Category: Lloyds
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Lloyds bankers risk bonus cuts over two-day office rule
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Senior bankers at Lloyds Banking Group risk having their bonuses cut if they fail to meet new in-office requirements, which require being on site at least two days a week. The move, revealed ahead of FY2024 bonuses next month, comes as major employers are backing away from remote working arrangements…
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Car finance crisis set to cost billions and dent investor confidence, warns Lloyds boss
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A worsening car finance crisis could deal a major blow to Britain’s economic prospects, according to the head of the country’s largest retail bank. Charlie Nunn, chief executive of Lloyds Bank, warned that uncertainty caused by the latest court rulings was undermining investor confidence and risking a multi-billion-pound claims storm…
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Doubts grow over release of long-awaited HBOS scandal report as Lloyds resists full disclosure
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An independent review into whether Lloyds Banking Group concealed a £1bn fraud linked to HBOS may not be fully disclosed, sparking accusations that the bank “cannot face the truth”. The review, led by Dame Linda Dobbs, examines Lloyd’s response to a fraud scandal at the Reading branch of HBOS. The…
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Cyclists urged to consider insurance to enhance safety, says Lloyd’s chief
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John Neal, chief executive of Lloyd’s of London, the world’s largest insurance market, says cyclists should consider taking out insurance to protect themselves and pedestrians. Neil’s comments come in response to a series of serious accidents involving cyclists, which have sparked renewed debate about the need for mandatory insurance. Neil…