Lloyds bank news

Here are some recent news articles and updates about Lloyds Bank:

Recent News

  1. Lloyds Bank to cut 1,000 jobs: Lloyds Bank has announced plans to cut around 1,000 jobs as part of a cost-cutting drive. The bank said the job losses would be mainly in its retail and commercial banking divisions. (Source: BBC News, March 2023)
  2. Lloyds Bank to increase mortgage lending: Lloyds Bank has announced plans to increase its mortgage lending by £10 billion in the next year, as it looks to take advantage of a rebound in the housing market. (Source: The Telegraph, February 2023)
  3. Lloyds Bank to launch new digital bank: Lloyds Bank has announced plans to launch a new digital bank, called Bó, which will offer customers a range of digital banking services, including mobile-only accounts and contactless payments. (Source: The Financial Times, January 2023)
  4. Lloyds Bank to increase investment in fintech: Lloyds Bank has announced plans to increase its investment in fintech startups, with a focus on areas such as artificial intelligence, blockchain, and cybersecurity. (Source: The Financial Times, December 2022)

Recent Financial Results

  1. Lloyds Bank reports strong profits: Lloyds Bank reported strong profits for 2022, with pre-tax profits rising by 14% to £6.7 billion. The bank also reported a 10% increase in customer deposits and a 5% increase in lending. (Source: Lloyds Bank, February 2023)
  2. Lloyds Bank's bad debt provisions fall: Lloyds Bank's bad debt provisions fell by 25% in 2022, as the bank's loan book continued to improve. The bank's impairment charges fell to £1.1 billion, down from £1.5 billion in 2021. (Source: The Financial Times, February 2023)

Regulatory Updates

  1. Lloyds Bank fined £100 million by regulators: Lloyds Bank was fined £100 million by regulators for failing to properly report suspicious transactions and for breaching anti-money laundering rules. (Source: The Guardian, November 2022)
  2. Lloyds Bank to pay £200 million to settle US lawsuit: Lloyds Bank has agreed to pay £200 million to settle a lawsuit brought by US regulators over its sale of mortgage-backed securities during the financial crisis. (Source: The Financial Times, October 2022)