Lloyds to close 136 branches in UK, FT reports
Lloyds Banking Group will shut 136 branches in the UK to match customers' transition to digital banking, the Financial Times reported on Wednesday, citing the lender.
We expect 3 rate cuts in the UK this year: Lloyds Banking Group CEO
Charlie Nunn, CEO of Lloyds Banking Group, discusses the state of the U.K. economy at the World Economic Forum in Davos.
UK banks have 'little to fear' from current uncertainty especially Lloyds, suggests broker
UK banks have little to fear according to US-owned broker KBW, from the current uncertain economic argument, with Lloyds still the best of the bunch. “Clearly there are questions about the economic outlook and we are not immune to concerns that UK rates may be higher for longer.
Lloyds Banking Group: Banking On A Positive Outcome
Lloyds saw modest gains in 2024 versus its peers, largely due to concerns over its motor financing lawsuit, which could cost up to £3.9 billion in remediation charges. Despite falling NII and NIM, the bank maintains strong fundamentals with a robust CET1 and projects improved performance through to FY27, supported by higher-yielding structural hedge renewals. A strong AQR, stable operating cost outlook, and an ever-growing housing market positions Lloyds well for potential upside if litigation risks subside.
Lloyds Bank confirms court ruling sets 'higher bar' for motor finance claims
Lloyds Bank has confirmed that a ruling last week over motor loan commissions might mean compensation payments for mis-selling are higher than expected. In a statement today, the bank noted Friday's Court of Appeal decision on the case of Hopcraft and Close Bros relating to motor commission arrangements.
Lloyds Banking Group plc (LYG) Q3 2024 Earnings Call Transcript
Lloyds Banking Group plc (NYSE:LYG ) Q3 2024 Earnings Conference Call October 23, 2024 4:30 AM ET Company Participants William Chalmers - Executive Director & CFO Conference Call Participants Aman Rakkar - Barclays Jonathan Pierce - Jefferies Benjamin Toms - RBC Jason Napier - UBS Edward Firth - KBW Guy Stebbings - Exane BNP Paribas Amit Goel - Mediobanca Ben Caven Roberts - Goldman Sachs Operator Welcome to the Lloyds Banking Group 2024 Interim Management Statement Call. [Operator Instructions].
Lloyds Banking Sticks to Guidance After Profit Beats Market Views
The U.K.'s largest mortgage provider confirmed its full-year guidance after pretax profit and revenue in the third quarter both fell by less than expected.
Britain's Lloyds Bank Q3 profit holds flat, beating forecasts
Lloyds Banking Group reported third quarter profits that exceeded expectations on Wednesday, and reaffirmed its performance guidance for 2024, citing increasing financial confidence among its customers.
The UK should lean on private investment, says Lloyds Banking CEO
“We estimate that there's about £40-50 billion worth of investment per year for the next 20 years” Lloyds Banking Group CEO Charlie Nunn tells Francine Lacqua that the UK government should lean on private investment Click Here
Lloyds Banking Group: Top stock picker bullish on the sector - here's why
UK banks remain attractive investment opportunities despite recent challenges, according to UBS. The investment bank highlights a mixed picture for the sector, with the sector benefiting from a stable deposit base but facing pressure due to policy changes and potential future tax increases.
Buy Lloyds Banking Group For Its Dividend Yield Of 5.2%
Lloyds Banking Group plc offers a sustainable high-dividend yield and attractive valuation, making it a compelling income pick in the European banking sector. Lloyds maintains a strong position in the U.K. retail banking market, with significant growth potential in asset management and insurance. Despite recent challenges from lower rates and higher costs, Lloyds' profitability remains robust, supported by good credit quality and efficient cost management.
Lloyds and Nationwide apps down as more banks hit by digital outages
Digital banking for customers of Lloyds Bank Group PLC and Nationwide was down for hundreds of customers on Monday. It follows problems with NatWest, HSBC and TSB at the end of last week.
