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The Latest Breaking News from Lloyds

Lloyds ‘assessing impact’ of key car finance ruling in favour of consumers

Shares in the bank plunged last week after judges sided with customers in a row over commissions in the industry.

Evening Standard

FTSE 100 ends week in the red as investors look to upcoming Budget

Chancellor Rachel Reeves will deliver the spending statement on October 30, with several tax hikes mooted.

The Independent UK

Consumers win UK car finance case that could lead to billions in compensation

Judges in test case rule it was unlawful for lenders to pay commission to car dealers without borrowers’ knowledge

The Guardian - UK

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Lloyds customers can show a QR code to request money back from friends or family

The Link Pay scheme removes the need to dig out a sort code and account number when someone owes money, Lloyds Bank said.

The Independent UK

NatWest earnings jump by a third as mortgage lending grows

NatWest joins Lloyds and Barclays in unveiling higher profits than analysts were expecting this week.

Evening Standard

FTSE drops further as pound slides to two-month low

London’s top index finished 47.90 points, or 0.58%, lower to end the day at 8,258.64.

Evening Standard

Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

The Guardian - UK

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Lloyds finance chief says UK bank sector needs ‘competitive, stable’ tax regime

Finance chief William Chalmers said the bank would welcome a Budget that aligns with the Government’s ‘pro-growth agenda’.

Evening Standard

Lloyds reveals stronger-than-expected profit as consumer confidence picks up

The banking giant reported a pre-tax profit of £1.8 billion between July and September.

Evening Standard

Lloyds' brand refresh is a powerful symbol of progression

It’s the banking brand’s biggest multi-channel ad campaign to date.

Creative Bloq

UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economy

The Guardian - UK

Nationwide to allow first-time buyers to borrow six times their earnings

Building society ramps up mortgage price war with ‘gamechanging’ move, as it also cuts rates

The Guardian - UK

Lloyds sent my £37,000 to the Duchy of Cornwall and I can’t get it back

I changed my business to sole trader status. The next thing I knew, my firm had been deemed ‘dissolved’ and my money given to the state

The Guardian - UK

Lloyds plans to shut another 55 bank branches

Move will take two-year closure total by 2026 to 292 and includes Halifax, Bank of Scotland and Lloyds brands

The Guardian - UK

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The Independent UK

Small businesses complain of losing money after card payment outage

Retailers and wholesalers were urgently seeking support from providers as they said they were unable to accept card payments on Thursday.

The Guardian - UK

UK government links with Barratt and Lloyds for £150m housebuilding project

Homes England joint venture will help towards aim to build 1.5m new homes over next five years

The Guardian - UK

Lloyds Bank raises borrowing limit for first-time buyers

Group will provide mortgages worth up to 5.5 times household income – and other lenders could follow suit

The Independent UK

Boost for first-time buyers as Lloyds allows borrowing of up to 5.5 times income

The banking group said it is making £2 billion of lending available to first-time buyers borrowing more than 4.5 times their income.

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Evening Standard

Bank of England seeks action from Britain's biggest banks on crisis plans

Threadneedle Street eyes lessons to be learned after SVB and Credit Suisse demise

The Independent UK

Premier League football fans urged by major bank to watch out for ticket scams

Last season people lost £177 on average, with some fans losing more than £1,000, Lloyds Bank said.

Evening Standard

Bank branch closures, August 2024: full list of UK sites shutting including Lloyds, Halifax and Barclays

A host of big name banks are closing their doors for good at a number of sites around the UK in the coming weeks

The Independent UK

APP fraud reimbursement ‘still largely depends on who victims bank with’

The Payment Systems Regulator has published authorised push payment scam reimbursement figures for banks and building societies.

The Independent UK

10% annual jump in home mover numbers, Lloyds Bank finds

The average home mover is aged 40 and around one in three movers buy detached homes, according to the research.

The Independent UK

Four major banks breached rules to help keep customers informed

Lloyds, TSB and AIB have confirmed they are making changes and HSBC has been issued with directions, the Competition and Markets Authority said.

The Guardian - UK

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

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