Lloyds Banking Group

CONDENSED

MASS MARKET MISTAKE

Lloyds Banking Group (LBG) is pulling its mass market investment advice service for investors with less than £100,000 to invest.

A former security chief at Lloyds Banking Group has been jailed for five years for submitting false invoices to claim payments from the bank.

Lloyds Banking Group is being investigated by the Financial Services Authority (FSA) over commission payments on its retail product sales, according to the Financial Times.

Lloyds Banking Group has sold off a £1bn portfolio of private equity investments as part of its plan to offload non-essential holdings.

Jessica Harper, a former head of online security at Lloyds Banking Group, has admitted carrying out a £2.5m fraud.

Lloyds Banking Group has reported a loss of £439m in the first half of the year, after the bank was forced to set aside an additional £700m for payment protection insurance (PPI) claims.

The Co-operative Group has agreed terms with Lloyds Banking Group to purchase 632 bank branches.

Lloyds Banking Group is close to selling some 630 branches to the Co-operative Group at a significant discount to the original price tag of £1.5bn, reports suggest.