Lloyds Banking Group

Scottish Widows has begun trialing new AI software which will enhance its advertising output, and ensure transparency and clarity for customers. The insurance, pensions and investments firm, which is part of Lloyds Banking Group, has just launched a six-month pilot with leading FinProm platform Adcl

Liz Ziegler Around £2 million pounds in card chargebacks have been claimed back by Lloyds customers following a rise in dodgy websites, according to the latest data from the bank. 

More than 28 million UK adults are now turning to artificial intelligence to help manage their money – making personal finance the nation’s number one use of AI.

Lloyds Banking Group has reported a sharp fall in third-quarter profits after setting aside a substantial provision to cover potential costs from a probe into motor finance commissions. Pre-tax profit for the third quarter fell by 36% to £1.17 billion, though this surpassed analyst expectation

Lloyds has appointed Tony Hable as its new head of infrastructure & project finance. He will lead Lloyds’ infrastructure & project finance business and report to James Ranger, managing director & head of debt solutions.

Bank of Scotland-owner Lloyds Banking Group has announced it will close a further 13 Scottish branches. The closures, part of a broader 49 closures across the UK, are scheduled to take place between January and October 2026.

Bank of Scotland-owner Lloyds Banking Group has reported a significant rise in second-quarter profits, surpassing analyst expectations and leading to a substantial increase in its shareholder dividend. The bank's underlying profit before impairments reached £2.16bn, a 17% increase from the fir

Lloyds Banking Group (Lloyds), Aberdeen Investments, and Archax have successfully completed a pioneering transaction utilising tokenised real-world assets (RWA) as collateral for foreign exchange (FX) trades. In a UK-first initiative, tokenised units of Aberdeen Investment’s money market fund

Edinburgh-headquartered AI fintech company Aveni has unveiled FinLLM, a large language model (LLM) specifically designed for the UK financial services industry. FinLLM is designed to meet the industry’s stringent requirements for compliance, safety, and performance, setting a new benchmark for

Lloyds Banking Group has reported a 7% fall in pre-tax profits to £1.52 billion for the first quarter, despite a 4% increase in net income to £4.39bn. The decline was primarily driven by higher costs and increased impairment charges for potential bad debts.

Lloyds Banking Group’s Scottish Executive Committee chair Jackie Leiper explores how financial institutions can help bridge Scotland’s affordable housing gap and why unlocking private capital and accelerating cross-sector partnerships is critical to solving the crisis and driving long-te

Lloyds Banking Group has announced it is strategically enhancing its artificial intelligence (AI) capabilities by training 200 senior leaders through an intensive 80-hour programme – "Leading with AI". Delivered in partnership with training provider Cambridge Spark and experts from Cambridge U

HM Revenue & Customs (HMRC) is set to replace Barclays with Bank of Scotland-owner Lloyds Banking Group in a significant government banking contract, ending a ten-year agreement. The move, worth £99 million to Lloyds, comes as HMRC awards a new £334m, 12-year contract to a consortium

Thousands of Nationwide, TSB, and Bank of Scotland-owner Lloyds Banking Group customers across the UK experienced significant disruption on Friday morning as a technical fault rendered their mobile banking apps inaccessible. Downdector recorded a surge of over 4,000 reports of issues, affecting user

Lloyds Bank's top executives are set to receive substantial bonuses, despite the lender's recent financial results and ongoing branch closures. Chief executive Charlie Nunn will receive a £1.1m bonus, with finance boss William Chalmers set for £812,014, according to the bank's annual rep