Millions of UK bank account holders are putting themselves at a much greater risk of fraud by ignoring crucial warnings provided by the Confirmation of Payee (CoP) service, according to new research by Lloyds Bank. When sending money online to someone that hasn’t been paid before, Confirmation
Lloyds Banking Group
Lloyds Banking Group has announced that it will close a further 60 branches across the UK. The lender said it would close 24 Lloyds Bank branches, 19 Bank of Scotland branches and 17 Halifax branches as customers continue to move towards online and mobile banking.
Bank of Scotland owner Lloyds Banking Group and FinTech Scotland have launched three new strategic innovation challenges. The duo has opened the second cohort of its Launch Innovation Programme, which invites fintechs from all over the world to take part.
Bank of Scotland owner Lloyds Banking Group has posted statutory profits after tax of £5.9 billion in 2021. The group has highlighted a 'solid' net income of £15.8bn, up 9% for the year, with an underlying net interest income of £11.2bn. Underlying other income has also increased b
Bank of Scotland-owner Lloyds Banking Group is considering lending more to mortgage customers whose prospective homes are well-insulated, in an attempt to reflect how energy bills are an increasing burden on household finances.
New research from Lloyds Bank Business has found that just 1 in 10 (12%) small businesses in the UK went online as a direct result of the pandemic.
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
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
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.
Dundee fintech Embark Group Limited (EGL) has been sold to Bank of Scotland owner Lloyds Banking Group for a consideration of £390 million.
Bank of Scotland owner Lloyds Banking Group has posted a statutory profit before tax of £3.9 billion for the six months to the end of June. In 2020, the bank posted a first-half loss of £602 million, after allocating £2.4bn for bad loans.
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
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
Mortgage lenders in the UK are preparing to launch a wave of ultralow deposit deals on to the market.
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