Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the retail banking sector. The order requires banks to follow strict rules for informing customers about...
Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt finance team work with Oaktree’s European private debt platform to provide clients with a solution for new buyouts and refinancings...
Lloyds is reportedly telling staff to reduce their use of taxis and business class flights. It’s part of the British banking giant’s attempt to cut costs amid a $5 billion strategic overhaul, the Financial Times (FT) reported Monday (July 15). To that end, Lloyds is...
Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the Financial Times reported Sunday (Feb. 4), citing documents seen by the paper’s journalists. According to the report, the state-run Petrochemical...
November 11, 2020
Domestic B2B payments are complicated enough, but making these payments across international borders is a whole other challenge. Companies that rely on cross-border B2B payments may not have to deal with paper checks, but ever-shifting foreign exchange (FX) rates, mounting paper invoices and other manual processes and security worries surrounding wire transfers are just a […]
June 22, 2017
From depositing money to grocery shopping to access to vehicles, unattended retail solutions are stepping up to meet a variety of needs in an age of unattended retail solutions. Unattended...
August 05, 2024
British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI Center of Excellence and driving adoption of AI-powered products and services for the lender, per a Monday (Aug. 5) news release. “Rohit’s appointment is a significant boost for the strategic […]
July 25, 2024
Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the...
July 18, 2024
Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt finance team work with Oaktree’s...
July 15, 2024
Lloyds is reportedly telling staff to reduce their use of taxis and business class flights. It’s part of the British banking giant’s attempt to cut costs amid a $5 billion...
