Lloyds Banking Group

UK Urges Banks To Nix Personal Guarantees For SMBs
UK Urges Banks To Nix Personal Guarantees For SMBs
April 01, 2020  |  B2B Payments

The U.K. government is seeking an agreement with financial institutions (FIs) to forgo the need for small businesses to offer personal guarantees to get coronavirus...

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Virgin Money, Lloyds To Cut 1,200 Jobs
Virgin Money, Lloyds To Cut 1,200 Jobs
February 27, 2020  |  Personnel

Virgin Money is laying off a quarter of its branch network, shedding 500 jobs. Meanwhile, Lloyds Banking Group has announced plans to cut 780 more...

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Lloyds To Make Special £35K Payout To HBOS Fraud Victims
Lloyds To Make Special £35K Payout To HBOS Fraud Victims
December 22, 2019  |  B2B Payments

To regain trust following an independent review that deemed its compensation plan to not be “fair and reasonable,” and which had to be redetermined, Lloyds...

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MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
April 09, 2019  |  B2B Payments

The All-Party Parliamentary Group (APPG) on Fair Business Banking is calling for a new investigation into Lloyds and how much its executives knew about the...

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Lloyds, Halifax Hit By Fund Transfer Outage In UK
Lloyds, Halifax Hit By Fund Transfer Outage In UK
July 20, 2018  |  Digital Banking

Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to officials. The outage...

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Barclays To Close 54 UK Branches By Year’s End
Barclays To Close 54 UK Branches By Year’s End
August 15, 2017  |  Banking

Financial company Barclays is gearing up to shutter 54 England-based bank branches by the end of 2017 as part of its cost-cutting efforts. According to...

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Brexit Tracker: Funding’s Tough Sell, Digital Banking Fears Mount, And Lloyds Eyes Berlin
Brexit Tracker: Funding’s Tough Sell, Digital Banking Fears Mount, And Lloyds Eyes Berlin
February 21, 2017  |  Brexit

It’s no secret that U.K. startups have felt the impacts of operating in a post-Brexit economy — with dips in funding and pressure to vacate...

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Lloyds Innovates Cafe Mobile Order And Pay
Lloyds Innovates Cafe Mobile Order And Pay
June 03, 2016  |  Mobile Commerce

Lloyds Banking Group (LBG) may soon introduce advanced mobile order and pay at the catering locations across all of its locations after receiving “fantastic” feedback...

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Major Banks’ Breach Left Accounts Vulnerable For Years
Major Banks’ Breach Left Accounts Vulnerable For Years
October 16, 2015  |  News

A major account authentication flaw might have exposed as many as 23,000 customers of Halifax and Bank of Scotland to fraud and data theft for...

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