Lloyds Banking Group slumped to a pre-tax loss of £602million in the first half of the year, warning investors that the impact of the pandemic was more ‘profound’ and ‘much larger’ than it expected. The lender has set aside £3.8billion for a spate of bad debts expected once furloughing ends, more mass job cuts emerge … Read more
Lloyds diverts 1,000 staff to help customers in debt as economic crisis deepens It expects to see an increase in the number of people falling behind on debts Staff encouraged to transfer to the bank’s Customer Financial Assistance team By Helen Cahill For The Mail On Sunday Published: 22:24 BST, 25 July 2020 | Updated: … Read more
Club Lloyds customers to earn less interest as Britain’s biggest bank is the latest to cut current account perks Account currently pays a blended interest rate of around 1.2% on up to £5,000 This will be cut back to 0.8% from October Tesco Bank and Santander have announced cuts to their bank account perks as … Read more
Trio of Lloyds’ top bankers emerge as potential successors to outgoing boss Antonio Horta-Osorio By Helen Cahill, Financial Mail On Sunday Published: 21:53 BST, 18 July 2020 | Updated: 21:53 BST, 18 July 2020 A trio of Lloyds’ top bankers have emerged as potential successors to the outgoing boss Antonio Horta-Osorio. Horta-Osorio is quitting the … Read more
At the end of May I received a letter claiming to be from Lloyds, my bank, saying they believe I have recently updated my details and that I am now a tax resident of Egypt. It says if this is true, I need to confirm it by sending them a passport, ID card or other … Read more
Lloyds Bank will let customers cancel monthly subscriptions like television streaming and food boxes in its app with three quick clicks The bank with 11m mobile customers will launch the service after a pilot Subscription services boomed in lockdown It said it would eventually alert people prior to their free trial running out to avoid … Read more
Whitbread chief Alison Brittain rebuffs speculation she could succeed Antonio Horta-Osorio at Lloyds By Hugo Duncan for the Daily Mail Published: 23:06 BST, 7 July 2020 | Updated: 23:06 BST, 7 July 2020 The boss of Whitbread attempted to brush off suggestion she could get the top job at Lloyds as she outlined plans to … Read more
ALEX BRUMMER: As Lloyds boss Antonio Horta-Osorio quits, his great achievement will be seen as stabilising a bank, which, after the financial crisis, was weighed down with toxic debt By Alex Brummer for the Daily Mail Published: 22:04 BST, 6 July 2020 | Updated: 22:20 BST, 6 July 2020 Few European bank executives last a … Read more
Lloyds Bank hunting for a chief executive after Antonio Horta-Osorio announces plan to step down By Lucy White For The Daily Mail Published: 22:03 BST, 6 July 2020 | Updated: 22:21 BST, 6 July 2020 Lloyds Bank is hunting for a chief executive after Antonio Horta-Osorio said he would step down. Scheduled for next year, … Read more
Antonio Horta-Osorio, the polished Portuguese chief executive of Lloyds Bank, has notched up a number of achievements in his time at the High Street lender. For him, it has been a lucrative tenure in which he has amassed a fortune of more than £56m in salary, bonuses and incentives. But for long-suffering shareholders – including … Read more