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The Latest Breaking News from Lloyds Banking Group

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

The Guardian - UK

Average 5-year fixed-rate mortgage hits 6.3 per cent deepening UK’s home loan misery

Britain’s home loan misery was growing on Friday as the average five-year fixed-rate mortgage hit 6.3 per cent.

Evening Standard

UK’s biggest mortgage lenders in 2022 ranked

Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables.

The Independent UK

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Average two-year mortgage rates at 15-year high as lenders are quizzed by MPs

Bank and building society bosses appeared before the Treasury Committee on Tuesday, to explain what they are doing to support struggling customers.

The Independent UK

Lloyds Banking Group setting up tech development centre in Hyderabad

British financial services major Lloyds Banking Group (LBG) is setting up a technology centre in Hyderabad as part of a larger 3 billion pound strategic investment aimed at transforming its digital offering.

The Hindu

Lloyds Bank launches new T-Levels programme in Bristol to boost South West opportunities

T-Levels were introduced in 2020 as a way to enable young people to gain the equivalent of three A-levels

Birmingham Post

Lloyds Banking Group announces office closure ahead of major city centre revamp

No jobs are expected to be lost as a result of the office closure

Birmingham Post

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Barclay family make last-ditch bid to keep control of Telegraph newspapers

Offer to write off some of the nearly £1bn owed by publisher submitted to lenders Lloyds Banking Group

The Guardian - UK

A speeding fine, a baby donkey and a tram ride – take the Thursday quiz

Fifteen questions on general knowledge and topical trivia, plus a few jokes, every Thursday. How will you fare?

The Guardian - UK

What next for Daily and Sunday Telegraph now they are to be sold?

Key questions on fate of newspaper group after row between Barclay family and Lloyds Banking Group

The Guardian - UK

Telegraph and Spectator titles set to be auctioned off by Lloyds Banking Group

THE Telegraph newspapers and The Spectator magazine are due to be put up for auction within days amid a bitter row between the title’s…

The National (Scotland)

Telegraph put up for auction as bank tries to recover debts

Lloyds Banking Group reportedly acted after “becoming frustrated” over loan repayments

The Independent UK

Telegraph owners deny business poised for administration due to unpaid loans

Lloyds Banking Group is said to be threatening to call in administrators for the parent firm of the Telegraph newspapers as it looks to recover loans.

The Independent UK

Telegraph parent company faces being put into administration

Speculation revived about ownership of media group as talks with Lloyds over £65m loans break down

The Guardian - UK

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Insider UK

Barclays, Lloyds, Halifax and Bank of Scotland to close 63 branches

Among them, 17 Bank of Scotland branches will close between September and next May

The Independent UK

Barclays, Lloyds, Halifax and Bank of Scotland announce 63 branch closures

More and more customers are switching to online banking, reducing the need for branches to remain open

The Independent UK

Detached homes account for nearly a third of home-mover purchases, says Halifax

Homes which were detached accounted for 32% of property purchases in the 12 months to March among existing homeowners with a mortgage, Halifax said.

Insider UK

Lloyds faces pressure from staff over ‘attack’ on flexible working

Union members and Extinction Rebellion campaigners both disrupted the bank's AGM

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The National (Scotland)

Three Scottish Barclays stores to close as 110 UK branches shut this year

Barclays Bank has announced it will be shutting a further 15 stores in 2023, taking its total number of closures for the year to 110.

Evening Standard

Lloyds Banking Group beats profit forecasts as lenders now look toward BOE rate hike

The UK’s biggest single mortgage lender is the latest bank to beat profit forecasts

Insider UK

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

The Independent UK

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 Conversation

Why you should care about bumper bank profits

The Bank of England has raised interest rates 11 times since December 2021 but, while this may boost bank profits, it is less likely to boost many people’s bank balances.

The Money Edit

HSBC extends deadline for customers to secure bigger interest-free overdraft

HSBC customers now have until 10 May to increase their interest-free overdraft limit from £25 to £500. Lloyds, Nationwide and First Direct also offer similar support. We explain everything you need to know

Nottingham Post

Lloyds announces branch in Carlton among dozens of banks to close

No jobs will be lost

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