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Lloyds Banking Group

Investment

Lloyds confirms 10% of workforce to go as PPI bill soars past £11bn

Lloyds Banking Group has set aside an extra £900m in payment protection insurance (PPI) provisions and confirmed it will cut 9,000 jobs as part of a switch from high street to digital banking.

clock 28 October 2014 •

Your profession

IFA hires ex-Barclays Wealth team for regional push

Corporate benefits and wealth management firm Premier has hired a former Barclays Wealth director and his team of six in a bid to expand across the South-West.

clock 23 October 2014 •

Regulation

Secret email shows Lloyds still pressures staff over sales despite £28m fine for mis-selling

Lloyds is continuing to pressurise staff to mis-sell credit cards, loans and insurance, a leaked email has revealed - just months after the bank was fined £28m for promoting a ruthless sales culture.

clock 11 August 2014 •

Pensions

DWP charge cap hits Lloyds' pension profits

Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.

clock 31 July 2014 •

Regulation

Regulators hit Lloyds group with £218m fine for fees and rates manipulation

Lloyds Banking Group has been fined a total of £218m by UK and US authorities for a series of failings, including manipulating fees it owed to the Bank of England (BoE) for a taxpayer-backed scheme designed to support the UK's banks during the financial...

clock 28 July 2014 •

Equities

Income managers pull back on Lloyds after dividend delays

UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.

clock 08 July 2014 • 2 min read

Critical Illness

Scottish Widows confirms re-entry into IFA market

Provider Scottish Widows has confirmed it will be re-entering the IFA market with protection products next year.

clock 26 June 2014 •

Economics / Markets

Lloyds sets TSB IPO price below book value

Lloyds will price its initial public offering of TSB at between 220p and 290p per ordinary share, with the float set for 20 June.

clock 09 June 2014 •

Economics / Markets

Treasury to tell banks to increase competition in lending to SMEs

The Treasury is expected to appeal to the UK's biggest banks to increase competition in lending to small and medium-sized businesses.

clock 27 May 2014 •

Housing market

Lloyds caps affordability to 4x income to rein in raging market risk

Lloyds, the UK's biggest lender, has put an immediate cap on income multiples on mortgages over £500,000 to primarily target the London market in a bid to combat the capital's swiftly rising property price inflation.

clock 21 May 2014 •
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