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Lloyds Banking Group

The latest news and comment on Lloyds Banking Group

July 2024

  • Woman passes estate agent's window

    Lloyds predicts drop in defaults on loans and mortgages as UK economy improves

  • A sign outside a Lloyds Bank branch in London

    Disused Lloyds office sites to be converted into social housing

April 2024

  • Signage at a branch of Lloyds bank

    Lloyds profits fall as competition for mortgages heats up

    Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year
  • A man and a woman walking a dog walk past a branch of Lloyds on a street corner

    Observer business agenda
    Even a ‘rate shock’ for British mortgage borrowers may not help the banks

    The prospect of home loan rates staying high for longer is not the tonic for lenders’ financial results it once was
  • Taylor Swift performs in Accor Stadium, Sydney, in sequined costume in front of orange background

    Taylor Swift fans given ‘urgent warning’ as £1m lost in ticket scams

    Lloyds Bank says more than 600 of its customers have been tricked by fraudsters so far

February 2024

  • A pedestrian walks past a branch of a Lloyds Bank

    Lloyds sets aside £450m for car loan fines and payouts

  • A Barclays bank branch in London exterior

    Observer business agenda
    U-turn and profits dip add up to tricky sell for Barclays

  • an oil terminal gas flare off with an iranian flag in the foreground

    Lloyds and Santander accused of providing accounts for Iranian front companies

  • A branch of the Bank of Scotland

    Bank agrees payout over mortgages that ‘ruined lives’

January 2024

  • A branch of Lloyds Bank in the City of London.

    Lloyds to cut 1,600 jobs across branches in shift to online banking

    Overhaul likely to raise concerns for UK bank’s 2m customers who rely on branches to manage accounts

December 2023

  • A branch of Bank of Scotland

    UK mortgages: trial to rule on deals that left people with huge debts

    Decades after shared appreciation mortgage launch, case brought by law firm due to reach high court
  • Receiving a paper bank statement in an envelope.

    Your problems, with Anna Tims
    Why won’t MBNA send me paper statements?

    It is pressing me to receive statements digitally, because of some unspecified ‘issues’
  • A copy of the Daily Telegraph in a letterbox

    Barclay family regains control of Telegraph after Abu Dhabi helps pay debt

    Planned takeover still requires government approval despite Lloyds receiving funds owed

November 2023

  • The Daily Telegraph newspaper.

    MPs add to pressure on ministers to vet Barclay family’s Telegraph offer

    Call for national security law to be used to investigate proposed deal involving consortium backed by UAE
  • Charlie Nunn

    Lloyds chief urges UK policymakers to keep their hands off banks’ profits

    CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election
    • More than 2,500 jobs at risk in Lloyds shake-up

    • UK minister intends to refer Barclay family’s offer for Telegraph to Ofcom

    • MPs want UK national security law used to vet Barclay family’s Telegraph offer

October 2023

  • Elon Musk, chief executive at SpaceX, X and electric carmaker Tesla, looks on as he speaks during his visit at the Vivatech technology start-ups and innovation fair at the Porte de Versailles exhibition centre in Paris, on 16 June 2023.

    Business live
    Banks face $2bn Twitter losses says report; Canary Wharf owners inject £400m – as it happened

  • Coloured houses in Bristol

    UK house prices will not stop falling until 2025, Lloyds predicts

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