Lloyds Banking Group has been hit with the largest fine for any UK high street lender in five years, after an investigation by the regulator concluded that the group had failed to support customers in
Britain's biggest domestic bank Lloyds has been fined 64 million pounds ($81.2 million) by the Financial Conduct Authority for mistreating hundreds of thousands of mortgage customers in financial diff
Half a million customers have already received a share of £300m in compensation, the bank says.

PRESS DIGEST-Financial Times - June 1

12:34am, Monday, 01'st Jun 2020

CoCo Bond Investors Face a Covid-19 Reckoning

05:30am, Wednesday, 27'th May 2020
(Bloomberg Opinion) -- The Covid-19 pandemic is even starting to affect the highly specialized world of bank capital.Lloyds Banking Group Plc, a large British lender, has just become the third Europ

MORNING BID-A turn for the worse

08:21am, Friday, 22'nd May 2020
Escalating rhetoric from President Donald Trump hit Wall Street yesterday, but Asian markets today are red all over following China's proposal for a new Hong Kong law to ban sedition, secession and tr
When a payroll glitch left Natalie Gallagher so short of cash this month she couldn't afford her bus fare to work, she turned to her usual lender Amigo for an emergency top-up loan. Like many of the
Let's see if Lloyds Banking Group (LYG) stock is a good choice for value-oriented investors right now from multiple angles.
Best known as Britain's biggest financial crisis failure, some investors and analysts view majority state-owned Royal Bank of Scotland as the lender likely to emerge strongest from the coronavirus dow

PRESS DIGEST- British Business - May 19

12:32am, Tuesday, 19'th May 2020
The following are the top stories on the business pages of British newspapers. - Unsecured creditors of Cath Kidston are owed about £90 million and are expected to receive only a small dividend afte
Many of the City of London's bankers and traders will be working from their kitchens or bedrooms for at least a year under some scenarios being planned by finance companies in Britain. Banks, insuran
A "desk top" stress test has shown that top banks and building societies can withstand the anticipated economic fallout from the coronavirus pandemic, the Bank of England said on Thursday. The BoE's
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