Novo Banco puts ex-Lloyds director in charge of risk before IPO
Portugal's fourth-largest lender Novo Banco has appointed former Lloyds Banking Group director Carmen Goncalves as chief risk officer, the bank said on Thursday, after her predecessor was fired three months ago for alleged misconduct.
Lloyds Bank CEO says motor finance matters won't derail transformation plan
Lloyds Banking Group CEO Charlie Nunn said on Tuesday he saw no risk his transformation plan for Britain's biggest mortgage lender would be blown off course by the legal and regulatory scrutiny into its motor finance commission arrangements.
Lloyds shifts skilled IT jobs from UK to India, FT reports
Lloyds Banking Group is hiring hundreds of IT engineers in India, while planning to cut hundreds of similar jobs in the UK, the Financial Times reported on Friday citing a person familiar with the plans.
Lloyds Banking Group: Underlying Trends Remain Positive Despite More Motor Provisions
Lloyds Banking Group delivered solid fourth quarter results, although another round of motor commission provisions drove a bottom line miss. Underlying trends were better for the bank. Hedge income continues to power net interest margin expansion, which will be a tailwind this year and next, while asset quality remains resilient. These shares trade for a little under 1.3x tangible book value, justified by the bank's strong underlying profitability and the prospect of increasing capital returns.
Lloyds Banking Group plc (LYG) Q4 2024 Earnings Conference Call Transcript
Lloyds Banking Group plc (NYSE:LYG ) Q4 2024 Earnings Conference Call February 20, 2025 4:30 AM ET Company Participants Charlie Nunn - Executive Director and Group Chief Executive William Chalmers - Executive Director and CFO Douglas Radcliffe - Group IR Director Conference Call Participants Benjamin Toms - RBC Perlie Mong - Bank of America Jonathan Pierce - Jefferies Ben Caven Roberts - Goldman Sachs Chris Cant - Autonomous Amit Goel - Mediobanca Charlie Nunn Good morning, everyone. And thank you for joining our 2024 Full Year Results Presentation at our brilliant new London Headquarters.
Lloyds jumps 7% as solid figures shine through motor uncertainty
Lloyds Banking Group PLC's move to set aside further funds to cover a potential hit from a probe into historic motor finance commission deals did little to deter investors on Thursday. Shares jumped 7.0% in the wake of full-year figures, where it said an additional £700 million provision had been made in the fourth quarter to cover possible remuneration.
Lloyds profit down a fifth, extra £700mln set aside for motor finance probe
Lloyds Banking Group PLC saw profit drop by a fifth last year and set aside hundreds of millions in the final quarter to cover a potential hit from motor finance mis-selling. Statutory pre-tax profit tumbled 20% to £5.97 billion in the year to December 31, the lender said Thursday, against company-compiled consensus expectations for £6.39 billion.
Britain's Lloyds Bank reports 20% fall in annual profit, missing estimates
Lloyds Banking Group reported a 20.4% drop in annual profit on Thursday, missing market expectations, as interest rate cuts hit lending margins and Britain's sluggish economic recovery hurt the bank's income.
Lloyds share price patterns point to a 47% surge ahead of earnings
Lloyds share price is firing on all cylinders as the countdown to its fourth-quarter and annual earnings report continue. LLOY has risen in the last five straight weeks and is hovering at its highest level since 2008.
Lloyds Banking Group to shut further 136 branches
Lloyds Banking Group PLC is planning to close another 136 branches over the coming year. Adding to previously announced closures, the group incorporating Lloyds, Halifax and Bank of Scotland will be left with 756 sites, against ​​932 currently.
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.
