halifax and Bank of Scotland branches due to close

The sites are set to shut next year, starting in March and April.

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

MPs add to pressure on ministers to vet Barclay family’s Telegraph offer

Call for national security law to be used to investigate proposed deal involving consortium backed by UAE

Evening Standard

A tense few days for The Telegraph, but RedBirdIMI looks the way to bet

A crunch few days for the Telegraph Group, which could have new, controversial, owners by Monday.

The Conversation

Lloyds of London archives show how important the City was to transatlantic slavery

In 1783, the City of London was gripped by a court case which symbolised the brutal economics of slavery. Two years previously, the Liverpool slave ship Zong had set out from Accra, in present-day Ghana, with 442 men, women and children crammed in its hold.

The Guardian - UK

Lloyds chief urges UK policymakers to keep their hands off banks’ profits

CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election

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