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The Latest Breaking News from Charlie Nunn

Lloyds predicts drop in defaults on loans and mortgages as UK economy improves

Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlook

The Guardian - UK

Disused Lloyds office sites to be converted into social housing

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s

The Guardian - UK

Lloyds sets aside £450m for car loan fines and payouts

Bank’s profits rise 57% but it says there is ‘significant uncertainty’ over liability amid FCA investigation

The Guardian - UK

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Lloyds chief urges UK policymakers to keep their hands off banks’ profits

CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election

The Guardian - UK

OPINION - The Barclays are back with a bang and the Telegraph sale has been turned completely on its head

A motorbike weaves through the London traffic. It’s heading across town, from Belgravia to the City. Riding pillion is Aidan Barclay. The bike races up to the doors of the Lloyds Bank headquarters. Barclay dismounts, rushes in and thrusts a piece of paper into the startled receptionist’s hand. It’s a…

Evening Standard

Lloyds braces for loan losses as borrowers face £360 monthly mortgage jump

The banking group revealed its half-year profit increased by more than a fifth compared with last year.

The Independent UK

No recession and lower rates on way, predicts mortgage giant Lloyds Bank

BRITAIN’S biggest mortgage lender offered hope to the nation’s homeowners today and predicted the UK will no longer fall into recession next year.

Evening Standard

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Lavish homes of fatcat bank bosses tackling mortgage crisis - including £12k treehouse

Top bankers advising on the home loan crunch have been revealed as multi-million pound homeowners with no mortgages and 'woodland-type' gardens, while many families struggle to make ends meet.

Daily Mirror

Not-for-profit lettings agency will help ease ‘chronic lack’ of affordable homes

Lloyds Banking Group said fundraising will support Crisis to develop and launch a new not-for-profit lettings agency.

The Independent UK

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

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

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The Guardian - UK

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

Insider UK

Bosses of major banks defend branch closures

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

The Independent UK

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 Guardian - UK

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

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Evening Standard

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.

Insider UK

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

The Guardian - 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

Chronicle Live

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

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

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