Lloyds subsidiary fined £160,000 for Putin ally sanctions breach January 26, 2026 A subsidiary of Lloyds Banking Group has been fined for sanctions breaches after it opened a bank account for an ally of Russian President Vladimir Putin. Bank of Scotland, a subsidiary of Lloyds since 2009, was fined £160,000 by the Office of Financial Sanctions Implementation (OFSI) on Monday for breaching Russian sanctions. Although not named [...]
Bank bosses brace for interrogation in FTSE 100 lenders’ earnings season January 21, 2026 Britain’s banking heavyweights are gearing up to report full-year earnings with top bosses set to face the crunch on the progress of their overhaul strategies. Lloyds chief Charlie Nunn will be the first of the City’s top bankers to go under the microscope when the FTSE 100 giant releases its annual report on 29 January. [...]
Bankers and bots: City lenders to face scrutiny on AI ambitions January 15, 2026 Banks have been tipped as a big winner of AI integration but face a major test in selling their tech narrative to investors. As City lenders gear up to report their 2025 financials, shareholders will be looking past balance sheets for progress on digital ambitions. “This may be the year the market makes up its [...]
Lloyds shares to offer best cash-back rate in Europe, analysts say January 9, 2026 Lloyds shareholders are set for a bumper few years as analysts predict the bank will continue to splash cash on dividends and buybacks. The bank has been tipped to move to a half-year buyback, in a move that will majorly ramp up the money it hands back to investors. In 2025, Lloyds beat out its [...]
Lloyds shares surge past 100p to 17-year high January 6, 2026 Shares in Lloyds Banking Group surged past 100p on Tuesday morning amidst a wider rally in the London stock market’s blue-chips. The FTSE 100 banking giant jumped over one per cent at the opening bell to 101.30p marking a 17-year High before parring back some gains to close 0.8 per cent higher at 100.75. Lloyds’ [...]
Legacy banks must ‘radically modernise’ or lose to fintech stars, says former Barclays boss January 1, 2026 A decade ago, Antony Jenkins was ousted from his role as chief executive of Barclays and months later warned the banking sector was reaching an “Uber moment”. Jenkins declared technology would be an “unstoppable force” in the banking sector and could lead to hundreds of branch closures and potentially slash the industry’s workforce by half. [...]
House prices plunge around London with Brighton, Crawley hit hardest December 30, 2025 Patches of London’s ‘stockbroker belt’ suffered the most significant decline in house prices this year, as both the capital and the South East fell behind northern regions. The West Sussex town of Crawley suffered an 8.9 per cent drop of £36,317, while High Wycombe saw a 7.4 per cent drop, with £34,994 wiped off house [...]
Motor finance: What’s next for banks and consumers in 2026? December 29, 2025 The City watchdog wrapped up the consultation on its motor finance redress in December but the two-year long scandal threatens to rumble on into the new year. The Financial Conduct Authority (FCA) pushed the deadline for feedback on its scheme to 12 December after it was originally pencilled in for 18 November. The delay came [...]
FCA: Motor finance lenders ‘very focused’ on negatives of redress December 16, 2025 The boss of the UK’s financial watchdog has taken a swipe at motor finance lenders that are begrudged with the regulator’s redress scheme, stating they are “very focused” on the negatives. In a session with the Treasury Select Committee, Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA) opened the door to changing the [...]
Lloyds boss: Forcing banks to hoard capital is slowing UK growth December 4, 2025 The boss of Lloyds Banking Group has called on the government to take its deregulation mission further to ramp up economic growth. Charlie Nunn, chief executive of Lloyds Banking Group, welcomed recent regulatory progress, including the Chancellor’s Leeds Reforms package, but added “they are just at the start – there is more to do”. “The [...]