All the updated news related to lloyds banking group

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City

Lloyds profits fall as it sets aside £377m for loan defaults over living costs

Lloyds Banking Group revealed that customers have ditched 2.2 million subscription services since last summer in the face of soaring inflation as it posted a fall in half-year profits and higher loan default provisions. The high street lending giant ...

27 Jul 2022 at 09:48

City

TSB to hand out £1,000 cost-of-living bonus to 4,500 staff

Around 4,500 staff at TSB are to be given a £1,000 bonus after the high street lender became the latest firm to announce payouts to help employees weather the cost-of-living crisis. The payment will be made to all staff at the bank earning up to ...

25 Jul 2022 at 16:49

City

Lloyds profits beat expectations but £377m put by for loan losses in cost crisis

Lloyds Banking Group has posted better-than-expected half-year profits, but revealed a £377 million hit to cover loan losses and further signs that customers are battening down the hatches amid the cost-of-living crisis. The high street lending ...

27 Jul 2022 at 12:55

City

Lloyds Banking Group to shut 66 more branches

Lloyds Banking Group will close 66 bank branches between October and January of next year, it has emerged. It confirmed 48 Lloyds Bank branches and 18 Halifax branches will shut down as part of broad trend which has seen big banks ditch the ...

26 Jul 2022 at 17:15

City

A list of all Lloyds, Halifax and Bank of Scotland branches to close

Lloyds Banking Group said it would close 60 branches across the country. Here is a list of all sites due for closure, and the date they will shut. Bank of Scotland Aberdeen 201 Union Street – September 14 Alness – July 27 Brechin – August ...

23 Mar 2022 at 13:55

City

Lloyds sees profits rocket to £6.9bn on loan loss release and mortgage boost

Lloyds Banking Group has become the latest lending giant to post a bumper annual profit haul after releasing Covid loan loss provisions thanks to the UK’s economic recovery. The group reported pre-tax profits surging to £6.9 billion in ...

24 Feb 2022 at 08:55

City

Lloyds sees profits rocket to £6.9bn but reveals fraud hit

Lloyds Banking Group has become the latest lending giant to post a bumper annual profit haul and reveal a return to bonuses despite a hit from fraud costs. The group reported pre-tax profits surging to £6.9 billion in 2021, up from £1....

24 Feb 2022 at 10:55

City

Banker bonuses in the spotlight as Barclays and Lloyds to reveal profits leap

A bumper profit haul is expected when lending giants Barclays and Lloyds Banking Group report their annual figures, with big bonuses set to make a come back as the sector rebounds from the pandemic. New bosses at both Barclays and ...

18 Feb 2022 at 13:25

Lloyds bank workers to protest outside annual meeting

Lloyds staff will stage a protest outside the bank’s annual meeting on Thursday as part of a dispute over pay. Members of the Unite union will tell those attending the meeting in Edinburgh that low paid employees can’t afford to ...

12 May 2022 at 08:25

City

Sterling drops but gas generators lift the FTSE 100

The pound plummeted but London’s top index was propped up by rises in energy companies and banks which breathed a sigh of relief following the Chancellor’s budget. SSE and British Gas owner Centrica saw their shares push ...

17 Nov 2022 at 18:23

City

Lloyds sees signs of customer belt-tightening as cost-of-living crisis bites

Lloyds Banking Group flagged early signs that customers are tightening their belts in the face of the cost-of-living crisis as it cut its outlook for the UK economy and posted lower profits. The lending giant said it ...

27 Apr 2022 at 09:55

City

Lloyds cuts UK economic outlook amid inflation concerns as profits fall

Lloyds Banking Group warned over an “uncertain” wider UK economy due to soaring inflation as it posted a 14% drop in quarterly profits. The lending giant reported pre-tax profits of £1.6 billion for the first three ...

27 Apr 2022 at 08:55

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