Lloyds
UK household wealth up by £2.36 trillion since 2001The combined increase in wealth enjoyed by the UK as a whole has reached £2.36 trillion, mainly due to the rise in house prices, new research from Lloyds says. |
Lloyds slams PPI claims process as RBS sets aside extra £125mLloyds banking Group says that the "harvesting" tactics adopted by claim management companies is unfair and wastes time and money on claims from people who were never customers. |
Lloyds ends exclusivity branch sale deal with Co-opLloyds Banking Group has confirmed that it has ended the exclusivity deal with the Co-op over the sale of 632 branches, opening the door to rival bids. |
Co-op in crunch talks as bid for Lloyds branches faltersThe Co-operative Group is set to hold crunch talks this week amid concerns it may withdraw from a £1.5 billion deal to buy 632 Lloyds branches. |
NBNK returns with new bid for Lloyds’ branchesNew banking venture NBNK has re-entered the race to buy 632 Lloyds bank branches after an offer from The Co-operative stalled due to regulatory demands. |
UK city homes at most affordable since 2003Homes in UK cities are at their most affordable for nine years with the earnings to income ratio at 5.5 times. |
Doubts emerge over sale of Lloyds branches to the Co-opRegulatory problems are putting the sale of 632 Lloyds branches to the Co-op in doubt as wrangling with the Financial Services Authority continues. |
Barclays tops list as bank complaints up by 21% in six monthsBarclays was the most complained about bank in the second half of 2011, ahead of part-taxpayer owned Lloyds and RBS. In total complaints rose by 21% to 2.2 million. |
Lloyd’s reveals £516m loss after year of natural disastersThe Lloyd’s of London insurance market has reported a loss of £516 million following the largest catastrophe claims year on record. |
Further job losses expected in banking sectorThe UK’s five biggest banks are to cut more jobs after profits were hammered by PPI claims, the euro debt crisis and higher regulatory costs, a report reveals. |
RBS and Lloyds to cut another 1,900 jobsPart state owned banks RBS and Lloyds have announced they are to shed a total of 1,900 jobs. Trade union Unite has called on the Government to intervene. |
FSA sets out how banks should contact customers mis-sold PPIIn a new development in the payment protection insurance saga, the Financial Services Authority (FSA) has issued guidelines on what letters sent to customers should contain. |
New Lloyds finance chief Culmer lands £6m pay dealThe row over bankers’ pay has flared up again after part state owned bank Lloyds awarded its new finance director a package worth up to £6 million a year. |
RBS used similar tax loophole as Barclays to avoid paying taxThe Royal Bank of Scotland used a similar tax loophole scheme as Barclays to avoid paying tax on the profits made from buying back its own debt in 2009. |
Financial complaints fall but Lloyds still tops gripes tableConsumer complaints about financial institutions have fallen by a third in the past six months, according to data from the Financial Ombudsman Service. |
Lloyds Bank set to post £4bn loss for 2011Lloyds Bank is expected to post a loss of £4bn when it announces its financial results for 2011 tomorrow due in part to a £3.2bn bill for Payment Protection Insurance compensation. |
Pressure on Horta-Osorio as RBS and Barclays shun clawbacksRBS and Barclays do not expect senior staff to repay bonuses awarded whilst PPI selling went on but Lloyds boss Antonio Horta-Osorio is under pressure to repay some of the signing-on award he received when he joined Lloyds. |
Lloyds Bank claws back bonuses from top staff who mis-sold PPILloyds Banking Group has announced that ten top executives will have to repay part of bonuses previously awarded as a penalty for the mis-selling of payment protection insurance (PPI). |
Bailed-out banks RBS & Lloyds to announce losses for 2011The likelihood of the UK taxpayer being repaid the £66 billion owed for bailing out the Royal Bank of Scotland and Lloyds any time soon is expected to dwindle this week when both banks announce their 2011 results. |
OFT slams speed of banking reforms by "big four"John Fingleton, the head of the Office of Fair Trading has hit out at the "big four" UK banks for not making changes to benefit competition and customers quickly enough. |
Lloyds pledges to keep all branches open for three more yearsLloyds which runs HBOS, Halifax and Bank of Scotland has pledged to not reduce the number of branches it has open for three more years and will not shut a branch if it is the last one in a community. |
Barclays Bob Diamond to lead the way in 2012 banker bonus seasonBarclays Bob Diamond is set to lead the way with a million pound bonus and will be joined by executives from RBS, 83% owned by the taxpayer, despite falls in the banks share price. |
Lloyds chief executive refuses to take bonusAntonio Horta-Osorio, chief executive of Lloyds Banking Group, will not receive a bonus for 2011. |
Lloyds boss Horta-Rosorio will return to work in Jan 2012The Chief executive of Lloyds, Antonio Horta-Rosorio has been given the all clear to return to work on January 9th 2012 after recovering from "extreme fatigue". |
ABI says "no longer business as usual" on banker bonusesThe Association of British Insurers (ABI) which invests on behalf of one in six UK investors says it expects to see "significantly lower bonus pools" this year. |
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