Motor finance lenders gear up for ‘forensic test of discipline’ over redress scheme October 8, 2025 The Financial Conduct Authority has softened the motor finance blow for lenders but experts say firms won’t be able to shift into a new gear just yet. The City watchdog has priced the cost of its industry-wide redress scheme at £11bn – a hefty sum but far below the eye-watering £44bn previously floated. Just over [...]
Lloyds: FTSE 100 giant’s slow wealth progress sparks takeover talk October 7, 2025 Lloyds’ “slow” progress in wealth management has sparked talks of a potential takeover as the banking titan looks to beef up its offering for high net worth individuals. The FTSE 100 giant exited the area in 2013 as part of a simplification drive after the financial crisis, with the reduction of its stake in St [...]
Lloyds looks to take control of Schroders wealth tie-up October 2, 2025 Lloyds Banking Group is looking to ditch its wealth tie-up with Schroders and take control of the six-year old unit. The FTSE 100 titan is poised to buy out Schroders’ 49.9 per cent stake in Schroders Personal Wealth (SPW). The transaction would hand full control over to Lloyds as the bank sets out to expand [...]
Lloyds Bank: 3,000 jobs at risk in performance overhaul September 4, 2025 Lloyds Bank is planning a major overhaul of its operations that could put five per cent of workers on the chopping block. The bank is set to review its approach to performance management with the bottom 3,000 of the firm’s 63,000 employees at risk of losing their role. The new plans, as reported by the [...]
Lloyds to hand shareholders over £17bn by 2027, analysts say August 26, 2025 Lloyds Banking Group shareholders are set for a bumper payout with analysts projecting the lender will return over £17bn to investors by 2027. The FTSE 100 giant was listed as Jefferies analysts “preferred” banking stock following a strong year-to-date performance. Shares in Lloyds have jumped over 50 per cent since January. The bank received a [...]
Construction firms lose hope but businesses are ‘showing resilience’ April 30, 2025 Construction firms have grown despondent about their business prospects despite signs of resilience across the UK economy, a new survey has found. The sector is key to the housing secretary Angela Rayner’s plans to build 1.5m homes by 2030 though early signs suggest the ambitious target will not be met. Construction saw a bigger drop [...]
Lloyds Bank urged to release full HBOS review February 17, 2025 Lloyds Banking Group has been told it must publish a “full copy” of the long-delayed report into the mishandling of the HBOS Reading scandal. Dame Meg Hillier, who chairs the Treasury Committee, has backed campaigners’ calls for Lloyds to be transparent in private correspondence obtained by The Times. This follows Lloyds’ pledge to “fulfil any [...]
Lloyds Banking Group unveils £200m plan for head office January 27, 2025 Lloyds Banking Group has unveiled £200m plans to transform the headquarters of Scottish Widows to become the giant’s main base in Scotland. The Port Hamilton building on Morrison Street, Edinburgh, is to be designed in partnership with Drum Property Group. Lloyds Banking Group employs around 10,000 people in the Scottish capital. Located in the city’s [...]
Business confidence ended 2024 at low point on jobs and prices fears December 23, 2024 Business confidence fell to its lowest level in 2024 during December, as fears around layoffs and price increases hurt opportunity for business growth. Business confidence ticked down by two points to 39 per cent this month, though remained above the long-term average of 29 per cent, according to the latest Lloyds Business Barometer. “While there [...]