Lloyds Banking Group

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Bank of Scotland-owner Lloyds Banking Group has announced that it will allow its customers to set their own contactless spending limits after concerns over fraud were voiced by some of its customers. In August, the Treasury announced that the contactless spending limit would be increased to £1

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Scotland is set to drive economic growth in the UK’s transition to net zero emissions, according to The Green Growth Index produced by Lloyds Banking Group and Oxford Economics. The report suggests that at least £1.4 trillion will need to be invested in the UK economy between 2020 and 20

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A pilot scheme trialling shared bank branches in Essex and Cambuslang have been extended until 2023. The project, launched by the Access to Cash Action Group has seen lenders operate shared "bank hubs" in an attempt to preserve access to cash for older and more vulnerable people.

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A year on from the launch of the Bounce Back Loan Scheme (BBLS), almost one in three (29%) small and medium-sized businesses who took out a loan are not aware of the Pay As You Grow (PAYG) options, according to research by Bank of Scotland owner Lloyds Bank. Through the government’s PAYG schem

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Bank of Scotland owner Lloyds Banking Group has posted £1.9 billion of pre-tax profits for the first quarter of this year, as the group released some of the provisions it had made for potential loan losses after the coronavirus outbreak. The bank released £459m from its cash reserve

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Carbon emissions in Scotland dropped by 13% during the pandemic compared to the year before, according to an analysis compiled by Bank of Scotland owner Lloyds Banking Group in partnership with the Carbon Trust. The analysis considered the impact on carbon emissions resulting from changing consumer

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Bank of Scotland owner Lloyds Banking Group is set to cut its space by 20% over the next two years as working from home looks to become a permanent lifestyle change. Lloyds decided to cut its office space after 77% of its 68,000 employees said they wanted to work from home for three or more days a w

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Bank of Scotland owner Lloyds Banking Group has resumed dividend payments despite reporting a 72% drop in profits. For the year ended 31 December 2020, the bank's profits dropped to £1.2 billion, down from £4.39bn last year. Lloyds Banking Group has also allocated £4.bn to cover fu

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The Competition and Markets Authority (CMA) has written to Bank of Scotland owner Lloyds Banking Group over its breaches of the Payment Protection Insurance (PPI) Market Investigation Order 2011 which the CMA were notified about in September last year. The notification came seven years after the ban

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Lloyds Banking Group, which owns Halifax and Bank of Scotland, has introduced new home-mover house purchase mortgages for borrowers with deposits as low as 10%. The deals will expand the banks’ low deposit offering beyond only first-time buyers, to existing homeowners looking to move.

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