Lloyds profit drops against bumper 2023 as margins shrink April 24, 2024 Lloyds Banking Group has posted a 28 per cent fall in profit - in line with analysts' estimates - as price wars and the prospect of interest rate cuts forced it to offer better rates to customers.
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
Taylor Swift fans lose £1m to ticket scams, Lloyds finds amid ‘urgent warning’ April 17, 2024 Lloyds Bank has issued an "urgent warning" to customers over a wave of ticket scams targeted at Taylor Swift fans, which it estimated has already cost Brits £1m.
Lloyds to cut jobs in risk management after finding it was a ‘blocker’ to transformation progress April 10, 2024 Lloyds Banking Group is preparing to axe roles in its risk management division after finding that it was a "blocker" to the company's transformation strategy.
London business confidence ‘booming’ as lower inflation fuels hopes of a recovery March 27, 2024 London business confidence soared in March as the UK's ongoing economic recovery lifted spirits in the capital, according to a closely watched survey.
High street bank bosses warn of rising fraud threat from social media March 20, 2024 Bosses from the UK's biggest high street banks have told MPs that they are improving their fraud reimbursement rates, while calling for greater cooperation with social media companies to prevent scams that originate on their platforms.
Lloyds set to become main payments processor for Paypoint as bank expands small business footprint March 20, 2024 Lloyds is set to become the main processor of card payments for Paypoint's 60,000-strong network of small businesses and retailers.
UK economy continues to bounce back as most sectors return to growth, new survey shows March 18, 2024 "Growth is continuing to spread to more and more parts of the UK economy as conditions improve," Nikesh Sawjani said.
Lloyds to sell £6bn of Scottish Widows bulk annuities to Rothesay March 13, 2024 After the transfer, policyholders included in the sale will begin to receive benefits normally.
Lloyds becomes first high street bank to invest in community lenders after backing £62m fund March 4, 2024 CDFIs are non-profit lenders based in local communities that make personal loans at low interest rates to households and businesses which struggle to access credit elsewhere.