Lloyds Banking Group

Lloyds Plans To Buy Embark Group for $542M
Lloyds Plans To Buy Embark Group for $542M
July 30, 2021  |  Partnerships / Acquisitions

Lloyds Banking Group is hoping to boost its status in the investment and retirement sector with its £390 million ($542 million) acquisition of Embark Group....

READ MORE >
Mastercard Teams With Lloyds Bank For Open Banking API
Mastercard Teams With Lloyds Bank For Open Banking API
July 26, 2021  |  Payment Methods

Lloyds Bank is teaming up with Mastercard to launch PayFrom Bank, a solution that gives people the power to make direct payments to merchants from their...

READ MORE >
UK Urges Banks To Nix Personal Guarantees For SMBs
UK Urges Banks To Nix Personal Guarantees For SMBs
April 01, 2020  |  B2B Payments

The U.K. government is seeking an agreement with financial institutions (FIs) to forgo the need for small businesses to offer personal guarantees to get coronavirus...

READ MORE >
Virgin Money, Lloyds To Cut 1,200 Jobs
Virgin Money, Lloyds To Cut 1,200 Jobs
February 27, 2020  |  Personnel

Virgin Money is laying off a quarter of its branch network, shedding 500 jobs. Meanwhile, Lloyds Banking Group has announced plans to cut 780 more...

READ MORE >
Lloyds To Make Special £35K Payout To HBOS Fraud Victims
Lloyds To Make Special £35K Payout To HBOS Fraud Victims
December 22, 2019  |  B2B Payments

To regain trust following an independent review that deemed its compensation plan to not be “fair and reasonable,” and which had to be redetermined, Lloyds...

READ MORE >
MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
MPs Accuse Lloyds Execs Of HBOS Fraud ‘Cover-Up’
April 09, 2019  |  B2B Payments

The All-Party Parliamentary Group (APPG) on Fair Business Banking is calling for a new investigation into Lloyds and how much its executives knew about the...

READ MORE >
Lloyds, Halifax Hit By Fund Transfer Outage In UK
Lloyds, Halifax Hit By Fund Transfer Outage In UK
July 20, 2018  |  Digital Banking

Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to officials. The outage...

READ MORE >
Barclays To Close 54 UK Branches By Year’s End
Barclays To Close 54 UK Branches By Year’s End
August 15, 2017  |  Banking

Financial company Barclays is gearing up to shutter 54 England-based bank branches by the end of 2017 as part of its cost-cutting efforts. According to...

READ MORE >
Brexit Tracker: Funding’s Tough Sell, Digital Banking Fears Mount, And Lloyds Eyes Berlin
Brexit Tracker: Funding’s Tough Sell, Digital Banking Fears Mount, And Lloyds Eyes Berlin
February 21, 2017  |  Brexit

It’s no secret that U.K. startups have felt the impacts of operating in a post-Brexit economy — with dips in funding and pressure to vacate...

READ MORE >