|
|
|
|
|
23.10.25 - 11:12
|
Lloyds profits plunge 36% as it feels impact of UK car finance scandal (The Guardian)
|
|
|
Bank's drop in quarterly earnings comes after it put aside further £800m to cover expected wave of driver claimsLloyds Banking Group profits have been sent plunging by more than a third by the car loans commission scandal, as the lender steels itself for a surge in compensation payouts to drivers.The high street bank took the 36% hit in the third quarter after putting aside a further £800m to cover the prospective costs of a redress scheme proposed by the Financial Conduct Authority (FCA). Continue reading......
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24.07.25 - 12:12
|
Lloyds boss warns Reeves against hiking taxes on banks as profits rise 17% (The Guardian)
|
|
|
Charlie Nunn says higher tax on banking sector would be inconsistent with chancellor's drive for growthBusiness live – updatesThe boss of Britain's largest mortgage lender has warned Rachel Reeves that increasing taxes on banks in her autumn budget would damage Labour's plan for the City of London to power an economic recovery.Charlie Nunn, the chief executive of Lloyds Banking Group, said a rise in bank taxation “wouldn't be consistent” with the chancellor's overtures as the government pushes to reboot growth. Continue reading......
|
|
|
|
|
24.07.25 - 09:30
|
Lloyds Banking H1 Results Rise; Confirms Outlook (AFX)
|
|
|
LONDON (dpa-AFX) - Lloyds Banking Group (LLOY.L, LYG) reported Thursday higher profit in its first half with growth in net income. The company also maintained its outlook for fiscal 2025 and fisca......
|
|
|
|
|
|
|
|
|
|
|
01.05.25 - 11:42
|
Lloyds Banking Group profits slip 7% amid Trump tariffs concern (The Guardian)
|
|
|
Chief finance officers says it remains 'vigilant' as it sets aside more money than expected to cover possible bad debtProfits at Lloyds Banking Group have fallen as the high street bank set aside more money than expected to deal with possible bad debts arising from Donald Trump's trade war.The group, whose brands include Lloyds Bank, Halifax and Bank of Scotland, reported a 4% increase in net income to £4.39bn compared with the same period last year, but its pre-tax profit slipped by 7% to £1.52bn, mainly due to higher costs and impairment charges. Continue reading......
|
|
|
|
|
|
|
|