Lloyds CMO: Uncertainty is the price of an interesting career Opinion We dig into the memory bank of the City's great and good. Today, Suresh Balaji, chief marketing office at Lloyds, takes us through his career.
Aldermore’s sale interest shows banks are over motor finance Banking Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the runners and riders and what it could do for the market. Has the banking industry finally moved on from motor finance? The number of suiters circling Aldermore suggest as [...]
Top UK banks to raise £50m to build payments network Banking Britain’s biggest banks are set to kick off a fundraising campaign that will pave the way for a domestic payments alternative to Mastercard and Visa. The UK Payments Delivery Company (PDC) is launching an equity capital raise as part of a new model from the Bank of England, aligning with the Treasury’s National Payments Vision, [...]
Treasury sought to cap motor finance payouts, court filings claim September 1, 2026 The government sought to cap payouts in the motor finance scandal at a level lenders could absorb and the City regulator acted “unlawfully” in failing to protect consumers, new court filings seen by City AM allege. Both the Treasury and Financial Conduct Authority (FCA) are facing fresh scrutiny over the motor finance redress scheme as [...]
Lloyds Bank and Halifax users unable to use app in latest outage August 26, 2026 Lloyds Banking Group has been hit with another app outage that has left thousands of customers unable to use services. The financial giant – which has Lloyds, Halifax and Scottish Widows under its umbrella – said it was “working to get things back to normal as quickly as we can” as users took to social [...]
Lloyds and Natwest flaunt social credentials as fears grow of Burnham tax grab August 26, 2026 Lloyds and Natwest are flaunting their community credentials and pledging a raft of new social investment initiatives as fears grow that Prime Minister Andy Burnham will launch a punishing tax raid on the sector with the government’s first Budget. The two lenders are among a group of top UK banks looking to prove they can [...]
Big bank bosses on alert as tax noise gets louder under Burnham August 5, 2026 Banks have delivered booming profits for the first half of the year. In this week’s column Samuel Norman takes a look at how the calls for a tax rise on the sector will get louder under the new Prime Minister. “The saxophones are getting louder” is the internet’s new saying to depict growing anxiety. If you [...]
‘It’s going to impact work’: Lloyds to cut £2bn in costs with AI July 30, 2026 The boss of Lloyds Banking Group is preparing to wield the axe on its cost base as the bank doubles down on AI ambitions. Charlie Nunn, the chief executive of the financial services giant, said AI is “going to impact work” and “require us to reskill people and hire new people” as he revealed a [...]
Lloyds beats profit target as bank sets sights on more cost-cutting July 30, 2026 Lloyds Banking Group beat its profit forecast for the first half of the year as the bank’s top boss laid out plans to make further cost savings in the years ahead. The FTSE 100 lender – which owns the Bank of Scotland and Halifax – recorded a £4.3bn pre-tax profit in the first half of [...]
Don’t hike bank taxes, Barclays warns Burnham July 28, 2026 Barclays has warned Andy Burnham not to slap fresh taxes on banks, as fears grow the new prime minister could take advantage of lenders’ bumper earnings to launch a raid on the sector. Speaking after Barclays’ half-year results this morning, executives warned that banks already faced the highest rates of tax globally and saddling them [...]