Lloyds Banking Group reported a 13% increase in annual profits as it delivered a bumper pay-out for shareholders and said it will meet cost targets earlier than expected.
Barclays is set to reveal a steep fall in annual profits on Thursday, adding to the banking giant’s headaches as it comes under pressure from an activist investor.
Lloyds Banking Group has tapped Morgan Stanley investment banker William Chalmers to be its next chief financial officer.
Banking giant Lloyds has apologised after customers were locked out of their accounts and were unable to access online services.
The Post Office has admitted it makes no profit from its agreement to provide high street banking services and is negotiating the deal with lenders.
Lloyds Banking Group’s boss has refused to rule out further job cuts as the lender overhauls its IT systems.
A prospective Labour Party MP has accused the Scottish Government of “complacency” over its dealings with the “crisis” affecting CalMac’s Hebridean routes.
UK banking and economic growth are under the spotlight this week, with experts forecasting mixed results and a weakening respectively.
The taxpayers’ stake in Lloyds Banking Group is to be slashed after George Osborne pledged to sell a further £9 billion of shares.
Two major banking groups have apologised after customers were hit by separate technical glitches today. RBS Group said customers of its brands NatWest, Royal Bank of Scotland and Ulster Bank struggled to log in.