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Lloyds Banking Group

  • Barclays, Lloyds, Halifax and Bank of Scotland to shut 63 more branches – including in London

    Branch closures

    Two of the country’s biggest banking giants have announced they are slashing another 63 branches, taking away services from local communities around the UK. Barclays and Lloyds Banking Group between them announced a series of closures which are due to take place later this year or early next year. Barclays said on Friday it was [...]

  • Morning in the City: Live news and updates on Nationwide, Lloyds Bank and the rich list

    Live updates

    Good morning and welcome to the City A.M. Live blog on Friday 19 May. We bring you update from Nationwide Building Society, Lloyds Bank’s new report saying Britain is powering away from a dreaded recession, and GFK consumer figures.

  • Lloyds AGM hit by flexible working protests after telling staff to come back to the office

    Lloyds AGM

    Lloyds’ annual general meeting (AGM) was hit by protests about its flexible working policies and its fossil fuel financing, but all motions ended up passing with massive majorities.  Speaking at the bank’s AGM in Edinburgh on Thursday, representatives from Unite argued that trialled changes to its hybrid working policies disadvantaged women, carers and working parents.  [...]

  • Lloyds profits swell by nearly 50 per cent as bank boosted by interest rate rises but guidance remains unchanged

    May 3, 2023

    Lloyds first quarter profits rose 46 per cent as the bank became the latest UK lender to see its bottom line boosted by a hike in interest rates. The lender’s pre-tax profits came in at £2.3bn compared to £1.5bn the same quarter last year. Charlie Nunn, chief executive of Lloyds Banking Group said: “The group [...]

  • FTSE 100 close: Wall Street sea of red offsets HSBC and Persimmon gains in London

    May 2, 2023

     London’s FTSE 100 was dragged deep into the red in the final hours of trading today after Wall Street was pushed lower by investors sweating over more possible banking collapses. The capital’s premier index initially climbed in the morning before eventually closing 1.23 per cent lower at 7,774.12 points, while the domestically-focused mid-cap FTSE 250 [...]

  • Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide

    May 2, 2023

    Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]

  • Lloyds Bank orders staff to return to the office ‘at least’ two days a week

    April 28, 2023

    Hybrid workers will have to spend at least two days a week in the office, Lloyds has told staff, with “card swipe data” used to monitor their return.

  • Sir Win Bischoff ‘was a giant of our industry’ JP Morgan chief Jamie Dimon says after City grandee dies aged 81

    April 26, 2023

    Heartfelt tributes have been paid to City grandee Sir Win Bischoff who has died at the age of 81 following a short illness. The German-born banking boss who had top roles at Schroders, chair of Lloyds Banking Group and Citigroup, as well as JP Morgan, enjoyed a 50-year career in both the City and Wall [...]

  • CBI exodus: Which firms have quit or suspended their relationship with the lobby group?

    April 21, 2023

    A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.

  • FTSE 100 close: London index muted as Barclays and Lloyds Bank give up early gains

    April 20, 2023

    London’s FTSE 100 was muted today as investors ditched mining giants, curbing the sector’s recent rally, while high street banks gave up strong early gains. The capital’s premier index edged 0.01 per cent high to 7,899.48 points, while the domestically-focused mid-cap FTSE 250 index, which is more responsive to sentiment toward the UK economy, nipped [...]

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