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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....
...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....
...The move would cement the group as one of the biggest underwriters in the London market. This year, the company will write around £2bn of business within Lloyd’s itself....
...Until then, the Barclay family, whose stake in the group was seized by Lloyds Banking Group, retain technical ownership of the newspaper, but with no operational control....
...Executive search firm Spencer Stuart has been gauging interest from a range of City of London figures and senior bankers for one of the most senior roles in British banking, according to several people familiar...
...Other changes announced internally on Tuesday include the creation of a new group chief operating office, to be led by Jen Tippin, who joined the bank from Lloyds Banking Group four years ago....
...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....
...Profits at Lloyds Banking Group fell below expectations in the first quarter, as a windfall from higher interest rates for the high-street bank has continued to wane....
...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...
...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...
...These range from Lloyds Banking Group (through its financing arm Black Horse) to Close Brothers and other smaller groups....
...Lloyds Banking Group owns Black Horse, the UK’s largest motor finance provider. Lloyds announced the provision on Thursday alongside its fourth quarter results....
...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...
...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....
...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....
...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....
...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....
...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....
...Financial stocks like Legal & General and Lloyds Banking Group, which offer attractive dividend yields of 8.18 per cent and 5.6 per cent respectively, are also included....
...Rival British bank Lloyds requires staff to be in only twice a week....
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