The Financial Conduct Authority (FCA) has reached an agreement with seven of the UK's biggest high street banks that will see them use a same day 'retry system' when processing direct debits, standing orders and future dated bill payments.
London Stock Exchange today welcomed Lloyds Bank to open its UK markets, marking the banks new role as dedicated market maker on the Order book for Retail Bonds (ORB).
UK supermarket chain Sainsbury's has confirmed its intention to assume full control of its banking operations and has hired US-based FIS as its chief technology partner.
UK supermarket chain J Sainsbury says it is in "advanced negotiations" with Lloyds Banking Group to take over full ownership of Sainsbury's Bank.
Chase has topped Forrester Research's mobile banking rankings, with Spain's la Caixa proving Europe's top dog and HSBC trailing badly at the bottom of the table.
The Co-operative Group has pulled out a deal to buy 632 branches from Lloyds Banking Group, which says it will now spin off the network in an IPO.
A two-man team from Lloyds TSB has won top honours at Microsoft's week long Digital Wallet Foundry identity and loyalty hack-a-thon in London with a proof-of-concept application to ease customer verification at the check out.
Lloyds Bank Commercial Banking has appointed Alex Pereira as Head of Global Corporates FX Markets Solutions, based in London. Starting on 29th April, he will report into Jeremy Adam, Head of FX Markets Solutions.
Lloyds Bank Commercial Banking has appointed a new Director of Cards to lead the bank's overall Commercial Banking Cards business, as well as two Heads of Sales for core segments of its Card Issuing & Merchant Services business.
Lloyds Banking Group has been slammed by union Unite over plans to offshore 190 IT jobs as part of larger round of 940 UK layoffs.
© Finextra Research 2013