Breaking news
Another scandal is threatening to engulf Lloyds Bank boss Antonio Horta-Osorio before he signs off next year. The Portuguese chief executive has admitted he knew of an alleged fraud in the HBOS Bristol branch which may have affected hundreds of small business customers. Lloyds may now face a criminal inquiry over the events in Bristol, … Read more
New blow for first-time buyers as Lloyds axes popular ‘family mortgage’ deal that allowed purchasers with no deposit to get on housing ladder The bank has stopped accepting new applications for its Lend a Hand mortgage First-time buyers as 95 per cent of loan to value deals disappear from the market Conditions on those deals … Read more
Lloyds dives into red as it warns of pandemic’s ‘profound’ impact on economy and says up to £5.5bn in loans could go bad By Matt Oliver For The Daily Mail Published: 22:27 BST, 30 July 2020 | Updated: 22:27 BST, 30 July 2020 Lloyds Banking Group dived into the red as it warned of the … Read more
Lloyds Banking Group slumped to a pre-tax loss of £602million in the first half of the year, warning investors that the impact of the pandemic was more ‘profound’ and ‘much larger’ than it expected. The lender has set aside £3.8billion for a spate of bad debts expected once furloughing ends, more mass job cuts emerge … Read more
Lloyds diverts 1,000 staff to help customers in debt as economic crisis deepens It expects to see an increase in the number of people falling behind on debts Staff encouraged to transfer to the bank’s Customer Financial Assistance team By Helen Cahill For The Mail On Sunday Published: 22:24 BST, 25 July 2020 | Updated: … Read more
Club Lloyds customers to earn less interest as Britain’s biggest bank is the latest to cut current account perks Account currently pays a blended interest rate of around 1.2% on up to £5,000 This will be cut back to 0.8% and customers will only earn interest on balances of £1,000 or more – not £1 … Read more
Trio of Lloyds’ top bankers emerge as potential successors to outgoing boss Antonio Horta-Osorio By Helen Cahill, Financial Mail On Sunday Published: 21:53 BST, 18 July 2020 | Updated: 21:53 BST, 18 July 2020 A trio of Lloyds’ top bankers have emerged as potential successors to the outgoing boss Antonio Horta-Osorio. Horta-Osorio is quitting the … Read more
At the end of May I received a letter claiming to be from Lloyds, my bank, saying they believe I have recently updated my details and that I am now a tax resident of Egypt. It says if this is true, I need to confirm it by sending them a passport, ID card or other … Read more
Lloyds Bank will let customers cancel monthly subscriptions like television streaming and food boxes in its app with three quick clicks The bank with 11m mobile customers will launch the service after a pilot Subscription services boomed in lockdown It said it would eventually alert people prior to their free trial running out to avoid … Read more
Whitbread chief Alison Brittain rebuffs speculation she could succeed Antonio Horta-Osorio at Lloyds By Hugo Duncan for the Daily Mail Published: 23:06 BST, 7 July 2020 | Updated: 23:06 BST, 7 July 2020 The boss of Whitbread attempted to brush off suggestion she could get the top job at Lloyds as she outlined plans to … Read more