Lloyds, Virgin Money and Direct Line cuts hundreds of jobs

Lloyds, Virgin Money and Direct Line to cut hundreds of jobs

Just a week after announcing a 26% drop in profits, Lloyds Banking Group (LBG) has announced it is shedding the equivalent of 780 full time jobs across its branch network.

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FCA demands explanation from Lloyds

FCA demands explanation from Lloyds

Britain’s financial regulator has demanded an explanation from Lloyds Banking Group (LBG) for the findings of a report into the £245 million HBOS Reading fraud case.

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PPI News – Lloyds add a massive £½ billion for PPI

Lloyds add a massive £½ billion for PPI

With just a month to go before the PPI deadline Lloyds Banking Group (LBG) has added a massive £½ billion to its PPI provision to take the total it has set aside to over £2 billion.

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Lloyds add another £100 million for PPI

Lloyds add another £100 million for PPI

With just four months to go before the PPI claims deadline Lloyds Banking Group (LBG) have added another £100 million to their PPI compensation pot.

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Lloyds to pay customers £6 million compensation

LBG to pay customers £6 million compensation

Lloyds Banking Group (LBG) is to pay 200,000 customers around £6 million for denying them seven years of interest payments.

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Lloyds PPI pot – £1.3 billion left

Lloyds PPI pot - £1.3 billion left

Lloyds Banking Group (LBG) still has £1.3 billion left to pay successful PPI claims before the August claims deadline.

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Lloyds IT problems hit thousands of accounts

Lloyds IT problems hit thousands of accounts

Hundreds of thousands of customers of Lloyds Banking Group (LBG) have found themselves unable to make payments from their online accounts due to a computer glitch.

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Lloyds cuts 6,000 jobs but creates 8,000

6,000 jobs to go at Lloyds – and 8,000 to be created

Lloyds Banking Group (LBG) – Britain’s biggest high street lender – is planning to axe 6,240 jobs as part of a £3 billion restructure, but will then create 8,240 new posts to run a newly digitised operation.

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Are smartphones taking over the banking business?

aRE MOBILES TAKING OVER THE BANKING BUSINESS?

The number of consumers using their smartphones to run their bank accounts has soared in recent years.

Together with internet banking, they have been blamed by many of the high street banks for the need to close branches across the country as customers change the way they handle their money.Read More