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The Latest Breaking News from Lloyds Banking Group

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

Lloyds and Santander accused of providing accounts for Iranian front companies

Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctions

The Guardian - UK

Bank agrees payout over mortgages that ‘ruined lives’

Out-of-court settlement reached with law firm acting for customers who have been left owing big sums

The Guardian - UK

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Full list of Lloyds Bank and Halifax closures, as Lloyds set to shut 123 branches

About 1,600 jobs will be cut, though junior employees are not expected to be affected and there will be some voluntary redundancies

Evening Standard

The week in audio: Exposed: The Ashley Madison Hack; Making Sense of Social Housing; Ian Hislop’s Oldest Jokes – review

Not enough users of the hacked infidelity website share their stories; more on the UK’s housing crisis; and a philology of funnies

The Guardian - UK

Savings passbooks popular as Britain turns to cash amid cost of living crisis

While some banks and building societies scrap system, others report increase in usage by customers

The Guardian - UK

Lloyds Bank Cuts Almost 800 Jobs In Online Switch

British retail lender Lloyds Banking Group on Thursday announced a net reduction of almost 800 jobs, as it slashes branch staff but boosts customer services.

International Business Times

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UK car finance: ‘millions of drivers could get payout’ as watchdog investigates

FCA to examine whether consumers have been charged inflated loan rates on new and secondhand cars

The Guardian - UK

Scotland's financial technology sector witnesses major jobs increase

SCOTLAND’S financial technology sector has seen a significant increase in jobs with more than 10,500 people now employed in the industry.

The National (Scotland)

UK mortgages: trial to rule on deals that left people with huge debts

Decades after shared appreciation mortgage launch, case brought by law firm due to reach high court

The Guardian - UK

Bank of Scotland announces closure of four more branches

FOUR Bank of Scotland branches are set to be closed next year.

The National (Scotland)

Lloyds, Halifax and Bank of Scotland to shut another 45 branches

The Lloyds Banking Group-owned brands will close the branches next year, starting in March and April.

The Independent UK

Top Tory strategist’s lobbying firm advising Daily Mail owners on Telegraph bid

Exclusive: Isaac Levido’s company, Fleetwood Strategy, is helping DMGT navigate potential acquisition of rightwing broadsheet

The Guardian - UK

More than 2,500 jobs at risk in Lloyds shake-up

Exclusive: UK’s largest high-street bank preparing review of middle-management roles in response to expected income squeeze

The Guardian - UK

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The Guardian - UK

Abu Dhabi-backed fund says it will take control of Telegraph and Spectator

RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family

The Guardian - UK

MPs want UK national security law used to vet Barclay family’s Telegraph offer

Financing from Abu Dhabi investors secured for bid but use of overseas sovereign wealth questioned

The Hindu

Lloyds Banking Group tech centre in Hyderabad commences operations

Lloyds Banking Group has set up a Technology Centre in Hyderabad as part of a 3 billion pound investment to transform its digital offering. It will recruit 600 specialists in tech, data and cybersecurity roles and become a hub for modern engineering excellence. It will focus on using tech, digital,…

The Guardian - UK

Banks face $2bn Twitter losses says report; Canary Wharf owners inject £400m – as it happened

Live, rolling coverage of business, economics and financial markets as Lloyds Banking Group says UK house prices to fall and Boeing cuts 737 Max target

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news in one place.

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The Independent UK

Six high-street banks given ‘red’ warning over eco policies, Which? reveals

JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were criticised by the consumer champion.

The Guardian - UK

Bild publisher Axel Springer eyes Telegraph auction

German company registers interest with Goldman Sachs ahead of Telegraph Media Group auction

The Guardian - UK

US billionaire in talks with GB News co-owner over Telegraph bid

Founder of Citadel hedge fund Ken Griffin linked to group of investors including Sir Paul Marshall

The Guardian - UK

Nadhim Zahawi in line to become chair of Telegraph titles, say reports

MP said to be brokering deal between UAE investors and Barclay family as former owners attempt to regain control of media group

The Guardian - UK

More than 100 MPs received freebies worth £180,000 this summer

Exclusive: Oliver Dowden and Keir Starmer among those who enjoyed free tickets to events including the Chelsea flower show and the Derby

The Guardian - UK

‘It’s a white-knuckle ride’: UK bank customer reveals how switching accounts is far from simple

Attempts to move current account from Intelligent Finance led to hours of admin

The Guardian - UK

Lloyds puts aside more than £400m for mortgage arrears as rates soar

Bank says profits have fallen as interest rates and cost of living are ‘challenging’ for people and firms

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