Abu Dhabi-backed offers to pay off Barclay family debt in bid for Telegraph November 20, 2023 Abu Dhabi-backed investment fund Redbird IMI has offered to provide "a package of loans" to the Barclay family to help them repay the debts they owe to Lloyds Banking Group in a bid to take control of the Telegraph and Spectator publications.
Lloyds becomes first high street bank to invest in community lenders after backing £62m fund March 4, 2024 CDFIs are non-profit lenders based in local communities that make personal loans at low interest rates to households and businesses which struggle to access credit elsewhere.
Lloyds to cut 1,600 jobs in transition from branches to online banking January 25, 2024 Lloyds Bank is to cut some 1,600 jobs across its branch network, a company spokesperson has told City A.M., as part of its shift towards digital services. The move from Britain’s largest domestic bank is the latest in a series of layoffs within the sector amid margin pressure from peaking interest rates and fierce competition [...]
Lloyds, Barclays and Natwest: FTSE 100 bank shares slide on fears of US recession August 5, 2024 The UK's biggest banks were among FTSE 100 stocks hit by a global sell-off on Monday as investors were spooked by the prospect of a US recession.
Lloyds banking group lifts forecasts as UK economic outlook brightens July 29, 2021 Lloyds banking group has lifted its forecast for the year after the UK’s economic outlook has brightened in the past six months amid its vaccine rollout. Statutory profit before tax hit £3.9bn in the six months to 30 June, a ‘significant’ increase from the first half of 2020. The banking group has confirmed it bought [...]
Paying off debt is preventing half of all SMEs from investment and growth, Lloyds Bank warns October 25, 2021 More than half of small and medium sized enterprises are held back from investing in itself to grow for the future as funds are taken up by debt repayments. The warning comes from Lloyds Bank, which said this morning that even though the debt repayments are affordable for most SMEs, servicing the debt does prevent [...]
Barclays, Lloyds, Halifax and Bank of Scotland to shut 63 more branches – including in London June 2, 2023 Two of the country’s biggest banking giants have announced they are slashing another 63 branches, taking away services from local communities around the UK. Barclays and Lloyds Banking Group between them announced a series of closures which are due to take place later this year or early next year. Barclays said on Friday it was [...]
Metro Bank: Natwest, Lloyds and Santander UK consider buying parts of lender – report October 8, 2023 The Bank of England has reportedly been canvassing some of the UK’s most high profile banks to gauge their interest in purchasing Metro Bank.
Moneyhub eyes London IPO after £35m cash injection October 24, 2022 Fintech firm Moneyhub said it was eyeing up a London listing today as it bagged £35m in fresh funding from investors including Legal & General and Lloyds Banking Group.
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.