High street bank bosses warn of rising fraud threat from social media March 20, 2024 Bosses from the UK's biggest high street banks have told MPs that they are improving their fraud reimbursement rates, while calling for greater cooperation with social media companies to prevent scams that originate on their platforms.
Lloyds set to become main payments processor for Paypoint as bank expands small business footprint March 20, 2024 Lloyds is set to become the main processor of card payments for Paypoint's 60,000-strong network of small businesses and retailers.
UK economy continues to bounce back as most sectors return to growth, new survey shows March 18, 2024 "Growth is continuing to spread to more and more parts of the UK economy as conditions improve," Nikesh Sawjani said.
Lloyds to sell £6bn of Scottish Widows bulk annuities to Rothesay March 13, 2024 After the transfer, policyholders included in the sale will begin to receive benefits normally.
Lloyds becomes first high street bank to invest in community lenders after backing £62m fund March 4, 2024 CDFIs are non-profit lenders based in local communities that make personal loans at low interest rates to households and businesses which struggle to access credit elsewhere.
Why Gen Z are quitting their jobs to focus on side hustles February 29, 2024 Members of Gen Z are more likely than other generations to make side hustles a full-time gig, according to new research.
UK economy: Business confidence remains high with firms set to increase headcount February 29, 2024 Despite falling into a shallow recession in the second half of last year, business surveys have pointed to an upturn at the beginning of the year.
Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn February 22, 2024 A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Lloyds sets aside £450m for FCA motor finance probe February 22, 2024 Lloyds Banking Group has reported a record annual profit on the back of higher interest rates while setting aside £450m for a Financial Conduct Authority motor finance probe.