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The Latest Breaking News from Charlie Nunn

Major bank predicts 'mild recession' as bankers' bonus pot swells to five-year high

ONE of the country’s biggest banks is steeled for a “mild recession” in the coming months as house prices are predicted to fall amid continued…

The National (Scotland)

Lloyds says UK will have 'mild' recession but house prices will tumble

The banking giant said it had already seen an increase in the number of people defaulting on their mortgages

Wales Online

A tough nut for the thinking banker at Lloyds to crack

City Comment: Will Charlie Nunn attract the “mass affluent” to Lloyds?

Evening Standard

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Lloyds' quarterly profits double as borrowing costs rise

The banking group's loan book rose by £6.3bn to £475bn during the year

Insider UK

Lloyds Bank warns house prices to fall 7% this year as customers struggle with mortgages

Lloyds CEO takes home pay of £3.8 million

Evening Standard

Lloyds accused of ‘stuffing bankers’ pockets’ as it proposes £9.1m CEO deal

Chief executive Charlie Nunn could receive £9.1m payout, while top performing bankers to share £446m bonus pot for work in 2022

The Guardian - UK

Bosses of major banks defend branch closures

In a Treasury Committee hearing they also denied relying on customer account switching inertia

Insider UK

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Bosses of major banks defend branch closures to MPs

Chief executives from NatWest Group, Barclays UK, HSBC UK and Lloyds Banking Group appeared before the Treasury Committee.

The Independent UK

Lloyds Banking Group gears up for loan losses as profits slide

Lloyds Banking Group has reported a decline in its profits after revealing a £668 million impairment charge as it gears up for heavier loan losses amid soaring mortgage rates.

Irish Independent

Sorry, but axing VAT or green levies on energy bills isn’t going to cut it

The Guardian - UK

Recession fears grow as bad debts jump at Lloyds Bank

FEARS about the UK tumbling into recession grew today when the UK’s biggest domestic bank set aside hundreds of millions of pounds to cover loan defaults.

Evening Standard

Lloyds profits fall as it sets aside £377m for loan defaults over living costs

Hal-year results also reveal that customers are ditching subscription services in the face of rising inflation

Insider UK

Demand for debt services by Lloyds customers jumps 30%

Three-quarters of bank’s 26m UK customers fear rising prices with 80% holding less than £500 in savings

The Guardian - UK

Lloyds boss warns customer debt is surging as cost-of-living crisis hits home

He said that problems will mount with the majority of people having less than £500 of savings

Chronicle Live

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Evening Standard

Lloyds Bank warning on economy as it tells customers “seek help”

BRITAIN’S biggest bank today issued stark warnings about what could happen to the economy if inflation takes grip and told customers in trouble to seek help sooner rather than later.

The Guardian - UK

Lloyds says customers cutting back on streaming and gyms as inflation bites

Bank warns of more loan defaults amid cost of living crisis as it reports 14% fall in first-quarter pre-tax profit

Evening Standard

The inevitable future scandal coming at Lloyds Bank

Comment: Purpose driven CEO is running a bank that is simply too big

Evening Standard

Lloyds boss Charlie Nunn paid £5.5 million for six month’s work

PROFITS at Lloyds Bank rocketed and it spent £2 billion on buying back its own shares, results that may increase pressure for a windfall tax on the banking sector.

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