Friday, 21 January 2022

Tag Archives: Lloyds

Lloyds warns mis-selling could cost it an extra 1.8 billion pounds

LONDON: Lloyds Banking Group will set aside up to an extra 1.8 billion pounds ($2.2 billion) to settle mis-selling claims in Britain’s costliest consumer banking scandal, and said it was suspending its 2019 share buyback programme. Banks are putting aside more money to pay claims against mis-sold payment protection insurance ...

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Lloyds Bank profits fall after fresh $669 mn PPI charge

LONDON: Britain’s biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance to consumers weighed on earnings. The bank posted pretax profits of 2.9 billion pounds for the first half of the year, below forecasts ...

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Lloyds has banned Bitcoin buys

LONDON: Lloyds bank has stopped credit card customers from buying bitcoin, amid concerns of a credit risk surrounding the cryptocurrency’s rapidly falling value. Coming into effect today, the ban applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA. The currency has grown exponentially in the last year, peaking at ...

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Lloyds back in private ownership as government sells out

LONDON: The high street bank said last week the Government’s stake had been reduced to 0.25% and the UK taxpayer was set to make at least a £500 million profit from the final sale. It is understood the Government’s final tranche of Lloyds shares have now been sold, with an ...

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