Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
    • The University of Bath
    • AON
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • The Trend Micro Cybersecurity Knowledge Hub
    • Talk Crypto
    • Schroders Talk
    • M&A Talk
  • Crypto A.M.
    • Crypto News
    • Crypto Magazine
    • Crypto AM Summit & Awards 2022
  • Opinion
    • Features
    • Letters
    • The City View
  • Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Doceo
    • Warwick Business School
    • 10 solutions to help you plan for a more secure future
    • 10 ways to run a more efficient business
    • Eight Finance and Legal Solutions to help you make better use of your Assets
    • The Business Guide
  • Unwind
    • Life & Style
    • Sport
    • The Punter
    • LIV Golf
    • Travel
    • Sport Business
    • The Punter Podcast
    • Aramco Team Series
    • Culture
    • Green Economy
    • The Magazine
    • The DiverCity Podcast
  • Impact A.M.
  • Latest Paper
  • Jobs
  • CityAM Awards 2023
Breaking News
Hunt hits back at recession ‘declinism’

Lloyds Banking Group

  • Borrowers warned of rise in ‘advance fees’ scams with over £700 lost on average and Londoners more likely to fall victim – Lloyds Bank

    Lloyds

    The rising cost of living has lead to 82 per cent increase in financial scams that target victims by charging fees for products and services that do not materialise, according to Lloyds bank. Victims lost £711 on average, and although the amount lost is lower than £1,194 recorded the previous year, the bank said fraudsters [...]

  • Where are Lloyds and Halifax closing 40 branches in 2023 and what does the high street exodus mean for you?

    Branch closures

    Lloyds Banking Group said it will close a further 40 branches this year, as the exodus of banking branches from Britain’s high streets continues.  Lloyds will close the doors at 22 branches while there will be 18 closures at Halifax. The branches will be closed between April and June this year. The bank noted that [...]

  • UK banks’ shares slide on fears of recession and bad debt

    Banking

    UK banks’ share prices dipped on Thursday as increasing fears of recession, bad debt and a fairly poor set of US bank earnings this week spooked investors. Barclays shed 2.8 per cent, HSBC 0.6 per cent and Standard Chartered 0.8 per cent. Domestic-focused lenders Lloyds and Natwest also traded lower, finishing down 1.0 per cent [...]

  • FTSE 100 close: Persimmon and Taylor Wimpey pull index away from record high

    January 19, 2023

    London’s FTSE 100 index registered one of its worst days since the turn of the year, pulling it away from its record high.  The capital’s premier index shed 1.07 per cent to drop to 7,747.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell [...]

  • LendInvest: Property fintech brings Lloyds funding deal to £300m for mortgage market push

    January 17, 2023

    LendInvest has secured a new £120m funding boost from Lloyds Bank today as it prepares a push into the UK’s £1.2tn homeowner mortgage market for the first time. The London-listed property fintech firm said Lloyds had now offered up a credit facility worth £300m after striking a deal for an initial £180m in October to [...]

  • Why UK banks are not going to cause another financial crisis

    January 15, 2023

    UK banks are better prepared to withstand a jump in home loan defaults, cooling fears of a repeat of the financial crisis, analysts have told City A.M. Strict affordability rules implemented after the 2008 banking crash have strengthened lenders’ loan books, meaning they are well insulated from a potential rise in defaults caused by last [...]

  • Sign of the times: Bank branches shut doors in their thousands

    December 24, 2022

    More than 5,000 bank and building society branches have closed over the past seven years, according to analysis from Which? The consumer group counted 5,162 bank and building society branches which have closed since January 2015. A further 206 branches are set to close by the end of 2023, according to the Which? findings, as [...]

  • Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding 

    December 20, 2022

    A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh of relief for people trapped in unsellable properties. Lenders withdrew mortgage provisions for unsafe flats following the Grenfell Tower disaster, when 72 people were killed in a fire at a high-rise block in [...]

  • Lloyds swoops in for ING’s tech leader as its new COO

    December 15, 2022

    Lloyds has swooped in for the top brass at ING as the lender announces a Ron van Kemenade as its new Chief Operating Officer (COO). He will join next year from ING where was chief technology officer and a member of its executive committee.  Charlie Nunn, CEO at Lloyds Banking Group, said: “This is a [...]

  • Difficult decision to come from Sunak and Hunt on bank surcharge

    October 30, 2022

    The government has not ruled out reversing a tax cut on the UK’s biggest banks as it scrambles to overfill a huge hole in the public finances. Asked today by City A.M. if chancellor Jeremy Hunt and prime minister Rishi Sunak would commit to cutting the bank surcharge, an effective windfall tax, the Treasury said [...]

Posts navigation

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 23
  • Next

Trending Articles

  • Reddit user's outrageous pan project sends internet into meltdown

  • Kremlin 'power grab' in full swing as controversial Wagner Group boss pushes Putin to boot defence chief Shoigu

  • Recession risks ramp up as UK economy goes ‘from bad to worse’

  • A Russian billionaire, the Dyson family, Gym Shark founder and Sting are among 100 of the richest Brits who paid nearly £5.2bn in tax during 2022

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2023

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2023 City A.M. Limited