Category : Banking


Lloyds Bank Faces FCA Motor Finance Probe

The Financial Conduct Authority launches investigation into Lloyds Banking Group's motor finance practices, potentially impacting millions of customers and leading to significant compensation claims.

Lloyds adds £800m to car finance compensation pot

Lloyds Banking Group faces mounting costs as it allocates another £800 million to cover compensation for historical motor finance commission claims, bringing total provisions to a staggering £2 billion.

Ben Smith appointed Newcastle Building Society CEO

Newcastle Building Society announces Ben Smith as incoming Chief Executive, bringing extensive financial services experience to lead the mutual's next chapter of growth and member-focused strategy.

Lloyds Bank cuts 1,600 jobs in restructuring

Lloyds Banking Group reveals plans to slash 1,600 jobs while creating 830 new roles in strategic restructuring. The changes affect multiple locations including Bristol and Edinburgh as the bank accelerates its digital transformation.

Bank error leaves man £2.6 million richer

A British man's ordinary day turned extraordinary when he discovered his bank account had been credited with an unexpected £2.6 million payment, sparking a whirlwind of excitement and ethical dilemmas.

Lloyds Bank Urgent Scam Alert for Millions

Lloyds Banking Group warns millions of UK customers about sophisticated new scams targeting online banking users. Learn how to protect your savings from these convincing fraud attempts.

Queenstown forces Bendigo Bank cash policy reversal

The remote community of Queenstown, Tasmania, has emerged victorious in a landmark battle against banking giant Bendigo Bank, successfully reversing a controversial cashless policy that threatened to leave elderly and vulnerable residents stranded.

Major UK banks hit by payment system outage

Millions of UK banking customers faced payment chaos as major high street banks including Lloyds, Barclays and Santander experienced significant technical failures, leaving many unable to send or receive money.

Lloyds warns of bigger car finance scandal hit

Lloyds Banking Group reveals mounting financial pressure from the car finance mis-selling scandal, with provisions now expected to significantly exceed initial estimates as regulatory scrutiny intensifies.

Lloyds faces FCA probe over motor finance practices

The Financial Conduct Authority has launched a formal investigation into Lloyds Banking Group's motor finance lending practices, raising concerns about potential customer harm in the lucrative car finance market.

FCA probes insider trading in banking shares

The Financial Conduct Authority launches investigation into suspected insider dealing surrounding major banking stocks including Lloyds and Barclays, causing significant market turbulence.

JPMorgan's £35M legal bill in student aid fraud case

JPMorgan Chase faces astronomical legal costs exceeding £35 million in its lawsuit against Charlie Javice, the former fintech entrepreneur accused of fabricating millions of fake customers during the Frank student aid platform acquisition.

Barclays £900 Switch Bonus: How to Claim

Barclays is offering one of the most generous bank switching bonuses of 2024. Discover how eligible customers can claim £175 upfront plus £725 in regular cashback through their Blue Rewards scheme.

Barclays £175 Switch Bonus: How to Claim

Barclays is offering a generous £175 cash incentive for customers who switch to their current accounts using the Current Account Switch Service. Learn the eligibility requirements and how to claim your bonus.

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