Lloyds Banking Group

Lloyds Banking Group said it has reduced its outstanding capital requirement to below £2bn, following the £8.6bn aggregate shortfall figure announced yesterday.

Lloyds expects to spend more than £1.6bn selling off 630 of its branches to form a new TSB Bank later this summer.

The Co-operative Bank has reached agreement with the Prudential Regulation Authority (PRA) to plug a £1.5bn capital hole in its balance sheet.

Two senior executives from Lloyds Banking Group will appear before the Treasury Select Committee next week to answer questions over the collapsed branch sale to the Co-operative Group.

Lloyds Banking Group has admitted to failings in its handling of payment protection insurance (PPI) complaints, following an undercover investigation.

Lloyds has said it will raise £450m in gross proceeds by selling a 15% stake in wealth manager St. James' Place (SJP).

IFAs in Scotland could see regulatory costs rise, and have to deal with an inefficient compensation scheme, should the nation's electorate vote 'yes' to independence from the UK, a government report warned.

The head of Lloyds Banking Group has expressed his concerns the "best and the brightest" students do not see banking as a credible career following a string of scandals.

Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.

Lloyds Banking Group has reported pre-tax profits of £2bn for the first quarter, well ahead of analysts' estimates, after the lender made a number of cost savings and profited from selling 20% of its stake in St. James's Place (SJP).