Category: Lloyds
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Lloyds profits shrink by a fifth as car finance saga drives up provisions
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The Lloyds Banking Group collection recorded a 20 percent decrease in annual profits before taxes for 2024, the loss of the city’s expectations amid high costs and one -time fee linked to the continuous kinetic finance committee scandal. FTSE 100 lending a profit of 5.97 billion pounds in the past…
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Lloyds under fire to publish full £1bn HBOS fraud review
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The Lloyds Banking group has been urged to issue the full version of a long -awaited review of whether it is hiding a billion pounds of a billion pounds linked to the HBOS reading branch. Ms. Meg Heller, Chairman of the Treasury Committee, called for Lloyds to publish a “full…
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Lloyds braced for £1bn tax clash in Ireland losses row
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LLOYDS Banking Group faces a billion pounds of a billion pounds after the tax court ruled against it in a conflict linked to losses in Ireland, which dates back about 15 years. The first -class court tax room refused to resume the lender against HM and Customs revenues that LLOYDS…
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Lloyds Banking Group announces closure of a further 136 branches
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LLOYDS Banking Group has announced plans to close 136 other streets throughout the United Kingdom, with 61 LLOYDS, 61 Halifax and 14 sites from Scotland Bank to be closed between May and March 2026. The move comes after the bank saw that more and more customers drag daily transactions across…
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Lloyds CEO applauds Treasury move to tackle motor finance mis-selling
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Charlie Nan, CEO of Lloyds Banking Group, welcomed the government’s decision to interfere in the issue of poor sale of historical cars financing, and expressed his hope that this will help in achieving clarity in an industry that is subject to legal and regulatory pressure. His comments following the Ministry…
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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…