Lloyds Banking Group

The UK's banks face an annual bill as high as £7bn to comply with the reforms of the Vickers Commission, according to the panel's final report published today.

The Financial Ombudsman Service (FOS) this week published its latest complaints data for individual financial businesses. Here are some of the stand-out stats...

National Australia Bank is in talks with NBNK, the challenger bank run by former Northern Rock's former chief executive Gary Hoffman, over a merger of its UK operations as part of a bid for the 632 branches being sold by Lloyds Banking Group, plus other...

(Updated 2:30pm) Banks are continuing to take the brunt of the latest market sell-off as fresh fears of a European banking crisis emerged on Monday.

It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.

High street banks are moving assets they find difficult to sell off their balance sheets and into their staff pension funds.

The UK's index of 100 leading shares fell 2.76% to below 5,000 this morning, as global markets showed no signs of shaking off fears the West is heading back into recession.

Lloyds Banking Group is to cut 1,300 jobs across its group functions, retail, group operations and wealth and international divisions.

Taxpayer-backed Lloyds Banking Group has posted a loss of £3.3bn in the first half as it was hit with claims for the mishandling of payment protection insurance (PPI).

A group of millionaire investors, including insurance entrepreneur Hugh Osmond, have become the third group to submit a bid for the 632 bank branches being sold by Lloyds Banking Group.