Latest Lloyds Banking Group News: Finextra Research

Lloyds blasted by Union over IT restructuring programme

Lloyds is laying off 300 engineering staff under a restructuring programme that will see existing jobs repurposed as 'new' roles.

11 February 2025

/payments

People queue up at Barclays ATMs to withdraw 'free' cash

The weekend saw scores of people queuing up at Barclays' ATMs to withdraw 'free cash' after the bank's mobile and online services were hit by a technical breakdown.

03 February 2025

/people

Lloyds appoints head of responsible AI

Llloyds Banking Group has reacted to the growing pressure on banks to build safeguards around their deployment of artifical intelligence tools by appointing Magdalena Lis as head of 'responsible' AI.

31 January 2025

/retail

Lloyds and NatWest close more branches

Lloyds Banking Group and NatWest have announced the closure of nearly 200 branches between them as the industry's retreat from the high street continues.

29 January 2025

/retail

Lloyds to close Liverpool contact centre and Dunfermline office

Lloyds Banking Group is closing its contact centre in Liverpool later this year, forcing around 500 employees at the site to commute to Chester. The bank is also set to cut several hundred jobs.

15 January 2025

/retail

Lloyds branch shake-up raises fears of more closures

Customers of Halifax, Lloyds and Bank of Scotland will be allowed to use any of its branches under a shake-up that has sparked fears over more branch closures at the lender.

09 January 2025

/wholesale

Lloyds and Mastercard to lead new SME technology coalition with CFIT

Lloyds Bank and Mastercard are to lead a new coalition formed by the Centre for Finance, Innovation and Technology CFIT), to help develop the technology, policy and regulatory solutions to help the UK’s 5.6 million small businesses raise external finance more easily.

07 January 2025

/sustainable

ASA bans Lloyds ad on greenwashing grounds

The Advertising Standards Authority has upheld a claim against greenwashing by Lloyds Banking Group, banning an advert that burnished the bank's environmental credentials but failed to mention its ongoing support for fossil fuel polluting industries.

18 December 2024

/retail

Lloyds Bank adds Benefit Calculator to mobile app

Lloyds Bank has launched a new tool to help customer claim welfare and other government-sponsored payments they may be missing out on.

21 November 2024

/wholesale

Lloyds PE unit invests in LendingMetrics

Lloyds Banking Group's private equity investor LDC has backed credit risk technology provider LendingMetrics.

08 November 2024

/ai

NextGen: AI: AI adoption is thriving in the financial sector

According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.

09 October 2024

/ai

AI adoption doubles in UK banking sector

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

02 October 2024

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