Lloyds Banking Group

KPMG, PwC, Deloitte and Ernst & Young have offered to reform the way they operate ahead of what is expected to be a highly critical report on their role in the financial crisis and lack of competition in the sector.

A group of investors seeking to recoup £2bn of share value lost when Lloyds TSB merged with HBOS have accused Lord Mandelson of withholding evidence which could have stopped the flawed deal.

Eric Daniels, the former CEO of Lloyds, has been dropped from the shortlist of candidates for the upcoming chairmanship of Aviva, after complaints from investors.

An alleged £1bn HBOS corporate fraud was known to former directors of the state-rescued bank, but they failed to act on the information, according to sources close to police investigators.

Northern Rock PLC has announced underlying losses of £232.4m for 2010 in its first annual results since being split from its toxic loans.

An ex-Scottish Widows whistleblower who claims auditors have helped life companies cover up £40bn in guaranteed annuity rate (GAR) liabilities has had his request for a judicial review turned down.

Michael Coogan, director general of the Council of Mortgage Lenders, has announced that he will be stepping down from his role in August.

Lloyds Banking Group is back in the black for the first time since it was bailed out by the government at the height of the financial crisis.

Barclays, HSBC, Lloyds Banking Group and RBS have agreed to review and improve their will writing services following OFT action.

Qatar prime minister Sheikh Hamad bin Jassim says the state is interested in investing in RBS and Lloyds Banking Group.