Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds' director of artificial intelligence (AI), overseeing the firm's AI Center of Excellence and driving adoption of AI-powered products and services for the lender, per a Monday (Aug. 5) news release.
Lloyds Bank might get boost from motor finance delay, says KBW
Lloyds Banking Group PLC (LSE:LLOY) might be a short-term gainer from the FCA's comments yesterday that a financial redress scheme for any motor finance mis-selling will be delayed until 2025, says broker KBW. For the bank, KBW estimates a worst-case liability of £2bn or 6% of this year's projected book value.
Lloyds share fall on UK motor finance review update
The UK financial watchdog has pushed back the expected delivery date for its probe into the motor finance sector, which led to investors anticipating a greater chance that lenders will be forced to pay redress to some customers. Having said previously that September would be when it planned to set out the next steps in its review of the historic use of discretionary commission arrangements (DCAs) in motor finance, the Financial Conduct Authority said today that this will be delayed until May 2025.
Lloyds Banking Group plc (LYG) Q2 2024 Earnings Call Transcript
Lloyds Banking Group plc (NYSE:LYG ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 AM ET Company Participants Charlie Nunn - Executive Director and Group Chief Executive William Chalmers - Executive Director and Chief Financial Officer Conference Call Participants Jason Napier - UBS Aman Rakkar - Barclays Benjamin Toms - RBC Capital Markets Edward Firth - KBW Joseph Dixon - Jefferies Guy Stebbings - Exane BNP Andrew Coombs - Citi Chris Cant - Autonomous Amit Goel - Mediobanca Operator Thank you for standing by, and welcome to the Lloyds Banking Group 2024 Half Year Results Call. At this time, all participants are in a listen-only mode.
Lloyds posts falling H1 pretax profit, lending margins hold firm
Lloyds Banking Group reported a 14% fall in first half pretax profit to 3.3 billion pounds ($4.25 billion) on Thursday, broadly in line with forecasts, as lending margins held firm in the face of mounting competition.
Lloyds Banking expands into social housing
Lloyds Banking Group PLC (LSE:LLOY) plans to expand its private rental housing arm into social housing, while also converting some of its disused office sites into more affordable housing. The UK's largest lender is selling a former data and office space in Pudsey, West Yorkshire, to a housing developer with the agreement that 80 new homes will then be rented at about half the usual rate.
LYG vs. TD: Which Stock Is the Better Value Option?
Investors with an interest in Banks - Foreign stocks have likely encountered both Lloyds (LYG) and Toronto-Dominion Bank (TD). But which of these two companies is the best option for those looking for undervalued stocks?
Lloyds and Natwest proving tough to shift says challenger Atom Bank
Atom Bank, the digital challenger bank, hailed its best year yet but cautioned that it is still barely making a dent in the dominance of the major high street banks such as Lloyds and Natwest. Mark Mullen, the mortgage lender's chief executive, told PA it was proving a challenge to “disrupt the status quo” in the banking sector, even though it was doing well.
Britain's Lloyds Bank consolidates London offices
Lloyds Banking Group will leave one of its London office sites as part of a consolidation into three remaining premises, the British bank said on Thursday.
Rolls Royce bulls buy up leverage ETPs, as ‘short' Lloyds sees a spike
Ahead of Rolls-Royce Holdings PLC (LSE:RR.) upcoming full year results, due tomorrow, there's been an upsurge in bullish investors taking leveraged positions in the British engineer.
Rolls Royce bulls buy up leverage ETPs, as ‘short' Lloyds sees a spike
Ahead of Rolls-Royce Holdings PLC (LSE:RR.) upcoming full year results, due tomorrow, there's been an upsurge in bullish investors taking leveraged positions in the British engineer.
Lloyds misses out as European banks see 15th quarterly consensus beat
European banks outperformed consensus expectations for the 15th consecutive quarter over the first three months of the year, Jefferies analysts have pointed out. Aggregate pre-tax profits came in 9% above consensus, driven by higher revenues and lower credit costs, analysts said in a note.
