Lloyds Banking Group

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

Yesterday, staff from Bank of Scotland-owner Lloyds Banking Group (LBG) held a demonstration outside the Group’s Annual General Meeting (AGM) in a pay dispute with the bank. Unite the Union members are angry that the 2022 pay arrangement has left many low paid bank workers fearing for their ec

Halifax has apologised to customers after sending incorrect emails informing them that the Bank of England base rate had changed. The emails, which said “the Bank of England base rate has changed today”, were distributed ahead of the Bank’s next interest rate decision tomorrow.

Over 1.2 million subscription payments have been stopped since summer 2021, as technology puts customers in further control of their spending, according to new data from Bank of Scotland owner Lloyds Bank. Popular TV, film and music streaming services made up almost half (47.1%) of regular payments

Business confidence in Scotland fell 18 points during March to 17%, 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 24 points at 18%. When taken alongside their

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 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. 

Shares in Bank of Scotland owner Lloyds Banking Group, dropped by over 11% yesterday as chief executive Charlie Nunn warned that the bank was at "at “heightened alert” of cyber attack in the wake of Russia's invasion of Ukraine. Mr Nunn said the banking group's security defences were at

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

The number of UK sectors reporting output growth rose in January as supply conditions improved, according to the latest Lloyds Bank UK Recovery Tracker. However, businesses continued to face significant cost inflation, which translated into a record uptick in selling prices among service sector firm

The number of people who fell victim to a romance scam increased by more than 16% over the last year, according to new data from Lloyds Bank.

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.