Lloyds Banking Group

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).

The man tasked with selling off the government's stake in Royal Bank of Scotland (RBS) and Lloyds Banking Group (Lloyds) has quit.

Co-operative Group has pulled out of a deal to buy 632 branches from Lloyds Banking Group, saying it was not in the best interests of its members to proceed.

Lloyds Banking Group representative, Steve Colsell, is to step down from the board at St James's Place (SJP) and be replaced by Sue Harris and Alison Hewitt.

The Banking Standards Commission has asked the Financial Services Authority (FSA) to consider if three former HBOS bankers should be barred from future roles in the financial sector.

Lloyds Banking Group has been criticised after announcing 550 job cuts which trade union Unite said would come on top of the 1,340 lay-offs revealed earlier this year.

Lloyds Banking Group expects to raise about £520m from the sale of part of its stake in wealth manager St James's Place (SJP).

The chief executive of Lloyds Banking Group has suggested claims management companies should be forced to cover the costs of false claims.

Lloyds Banking Group has announced it is to axe 170 roles within the retail division.

Lloyds Banking Group has fired a 'rogue trader' after it uncovered a scheme designed to inflate the executive's bonus.