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...Mark Brown, general secretary of the independent BTU union, said Lloyds seemed to be “throwing the baby out with the bathwater” just as the lender was under scrutiny as part of an industry-wide probe into...
...Lloyds said its £62mn Community Investment Enterprise Fund aimed to invest in roughly 800 small businesses in England and Wales as the high street bank seeks to boost its environmental, social and governance...
...Santander initially fell as much as 5.6 per cent and Lloyds 2.9 per cent after the FT report....
...The bank, which placed the Telegraph into receivership in June, rejected a £1bn offer initially made by the family and backed by Middle Eastern investors as recently as three weeks ago, according to two...
...The new chair will be tasked with reviving the bank’s share price, as well as overseeing a potential succession process for chief executive Bill Winters, the longest-serving UK bank executive....
...RedBird IMI, which has been advised by investment bank Robey Warshaw, could hire another bank for the sale....
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...Some forecasts had predicted that the bank’s CET1 ratio might fall to 12.5 per cent because of this regulatory entanglement. As things stand, Lloyds will pay down to a CET1 of 13.5 per cent this year....
...The bank said the £450mn provision included operational and legal costs, as well as potential customer redress....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...The figures are based on the responses it received from the big four UK high street banks — Barclays, HSBC, Lloyds and NatWest — as well as Handelsbanken, Metro, Santander and TSB....
...Next week, Barclays boss CS Venkatakrishnan — known as Venkat — must offer a plausible fix for this at the bank’s first strategy overhaul in almost a decade....
...A person familiar with Lloyds’ plans said the latest restructuring was part of a push by the bank towards greater digitalisation, with as many as 120 jobs set to be created as a result of the shift....
...When Duffy joined as boss of CYBG in 2015 Crosbie was chief operating officer, a role she held for four years until she left to run TSB Bank....
...The Lloyds boss warned last year of “nervousness” and “concerns about the UK as an investment thesis”....
...Rival British bank Lloyds requires staff to be in only twice a week....
...Blackstone is marketing the BP and BCG office known as “Cargo”, formerly home to the Financial Conduct Authority, which it bought in 2014 for about £165mn....
...Lloyds Bank, which owns Black Horse, the UK’s largest car finance provider, last month set aside £450mn to cover potential redress costs linked to the probe....
...Lloyds is one of the UK’s largest lenders and credit card providers, and is widely seen as a bellwether for the economy....
...“I am grateful to Lloyds Bank and it is good to see at least one high street lender is not politically prejudiced,” Farage told the Financial Times on Friday....
...The bank is targeting 8 per cent Rote for 2024. By comparison, NatWest and Lloyds, the country’s two largest retail banks, achieved Rote of 17 per cent in the first nine months of 2023....
...Lloyds has the largest exposure to the sector, with RBC estimating the high street bank could suffer a £2bn hit....
...Lloyds Banking Group is set to push ahead with the auction of the Telegraph newspaper and Spectator magazine as early as this week, despite a fresh attempt to derail the process by the Barclay family with...
...Lloyds Bank has picked BlackRock’s iShares arm for the launch of an exchange traded fund service designed to attract do-it-yourself investors....
...History provides the reasons for such self-examination, as well as clues for today’s management and regulators....
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