The Competition and Markets Authority (CMA) has written to Lloyds Banking Group and Nationwide about their non-compliance with the Payment Protection Insurance (PPI) Market Investigation Order of 2011.
Lloyds Banking Group has announced that its chief executive António Horta-Osório will step down in June next year after ten years in the role. Banking industry veteran Robin Budenberg will step up as the bank's new chairman after Horta-Osório's departure.
Lloyds Banking Group has partnered with We Are Digital in a new initiative which has provided 2,000 digital tablets and vital support to 20,000 vulnerable customers facing difficulties during the coronavirus pandemic.
Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.
Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl
Lloyds Banking Group announced yesterday that it has allocated up to £2 billion of arrangement fee-free finance assigned to specifically support UK SMEs to ensure that they have access to additional finance to overcome any impact COVID-19 causes to their cashflow. The group said that its relat
A review investigating how much senior management at Lloyds Banking Group knew about the HBOS Reading Scandal has been delayed for a year. Dame Linda Dobbs, who is conducting the review, has delayed the date for report the until the second half of 2020 or even later due to the volume of work involve
Mid-market private equity firm LDC said it would seek to increase its investment in UK companies to reach £1.2 billion during 2020, with Scotland being a strategic focus for the investor. LDC, part of Lloyds Banking Group, said the role of private equity in supporting the UK’s small and
Lloyds Banking Group has pledged to reduce the carbon emissions it finances by over 50% by 2030 to help finance a green future. This is the estimated equivalent of removing the emissions produced by almost a quarter of UK homes.