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...Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”....
...Lloyds Banking Group said it had closed the accounts of about 0.6 per cent of its SME customer base in 2023, mainly because of financial crime concerns....
...Lloyds Banking Group said it could not comment on individual customers but complied with sanctions laws....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Lloyds Banking Group has rebuffed the latest £1bn attempt by the Barclay family to reclaim the Telegraph, attempting to reassure unsettled bidders in an auction for the British newspaper group....
...For its part, Lloyds Banking Group announced a £450mn provision relating to the Financial Conduct Authority’s investigation into historic car finance commissions, a 15 per cent dividend bump, and a £2bn...
...Lloyds Banking Group has set aside £450mn to cover the potential costs of a regulatory probe into whether customers were overcharged for car financing loans, which analysts have said could cost the industry...
...Lloyds Banking Group owns Black Horse, the UK’s largest motor finance provider. Lloyds announced the provision on Thursday alongside its fourth quarter results....
...These range from Lloyds Banking Group (through its financing arm Black Horse) to Close Brothers and other smaller groups....
...The chief executive of Lloyds Banking Group has called on the UK to invest more in the green transition and answer questions about the country’s economic model....
...Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Banking Group plans to cut jobs in risk management after...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...The group’s chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in its general insurance business....
...The chief executive of Lloyds Banking Group, the largest UK retail bank, has urged the government to facilitate a “level playing field” with other markets on their financing of the green transition.Speaking...
...More than 2,500 jobs are at risk at Lloyds Banking Group, as the UK’s largest high street lender prepares to restructure its business to focus on digital services....
...Aviva said Lloyd’s, a centuries-old market selling specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group...
...Lloyds Banking Group, which owns the UK’s largest car finance lender Black Horse, has already set aside £450mn to cover the potential costs of the probe....
...The Barclay family, which lost ownership of the Telegraph Media group last year after lender Lloyds Banking Group took control of the distressed debt, said on Tuesday that Carlyle would provide £85mn of...
...The auction of the Telegraph has been paused while Lloyds Banking Group reviews a debt repayment proposal that would ultimately give control of the British newspaper to an Abu Dhabi-backed investment group...
...What the market really wants is a firm pronouncement on the future of investment banking. On this he has vacillated recently. Venkat recognises a need to rebalance the group’s businesses....
...But even among this group, ING stands out. By mid-2027, the Dutch bank has promised to hand out €12bn of dividends — a quarter of its market capitalisation....
...Those aged 55 to 64 are most likely to be hoodwinked by romance scammers, with the number of cases in this age group rising 49 per cent compared with 2022....
...The claim is among the largest filed in London’s High Court over the past year, according to litigation data analysis group Solomonic....
...Rival British bank Lloyds requires staff to be in only twice a week....
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