Lloyds Banking Group

The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

Kingdom Housing Association has agreed a Revolving Credit Facility Agreement with Lloyds Bank during the coronavirus period after an open tender process run for Kingdom by ATFS. The facility is for £10 million for a term of five years at competitive rates in the current climate.

Lloyds Banking Group's pre-tax profits have plummeted by 95% to £74 million, a drop of over £1.6 billion from the same three months of 2019.

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.

Following growing criticism, high street banks have backtracked on loan requirements which insisted that business owners provide personal guarantees for government-backed loans.

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

Lloyds Bank has informed its workforce that it will be cutting 780 full-time branch jobs in its latest round of staff cuts.

Lloyds Banking Group has reported a sharp drop in profits to £4.4 billion before tax, down from nearly £6 billion in 2018.

As Lloyds Banking Group prepares to post its final PPI bill this week, analysts estimate that Lloyds will be hit by a £2.5 billion charge for 2019.

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

Lloyds Bank has issued a memo on staff treatment due to a drastic rise in complaints to one of its employee unions concerning working conditions across is declining banking network.

Lloyds Banking Group will be closing 56 more branches across the UK this year, with 15 Bank of Scotland branches to close in Scotland. 

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