Lloyds Banking Group

Fines levied by the regulator against the financial services industry soared by almost 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) left its mark.

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place.

Lloyds Banking Group is set to sell a 12% stake in wealth manager St James's Place (SJP) and take £390m, according to The Sunday Times.

The Financial Conduct Authority (FCA) has written to banks urging them to speed up their review of how interest rate hedging products were sold.

Lloyds Banking Group has made a further £750m provision for expected claims against its sales of payment protection insurance (PPI), taking its total commitment beyond £8bn.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

The UK government has confirmed it is to begin selling down its stake in Lloyds Banking Group - with reports suggesting US investors could snap up as much as half of it.

A businessman who amassed a £100m fortune through mis-selling credit card protection products showed contempt for the seven million affected victims yesterday.

A number of UK equity income managers have begun building positions in Lloyds Banking Group as the lender prepares to return to the UK dividend register.

Invesco Perpetual's Neil Woodford is considering snapping up shares in Lloyds Banking Group when the government begins selling its stake, according to reports.