Lloyds Banking Group

Lloyds Bank has appointed Jamie Kemp to the role of invoice finance area director for Scotland and the North East, as it strengthens its support for businesses across the region. Mr Kemp has over 11 years of experience in the finance sector, with experiencing spanning across retail, private and comm

Bank of Scotland owner Lloyds has reported a 26% drop in profits in its Q3 results as it braces for more defaults on bad loans. Profits were down to £1.5 billion, lower than the average forecast of £1.8bn as analysts expected a significantly small drop in profits of around 9.5%. However,

Britain's biggest banks are expected to report profits of £33 billion when they reveal their third-quarter results next week. The figures from Lloyds Banking Group, NatWest Group, Barclays and HSBC are expected to show their combined profits rising from £25 billion in 2019 to £33 b

Business confidence in Scotland rose 10 points during September to 15%, ending three consecutive months of decline, according to the latest Business Barometer from the Bank of Scotland Commercial Banking.

According to new data from Lloyds Bank, 9 out of 10 in-person transactions are now made with contactless, a rise from 65% to 87%. In April 2020 – during the pandemic – the contactless limit was increased from £30 to £45, rising to £100 in October 2021. These higher limi

Business confidence in Scotland fell 11 points during August to 5%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies across the country reported lower confidence in their own business prospects month-on-month, down 29 points at 3%. When taken alongside

Bank of Scotland-owner Lloyds Banking Group has announced that it will be closing 66 branches between October and January of next year. A total of 48 Lloyds Bank branches and 18 Halifax branches will be closing, none of which are in Scotland.

Lloyds group has reported a pre-tax profit of £3.7 billion for the first half of 2022, a result that beat expectations.

Lloyds Banking Group welcomed the Scottish Government to the Dundee offices of its recently acquired Embark Group. Embark was acquired by Lloyds earlier this year to help give customers more control of their long-term financial planning. It already provides retirement solutions to more than 350,000

Lloyds Banking Group has announced its new Sustainability Finance Framework, outlining support to help housebuilders access finance to build more homes with higher sustainability standards. The framework sets out how the group will help housebuilders access finance to build more sustainable homes th

Lloyds Banking Group has announced the appointment of Scott Wheway as chair of Scottish Widows Group. Mr Wheway will also be appointed non-executive director of the banking giant and Scottish Widows. His appointment at the pensions firm will come into effect on September 12 this year.

Households across the UK spent 7.2% more in May on essentials, compared to the same time last year, while scaling back on non-essentials, as the increased cost of living continues to hit household spending. According to the latest Spending Power report from Bank of Scotland owner Lloyds Banking Grou

Fashion-conscious individuals should be on the lookout for fake adverts claiming to offer designer trainers, with a surge in scams cases reported so far this year, according to Bank of Scotland owner Lloyds Bank.

Bank of Scotland owner Lloyds Banking Group is close to agreeing a compensation deal for victims of the Reading HBOS scandal. After mounting pressure from small business representatives and the Financial Conduct Authority, it has been reported that the banking giant has agreed to offer victims of th

Business confidence in Scotland rose 14 points during May to 42%, the highest reading since June 2021, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down three point