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Nikhil Rathi appointed CEO of UK's Financial Conduct Authority
LLOYDS BANKING GROUP plc financial services company, which provides a range of banking and financial services, focused on personal and commercial customers. The Company’s major business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. The Company’s services are offered through its brands, including Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows. Its Retail segment offers a broad range of financial service products to personal and business banking customers, including current accounts, savings, mortgages, credit cards, unsecured loans, motor finance and leasing solutions. Its Commercial banking segment provides clients with a range of products and services such as lending, transaction banking, working capital management, risk management and debt capital markets services. Insurance and Wealth segment offers insurance, investment and wealth management products and services.
25 Gresham Street
Alan P. Dickinson
Non-Executive Deputy Chairman of the Board, Senior Independent Director
Non-Executive Chairman of the Board
Group Chief Executive, Executive Director
Chief Financial Officer, Executive Director
Chief Executive, Scottish Widows and Group Director, Insurance
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Britain's biggest domestic bank Lloyds has been fined 64 million pounds ($81.2 million) by the Financial Conduct Authority for mistreating hundreds of thousands of mortgage customers in financial difficulties.
Britain's Financial Conduct Authority said on Thursday it has fined Lloyds Bank 64 million pounds ($81.26 million) for failures in handling mortgage arrears.
Lloyds Banking Group has said it will keep staff on notice of redundancy employed until at least October, as the UK's coronavirus lockdown begins to ease.
Lloyds Banking Group told investors on Friday it would not redeem a 750 million euro ($817.58 million) "CoCo" bond, a move that would have reduced its capital base just as banks face a spike in bad loans during the COVID-19 crisis.
Lloyds Banking Group told investors on Friday it would not redeem a 750 million euro ($817.58 million) contingent convertible (CoCo) bond as it seeks to keep its balance sheet strong in the face of the COVID-19 crisis.
Lloyds Banking Group investors rebelled against the lender's pay policy for top bosses on Thursday, with more than a third of balloted shareholders rejecting its bonus plan.
The Chief Executive of Lloyds Banking Group said the lender was resilient enough to absorb a spike in bad loans through the coronavirus crisis, in a statement at the bank's annual investor meeting on Thursday.
* LLOYDS CEO - SUPPORTING CUSTOMERS THROUGH COVID CRISIS 'RIGHT THING TO DO' BUT WILL HAVE FINANCIAL IMPACT
Aviva on Tuesday named former Lloyds Banking Group finance chief George Culmer as its chairman, as the British insurer grapples with the fallout of the coronavirus crisis.
Lloyds Banking Group <LLOY.L> said it lent more than 1 billion pounds ($1.24 billion) to small businesses on Monday, when a new 100% state-guaranteed loan scheme opened to help the smallest firms weather the economic impact of the coronavirus.
Lloyds Banking Group's <LLOY.L> first quarter pretax profit was all but erased by provisions against expected bad loans due to the coronavirus pandemic, although Britain's biggest bank said on Thursday it was well placed to help with a recovery.
* LLOYDS HAS ARRANGED 3,752 CBILS LOANS TO THE VALUE OF 500 MILLION POUNDS Source text for Eikon: Further company coverage: (Reporting by Lawrence White)
* SAYS IT HAS APPROVED 2,382 CBILS LOANS TO A VALUE OF 335 MILLION STG
British bank TSB said its Chief Executive Debbie Crosbie and the bank's executive committee would give up their bonus awards for 2020, so that the bank can better reward junior staff who are helping customers deal with the new coronavirus.
A retired High Court judge has been appointed to re-review compensation paid by Lloyds Banking Group to victims of one of Britain's biggest banking scandals after an earlier review found victims were likely paid too little.
* LLOYDS - ANNOUNCES NEW MEASURES TO SUPPORT RETAIL CUSTOMERS
Lloyds Banking Group has halted plans to cut around 780 jobs in view of the unfolding coronavirus epidemic, a source familiar with the matter said on Tuesday.
Britain's Lloyds Banking Group closed one of its offices in Edinburgh after an employee tested positive for the coronavirus, a spokesman for the bank said on Friday.
Britain's biggest domestic lender Lloyds Banking Group said it welcomed the Bank of England's "decisive action" to support efforts by banks to continue lending during the coronavirus outbreak.
Three of Britain's biggest banks, RBS <RBS.L>, Lloyds <LLOY.L> and Barclays <BARC.L>, are offering repayment holidays on loans to customers affected by the coronavirus outbreak as it spreads in the country.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.