Lloyds

Lloyds Tells Brokers To Go Digital In 2019 Or Go Home
Lloyds Tells Brokers To Go Digital In 2019 Or Go Home
December 21, 2018  |  Banking

Lloyd’s of London has announced that it might impose a ban on insurance brokers who refuse to digitalize their business in 2019. In a press...

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Lloyds To Cut And Add Jobs In Infrastructure Digitization Effort
Lloyds To Cut And Add Jobs In Infrastructure Digitization Effort
November 06, 2018  |  Banking

Lloyds Banking Group is expected to announce plans this week to create 8,000 jobs as part of a £3 billion transformation and technology investment program....

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CMA Orders Lloyds To Improve PPI Policy Communication
CMA Orders Lloyds To Improve PPI Policy Communication
October 04, 2018  |  Bank Regulation

Lloyds Banking Group has been ordered by the Competition and Markets Authority (CMA) to improve its communications with customers pertaining to payment protection insurance (PPI)...

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Lloyds Accused Of ‘Victim Blaming’ In SMB Fraud Compensation Program
Lloyds Accused Of ‘Victim Blaming’ In SMB Fraud Compensation Program
July 30, 2018  |  Banking

U.K. financial institution Lloyds was criticized by lawmakers Monday (July 30) over its program to compensate small business victims of fraud related to the bank’s...

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Are UK Overdraft Fees More Costly Than Payday Loans?
Are UK Overdraft Fees More Costly Than Payday Loans?
May 23, 2018  |  Alternative Finances

Which?, a U.K.-based consumer group, and a cross-party group of 84 MPs are taking on bank overdraft fees, demanding the Financial Conduct Authority (FCA) require...

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Big Banks Step In To Aid Carillion Suppliers
Big Banks Step In To Aid Carillion Suppliers
January 19, 2018  |  B2B Payments

Large financial institutions in the U.K. are stepping in to help companies affected by the collapse of construction giant Carillion. Reports in the BBC on...

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FCA Explores How To Include More SMBs In FinServ Protections
FCA Explores How To Include More SMBs In FinServ Protections
November 02, 2017  |  B2B Payments

In business banking news, the U.K.’s Financial Conduct Authority (FCA) plans to propose an extension of its jurisdiction from serving individuals and micro-businesses to also...

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Alleged UK Bank Hacker Extradited From Germany
Alleged UK Bank Hacker Extradited From Germany
August 31, 2017  |  Security & Fraud

U.K. officials have extradited the man who allegedly masterminded a cyberattack earlier this year that impacted two of England’s biggest banks. They have accused 29-year-old...

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Financial Firms Turn To Insurance For Operational Risks
Financial Firms Turn To Insurance For Operational Risks
August 31, 2017  |  Security & Fraud

Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter...

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