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The Latest Breaking News from Lloyds

Lloyds profits fall as competition for mortgages heats up

Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year

The Guardian - UK

Ofcom warns broadcasters to remain impartial ahead of election, FTSE 100 hits new record high – as it happened

FTSE shows ‘more stamina’ and is on track for its sixth consecutive session of gains, the first such winning streak since August 2023

The Guardian - UK

House prices will rise and mortgage rates fall in 2024, Lloyds Bank says

Britain’s biggest bank predicts three rate cuts this year

Evening Standard

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Even a ‘rate shock’ for British mortgage borrowers may not help the banks

The prospect of home loan rates staying high for longer is not the tonic for lenders’ financial results it once was

The Guardian - UK

Taylor Swift fans given ‘urgent warning’ as £1m lost in ticket scams

Lloyds Bank says more than 600 of its customers have been tricked by fraudsters so far

The Guardian - UK

Taylor Swift teases 'timetable' for highly-anticipated album The Tortured Poets Department

The hitmaker, 34, also shared music video details in a new social media update

Evening Standard

Taylor Swift fans in UK targeted by surge in ticket scams ahead of Eras tour arrival, bank warns

More than £1 million could have been lost by UK fans to fraudsters so far, Lloyds Bank estimates

Evening Standard

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While we focus on Dominic West in a banned advert, the banks are short-changing us all

The fuss over an outlawed commercial threatens to obscure the fact that the industry is reaping record profits for a poorer service, says Hannah Dewhirst, head of campaigns at Positive Money

The Guardian - UK

Lloyds left me in limbo in a water-damaged mouldy home

The ceiling in the kitchen collapsed after a tank overflowed but it won’t approve repairs

The Guardian - UK

HSBC and NatWest accused of financing North Sea oil extraction despite pledge

Campaigners call on banks to cease funding Ithaca, which is playing a key role in Rosebank oilfield plan

The Guardian - UK

Nearly 5,000 UK chain stores closed last year at rate of 14 a day

Pharmacies, banks and pubs retreat from town and city centres knocked by failure of Wilko last year

The Guardian - UK

What did we learn about our banks this week?

City Voices: UK bank shares have been stock market laggards for years

Evening Standard

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

Global share rally triggered by AI boom; UK and eurozone business activity picks up – as it happened

Japan’s Nikkei hits all-time closing high, European shares hit record high after stellar results from US chipmaker Nvidia

The Guardian - UK

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Evening Standard

Lloyds Bank sets aside £450m for car loan investigation

LLOYDS BANK offered a positive view of the UK economy this morning, with booming profits and low impairment charges on bad debts.

Evening Standard

FTSE 100 Live 22 February: Nvidia powers S&P 500 to new record, 'UK recession over', London index closes up

The latest blockbuster results by semiconductor giant Nvidia have given global markets a lift, with the Nikkei 225 at a record high early today.

The Guardian - UK

U-turn and profits dip add up to tricky sell for Barclays

With rivals HSBC and Lloyds set to announce healthy earnings, it will be a tough week for the bank’s boss

The Guardian - UK

The Body Shop staff fear company will be broken up, risking 2,200 jobs

Aurelius, the German restructuring specialist, has broken up two other UK retailers

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Evening Standard

Britain's 'big five' banks prepare to deliver record-breaking total profits

Bank shares languish well below pre financial crisis levels despite the profits revival

Evening Standard

Government 'asleep at the wheel' over claims of Iran sanction busting, MP warns

Lloyds and Santander UK deny wrongdoing after report that they were used by an Iranian state entity

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

Top News

Santander, Lloyds Shares Drop as Iran Evades Sanctions

Shares of Santander and Lloyds dropped as a result of a report stating that Iran had utilized the banks' accounts to circumvent international sanctions.

Evening Standard

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

The Guardian - UK

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

International Business Times

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.

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