Banks ready to bring back dividends: NatWest and Lloyds give hope to investors as jobs crisis threatens bleak winter for Britain’s economy Bosses at NatWest and Lloyds have heralded their rock-solid balance sheets The prospect of banks resuming dividend payouts comes just as the economy is expected to take a turn for the worse By … Read more
Lloyds bank rapped for forcing small businesses desperate for Covid loans to open fee-paying business accounts By Lucy White For The Daily Mail Published: 22:40 BST, 8 September 2020 | Updated: 22:40 BST, 8 September 2020 Lloyds Bank has been given a slap on the wrist for forcing small businesses who were desperate for an … Read more
The Zoom BOOM: Company nobody had heard of before Covid is now bigger than HSBC and Lloyds put together By Francesca Washtell For The Daily Mail Published: 22:16 BST, 1 September 2020 | Updated: 22:40 BST, 1 September 2020 A video conferencing company that few had heard of before lockdown is now worth more than … Read more
A customer adviser for Lloyds bank sold customers’ account details to her friend who was a gambling addict. Jaspreet Marwaha, from Birmingham, gave the information of more than 80 accounts to Mohammed Saif Maqsood, from Blackburn, who paid £50 for each set of card details and swiped between £82,000 and £92,000 from them. At one point the … Read more
Lloyds warns that second wave of coronavirus cases could send UK into double-dip recession By Helen Cahill, Financial Mail On Sunday Published: 21:58 BST, 15 August 2020 | Updated: 21:58 BST, 15 August 2020 Lloyds has warned that a second wave of Covid-19 cases could send the UK into a double-dip recession. Angus Armstrong, chief … Read more
Another scandal is threatening to engulf Lloyds Bank boss Antonio Horta-Osorio before he signs off next year. The Portuguese chief executive has admitted he knew of an alleged fraud in the HBOS Bristol branch which may have affected hundreds of small business customers. Lloyds may now face a criminal inquiry over the events in Bristol, … Read more
New blow for first-time buyers as Lloyds axes popular ‘family mortgage’ deal that allowed purchasers with no deposit to get on housing ladder The bank has stopped accepting new applications for its Lend a Hand mortgage First-time buyers as 95 per cent of loan to value deals disappear from the market Conditions on those deals … Read more
Lloyds dives into red as it warns of pandemic’s ‘profound’ impact on economy and says up to £5.5bn in loans could go bad By Matt Oliver For The Daily Mail Published: 22:27 BST, 30 July 2020 | Updated: 22:27 BST, 30 July 2020 Lloyds Banking Group dived into the red as it warned of the … Read more
Lloyds Banking Group slumped to a pre-tax loss of £602million in the first half of the year, warning investors that the impact of the pandemic was more ‘profound’ and ‘much larger’ than it expected. The lender has set aside £3.8billion for a spate of bad debts expected once furloughing ends, more mass job cuts emerge … Read more
Lloyds diverts 1,000 staff to help customers in debt as economic crisis deepens It expects to see an increase in the number of people falling behind on debts Staff encouraged to transfer to the bank’s Customer Financial Assistance team By Helen Cahill For The Mail On Sunday Published: 22:24 BST, 25 July 2020 | Updated: … Read more