Lloyds Banking Group

Lloyds Banking Group will cut a further 5,000 roles from its UK operations by the end of next year, it confirmed today.

Royal Bank of Scotland and Lloyds Banking Group have been accused of forcing cash-strapped firms to use their investment banking services as a condition of lending, according to Reuters.

Gordon Brown appeared to step back from a G20 declaration to introduce a bank tax after Downing Street insisted that he was merely trying to open a debate on raising new money from the City.

Neptune founder and managing director Robin Geffen says the group will be avoiding Lloyds and RBS, labeling yesterday's rights issue announcements a "rescue operation".

Insight Investments has announced around 120 jobs will be lost by March 2010, following the migration of its assets to SWIP and BNY Mellon.

In September the Financial Ombudsman Service (FOS) published company specific complaints data for the first time while the ABI has published company aggregated data.

Rathbones has agreed to acquire up to £1.27bn in private client funds from Lloyds Banking Group for a cash consideration expected to be about £35.4m.

Lloyds Banking Group will sell its Halifax estate agency to LSL Property Services for just £1, with a loss of 460 jobs, reports the BBC.

The multibillion-pound self-certification mortgage industry, in which customers are not required to provide proof of income, is set to be banned by the financial regulator.

Lloyds Banking Group has submitted new plans to the FSA in a bid to cut its participation in the government-backed toxic debt insurance scheme.