Lloyds Banking Group

Consolidator Perspective Financial Group has purchased two more advisory practices acquisitions, bringing its total number of acquisitions to 30.

Lloyds Banking Group has set aside an extra £375m to cater for an influx of compensation claims related to the mis-selling of payment protection insurance (PPI).

NBNK has made a revised offer to Lloyds Banking Group to buy the 632 branches it was due to sell to Co-operative Group.

The Co-operative Group's planned purchase of over 600 Lloyds branches has been thrown into further uncertainty after its chief executive conceded it "may not go ahead".

The government has launched a scheme to help small businesses access cheaper finance through discounts on loans.

Part-nationalised banks Lloyds and Royal Bank of Scotland (RBS) have announced plans to cut some 1,900 jobs in a move the Unite union called "brutal".

HSBC is set to claw back thousands of pounds of bonuses from executives after its long term care advice subsidiary was fined for mis-selling bonds to elderly customers.

Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.

Banking giant Lloyds is to strip five current and former senior bankers of some £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI), according to the Telegraph.

Three of the country's largest pension schemes are in talks to join a lawsuit against Lloyds TSB directors for allegedly misleading investors over the Halifax Bank of Scotland (HBOS) merger.