Fraud watchdog makes arrest in collapsed Arena Television probe December 17, 2024 The Serious Fraud Office (SFO) has arrested a man in connection to its investigation into the collapsed broadcaster Arena Television
Lloyds boss says motor finance scandal poses threat to UK economy December 4, 2024 The chief executive of Lloyds Banking Group has warned that controversy over now-banned motor finance deals poses a threat to the UK economy. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Charlie Nunn said a shock court ruling in October over ‘secret’ car loan commissions “creates an investability problem” for Britain’s wider consumer [...]
Lloyds to replace senior staff’s union negotiations with ‘people forums’ November 13, 2024 Lloyds Banking Group is to stop recognising the trade union membership of some senior employees by replacing union negotiations with so-called “people forums”.
Motor finance industry in crisis mode after landmark court ruling November 1, 2024 Motor finance providers are scrambling to avoid a full-blown market meltdown after a landmark London court ruling on "secret" car loan commissions sparked chaos across the sector.
Lloyds shares slump as analysts warn of £3.9bn motor finance bill October 28, 2024 Shares in Lloyds Banking Group and Close Brothers fell further on Monday after a landmark London court ruling that could expose motor finance providers to billions in extra compensation.
Collapsed Sentinel Broadcast hits Lloyds Bank with commercial fraud lawsuit October 24, 2024 Liquidators of broadcasting equipment company Sentinel Broadcast have launched legal action against Lloyds Bank, the latest legal battle in the fallout of the company
Lloyds Bank: Lender beats profit estimates as consumers prove resilient October 23, 2024 Lloyds Banking Group has beaten profit estimates as the lender set aside less than expected for souring loans and saw improved consumer confidence.
UK banks brace for Budget tax raid despite lobbying efforts October 21, 2024 UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Lloyds boss Charlie Nunn says Meta is not doing enough to tackle scams October 13, 2024 The chief executive of Lloyds Banking Group has joined calls for technology firms like Meta to do more to clamp down on a surge in scams originating from social media.
Business confidence ticks down ahead of Budget September 30, 2024 Business confidence dropped to a three-month low in September, in yet another sign of firms adapting to the sombre tone ahead of the Budget.