Lloyds Banking Group

Bank of Scotland is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the fifth-oldest surviving bank in the United Kingdom (the Bank of England having been established one year before), and is the only commercial institution created by the Parliament of Scotland to remain in existence. It was one of the first banks in Europe to print its own banknotes and it continues to print its own sterling banknotes under legal arrangements which allow Scottish banks to issue currency.

Bank of Scotland

Lloyds Banking Group Plc is a financial services company, which engages in the provision of banking and financial services. It operates through the following segments: Retail, Commercial Banking, Insurance and Wealth, and Other. The Retail segment offers broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal, and small business customers. The Commercial Banking segment provides a range of products and services such as lending, transactional banking, working capital management, risk management and debt capital markets services to SMEs, corporates, and financial institutions. The Insurance and Wealth segment focuses on the insurance, investment, and wealth management products and services. The Other segment refers to income and expenditure not attributed to the group’s financial reporting segments. These amounts include those arising from the group’s equities business, residual net interest income after transfer pricing, and certain gains from gilt sales. The company was founded by George Truett Tate in 2009 and is headquartered in London, the United Kingdom.

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Britain's biggest domestic lender Lloyds Banking Group has named Charlie Nunn, currently head of wealth and personal banking at rival HSBC, as its next chief executive. Nunn will replace long-standing Lloyds boss Antonio Horta-Osorio, who in July said he would step down in 2021 after a decade at the helm.

Lloyds has named Charlie Nunn, a senior banker at rival HSBC, as its next chief executive

Lloyds Banking Group PLC (NYSE: LYG) has named HSBC Holdings plc's (NYSE: HSBC) head of wealth and personal banking unit Charlie Nunn as the new chief executive officer. Nunn will replace current CEO Antonio Horta-Osorio, who had announced he would step down in July.

Lloyds Appoints HSBC's Charlie Nunn As CEO

LLoyds Banking Group said on Monday that Charlie Nunn, currently head of wealth and personal banking at HSBC, is to be its next Chief Executive.

Lloyds names HSBC's Charlie Nunn as new Chief Executive

Llyods' (LYG) latest plan to resume branch closures is part of the bank's restructuring efforts to reduce costs and improve operating efficiency amid the pandemic-related uncertainties.

Llyods (LYG) Resumes Plan to Close 56 Branches for Cost Control

Lloyds Bank Commercial Banking has partnered with Demica, a working capital FinTech, to roll out a new supply chain finance platform for U.K. businesses and affiliates, a press release says. Called The Open Account Platform, the new service will offer Lloyds Bank customers new tools, including supplier finance and receivables purchase, available for the first […]

Lloyds Bank, Demica Team Up For SCF Digital Onboarding

Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms instead to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday.

Lloyd's of London ditches plan to create own electronic exchanges

London-based Lloyd's plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. The job cuts will be largely in its technology and retail operations.

Lloyd's Bank To Cut 730 Jobs In January

Lloyds Banking Group PLC (NYSE: LYG) is likely to report a profit — albeit a small one— in 2020, given its low impairment charge in the third quarter and extended support for borrowers, according to BofA Securities. The Lloyds Banking Analyst: Rohith Chandra-Rajan upgraded Lloyds Banking Group from Underperform to Neutral and raised the price target from 26 pounds sterling ($33.76) to 30 pounds ($38.96).

BofA Upgrades Lloyd's, Projects Return To Profit In 2020

Britain's biggest domestic bank Lloyds said it is cutting 1070 jobs, accelerating redundancies despite a return to profit in the third quarter.

Britain's Lloyds steps up job cuts with more than 1,000 fresh layoffs

Lloyds Banking Group plc (LYG) CEO António Horta-Osório on Q3 2020 Results - Earnings Call Transcript

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With European banks gearing up to report third-quarter earnings, analysts are expecting sharp reductions in loan loss provisions to drive a fragile stabilization.

European banks are set for a better earnings season as bad loan payouts stabilize

American Financial's (AFG) pending divestment of Lloyd's-based insurer Neon marks the company's move to exit from the Lloyd's of London insurance market.

American Financial (AFG) to Offload Neon, Exit Lloyd's

Lloyds Bank has been through the financial wars in recent years and doesn't seem to be doing all that well right now.

Lloyds - A Leveraged Bet On The British Housing Market

Llyods (LYG) to revive cost-saving plans with job cuts in the bank's insurance and wealth management divisions.

Llyods (LYG) to Cut Jobs, Resume Restructuring to Save Costs

Britain's competition authority stops Lloyds (LYG) from forcing small business owners to open fee-paying current accounts in order to access loans under government scheme.

Lloyds Stopped by CMA From Pursuing Non-Compliance Practices

Britain's biggest domestic bank Lloyds is making 860 redundancies to cut costs as COVID-19 hammers lenders' finances.

Britain's Lloyds Banking Group cuts 860 jobs

Britain's competition watchdog has stopped Lloyds Banking Group from forcing small business customers hit by the COVID-19 pandemic to open business current accounts to access emergency state-backed funding.

Competition watchdog blocks Lloyds' unfair treatment of COVID-19-hit firms

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There has been a lot of hand wringing from investors who missed the massive increase in stocks after the March rally.

3 Heavyweight U.K. Stocks Still Trade Near Their March Lows

Lloyd's of London reopened its underwriting floor for the first time in nearly six months on Tuesday, with the first day back marked by a protest over the underwriting of coal and tar sands.

Fossil fuel protest targets reopening of Lloyd's underwriting floor

NEW YORK, Aug. 17, 2020 /PRNewswire/ -- Thimble, the insurtech startup that helps small businesses succeed on their own terms, has been selected to the Lloyd's Lab innovation accelerator program, where it will develop solutions to support the market to respond to COVID-19.

Lloyd's Lab selects Thimble to develop Pandemic Business Interruption Insurance for SMBs

Lloyds' Credit Quality Drives 60% Upside Once It Emerges From A Challenging Year

Lloyds Banking Group plc (LYG) CEO António Horta-Osório on Q2 2020 Results - Earnings Call Transcript

Lloyds Banking Group plc (LON: LLOY) said on Thursday that it concluded the first half (H1) of the ongoing financial year with a pre-tax loss. The company attributed its dovish performance to the Coronavirus pandemic that resulted in a sizable impairment charge.

Lloyds Banking Group reports a 38% decline in net income in H1

Britain's biggest domestic bank Lloyds has set a target to increase the number of Black staff in senior roles to at least 3% by 2025 from just 0.6% now.

Lloyds Bank sets target to increase number of senior Black staff

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC), collectively referred to as National Lloyds Group.

AM Best Removes from Under Review With Developing Implications and Affirms Credit Ratings of National Lloyds Insurance Company and American Summit Insurance Company

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