Latest Lloyds Banking Group News: Finextra Research

Co-op may be forced into £200 million IT write-off if Lloyds deal goes ahead

The UK's Co-operative Bank may be forced to write down £200 million in IT costs if it completes its agreement to buy 632 Lloyds Bank branches.

23 January 2013

/retail

Faster Payments goes slow for Lloyds customers

Lloyds Banking Group was hit by a technical problem yesterday which left customers unable to send or receive money through the Faster Payments system.

22 January 2013

/retail

UK banks get behind m-payments service ahead of 2014 launch

The UK banking sector is gearing up for the introduction of an industry-wide mobile payments service next spring, with eight major institutions committed to the launch.

15 January 2013

/regulation

Lloyds' disaster recovery put to the test in employment tribunal case

A senior Lloyds executive is suing the British bank for £1 million in lost earnings, alleging that he was forced out of his crisis management post after blowing the whistle on "startling" failures in IT disaster recovery systems.

11 January 2013

/retail

New Year celebrations delayed by Lloyds ATM failure

New Year's celebrations got off to a rocky start for thousands of Brits on Monday thanks to a glitch at Lloyds Banking Group which left customers unable to withdraw cash from ATMs.

02 January 2013

/retail

UK govt tells banks to hand over account data to customers

The UK government has warned banks that it is prepared to legislate to force them to hand over current account and credit card data to customers who request it.

19 November 2012

/retail

FSA fines Bank of Scotland over costly legacy computer lash-up

The Financial Services Authority (FSA) has fined Bank of Scotland (BOS) £4.2 million for computer system failures which meant it held inaccurate mortgage records for 250,000 of its customers. As a result of the failings, the bank mistakenly made £20.4 million in goodwill payments to some customers who did not deserve the cash bonanza.

19 October 2012

/retail

Santander blames IT integration issues for RBS branch network deal collapse

Spanish banking giant Santander has pulled out of its deal to buy 316 UK branches from the Royal Bank of Scotland (RBS), blaming IT integration costs and complications.

15 October 2012

/retail

Lloyds Banking Group and Co-op customers hit by systems glitches

Large numbers of Brits have been unable to access their accounts online and withdraw cash from ATMs after separate systems problems at Lloyds Banking Group and the Co-operative Bank.

05 October 2012

/retail

Lloyds' former security head jailed for nine years for £2.4 million swindle

Lloyds' former head of fraud and security for digital banking has received a nine-year jail sentence after pleading guilty to stealing £2.4 million from the UK banking group.

21 September 2012