Lloyds

Lloyds Considers Job Cuts as Banks Shift to Digital
Lloyds Considers Job Cuts as Banks Shift to Digital
November 26, 2023  |  Banking

Lloyds’ digital refocusing has reportedly placed more than 2,500 jobs at risk. The British banking giant is planning to review thousands of middle management roles, the...

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Lloyds Offers New Merchant Tools Via Expanded FreedomPay Partnership
Lloyds Offers New Merchant Tools Via Expanded FreedomPay Partnership
October 11, 2023  |  Partnerships

Lloyds Bank said it has expanded its partnership with consumer-centric commerce platform FreedomPay. The British banking giant announced Wednesday (Oct. 11) that merchants using its Bank Cardnet...

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Lloyds and Enigio Team on Trade Finance Blockchain
Lloyds and Enigio Team on Trade Finance Blockchain
April 04, 2023  |  Partnerships

British banking giant Lloyds has formed a trade digitization partnership with Enigio. The collaboration, announced by document digitization firm Enigio Wednesday (April 4), is designed...

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Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023  |  Banking

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays...

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UK Mortgage Lenders Agree on Measures to Help Struggling Borrowers
UK Mortgage Lenders Agree on Measures to Help Struggling Borrowers
December 28, 2022  |  Loans

The U.K.’s largest mortgage lenders have agreed on measures to help struggling borrowers. The new measures follow a meeting between the chancellor, Jeremy Hunt, and...

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UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022  |  Banking

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and...

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CMA Cracks Down on ‘Bundling’ Rules Breach at Top UK Banks
CMA Cracks Down on ‘Bundling’ Rules Breach at Top UK Banks
September 05, 2022  |  Banking

The United Kingdom’s Competition and Markets Authority (CMA) this week announced that it has directed NatWest to issue refunds after it was found to have...

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Mounting Losses, SMBs and Digital Banking Define UK Big Four Performance in H1 2022
Mounting Losses, SMBs and Digital Banking Define UK Big Four Performance in H1 2022
August 01, 2022  |  Earnings

It’s earnings season for the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest — and despite taking a stock market beating at the...

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EMEA Daily: Lloyds Looks to Buy More FinTechs; Helu.io Raises $10M
EMEA Daily: Lloyds Looks to Buy More FinTechs; Helu.io Raises $10M
July 27, 2022  |  International

Lloyds Looks to Buy More FinTechs, CEO Says Lloyds Banking Group is considering acquiring more FinTechs to boost its digital capabilities. CEO Charlie Nunn said...

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