Barclays and Natwest to set tone for Big Four banks in year ahead February 12, 2025 As Britain’s Big Four banks prepare to post annual results, analysts expect “strong” performances, but warned of long-term challenges. Barclays and Natwest will lead the first round of results this week, with the pair reporting on Thursday and Friday respectively. This will be followed by HSBC on February 19 and Lloyds on February 20. The [...]
Lloyds partners with ‘Duolingo of money’ to target Gen Z February 10, 2025 Lloyds Bank has partnered with fintech platform Doshi to improve young people’s financial literacy through “gamified learning”. The Big Four bank is launching a six month pilot, targeting 18 to 24 year-olds to make financial education “fun and accessible”. Doshi’s founder Daniel Rose told Morning Wire high street banks do not have “much time left” [...]
Lloyds places thousands of jobs under review in tech overhaul February 7, 2025 Lloyds Banking Group has placed thousands of jobs in its IT division under review as the lender races to beef up its engineering teams and modernise its digital banking offer, Morning Wire can reveal. The FTSE 100 bank told some 6,000 tech and engineering staff on Wednesday that their jobs may be at risk of [...]
Over 100 Lloyds, Halifax and Bank of Scotland branches to close January 29, 2025 More than 100 Lloyds, Halifax and Bank of Scotland high street branches are to close, it has been announced. Lloyds Banking Group has confirmed it will shut 136 more high street branches as it accelerates plans to cut costs and digitise. It will close 61 Lloyds, 61 Halifax and 14 Bank of Scotland branches between [...]
Lloyds Banking Group unveils £200m plan for head office January 27, 2025 Lloyds Banking Group has unveiled £200m plans to transform the headquarters of Scottish Widows to become the giant’s main base in Scotland. The Port Hamilton building on Morrison Street, Edinburgh, is to be designed in partnership with Drum Property Group. Lloyds Banking Group employs around 10,000 people in the Scottish capital. Located in the city’s [...]
UK economy: Only three sectors report growth as Reeves’ woes deepen January 20, 2025 The number of sectors seeing higher output in December was at its lowest level since September 2023.
Lloyds Banking Group to shut major office impacting 500 staff January 15, 2025 Lloyds Banking Group will shut its office in Liverpool later this year, in a move set to impact the site’s 500 staff. The group said its decision to close its Speke location is part of broader plans to run “fewer, better-equipped” offices amid efforts to cut costs. In a statement, Lloyds said it has not [...]
Lloyds Bank ties bonuses to office attendance January 14, 2025 The Guardian reported that Lloyds is reviewing office attendance as part of its bonus targets for around 60,000 of its most senior employees.
Fraud watchdog makes arrest in collapsed Arena Television probe December 17, 2024 The Serious Fraud Office (SFO) has arrested a man in connection to its investigation into the collapsed broadcaster Arena Television
Lloyds boss says motor finance scandal poses threat to UK economy December 4, 2024 The chief executive of Lloyds Banking Group has warned that controversy over now-banned motor finance deals poses a threat to the UK economy. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Charlie Nunn said a shock court ruling in October over ‘secret’ car loan commissions “creates an investability problem” for Britain’s wider consumer [...]