Latest News About Lloyds Banking Group

Lloyds slumps to 6.3bn loss as bad debts balloon

Posted by admin! / Under Lloyds Banking Group

Lloyds Banking Group become the second state-owned bank in as many days to announce a multi-billion pound loss as its bad debts rose. Good to see taxpayers' money so well invested.

Published on Monday 8th of March 2010 09:07:23 AM

Lloyds TSB boss agrees to waive bonus

Posted by admin! / Under Lloyds Banking Group

The chief executive of Lloyds Banking Group, Eric Daniels, has decided to waive his £2.3m bonus for 2009. The bank, which is 43%-owned by the taxpayer, said Mr Daniels took the decision to prevent a row over bonuses. He was said to be concerned that a row would distract attention from the "excellent progress" made by the bank over the last year

Published on Monday 8th of March 2010 09:07:23 AM

The Week Ahead: RBS and Lloyds to post £12bn losses - S

Posted by admin! / Under Lloyds Banking Group

Royal Bank of Scotland and Lloyds Banking Group will announce their 2009 results this week, but analysts predict both are some way from profitability. The two British giants, both of which have been propped up by the Government, are expected to be overshadowed by Barclays' stellar results from last week.

Published on Monday 8th of March 2010 09:07:23 AM

Bank of Scotland To Close Halifax Retail Branches In Ireland

Posted by admin! / Under Lloyds Banking Group

Following a strategic review of its Irish operations, Bank of Scotland (Ireland) (BOSI), a unit of Lloyds Banking Group (Lloyds), is set to close its Halifax retail banking business as Ireland continues to struggle in a difficult economic environment.