CMA rebukes four banks for failing to provide correct information to customers July 25, 2024 The competition watchdog has publicly rebuked four banks for failing to comply with rules ensuring lenders provide clear and up to date information to their customers.
Lloyds Bank profit slides as interest rate boom slows July 25, 2024 Lloyds Banking Group recorded a slide in profit in the first half of the year after a surge in costs and a slowdown in the amount of cash it was making on the back of interest rates. The group – which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows – reported a pretax [...]
Metro Bank revives multibillion-pound mortgage sale after rescue July 8, 2024 Metro Bank has revived a plan to sell a multibillion-pound chunk of its mortgage book after being rescued from potential collapse last year.
Business confidence falls from May’s eight year high in June June 28, 2024 Business confidence fell notably from May's eight year high in June, a closely watched survey suggests, but remains well above the long-term average.
Lloyds to reopen new City headquarters this year as it cuts office space June 13, 2024 Lloyds Banking Group plans to move thousands of workers back into a refurbished City base later this year as it focuses on reducing office space.
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.
UK business confidence jumps to highest level since Brexit referendum May 31, 2024 Hann-Ju Ho, senior economist at Lloyds, said the results "highlight a notable improvement in business confidence."
Lloyds defends return-to-office mandate as staff engagement falls to nine-year low May 16, 2024 Lloyds Banking Group has defended its workplace culture after it experienced a sharp drop in its employee engagement index last year, driven by a "tough" stance on staff returning to the office.
Lloyds, HSBC, Barclays and Natwest results show consumer strength amid higher rates April 30, 2024 Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors this morning.
London business confidence falls fast but economy as a whole remains optimistic April 30, 2024 "Businesses are feeling increasingly confident about the economy, coinciding with falling inflation and hopes that interest rates will start to fall this year," Hann-Ju Ho, senior economist at Lloyds said.