Tag: Lloyds Banking Group


Lloyds Banking Group to close 66 more bank branches

July 29, 2022

Via: FinTech Futures

The closures are the latest in a long line of branch closures as high street banks grapple with changing customer behaviours and the shift to mobile and digital-first banking. Lloyds Banking Group says it has 19.1 million online banking customers […]

Activity, Retail Banking

Lloyds partners fintech Bink to create unified customer loyalty programme solution

March 2, 2022

Via: FinTech Futures

Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes, ensuring customers are identified and rewarded by retailers every time they shop with their card. The loyalty solution will be rolled out to Lloyds’ retail […]


Lloyds hires former HSBC man Boteju as new group chief data officer

November 4, 2021

Via: FinTech Futures

Boteju spent almost 10 years at HSBC before leaving in October as its global head of data and analytics. Prior to that he also spent time at Standard Chartered, Commonwealth Bank of Australian, and Vodafone New Zealand. In a post […]

Activity, Retail Banking

Lloyds to acquire savings firm Embark Group in £390m deal

July 30, 2021

Via: FinTech Futures

Lloyds says Embark will improve its ability to address the mass market and self-directed wealth sector. The bank is also hoping to replatform its pensions and retirement services, and says it wants to create a “market leading” platform for intermediaries. […]

Activity, Corporate Banking

Lloyds plans 1,040 job cuts to back office support staff

November 6, 2020

Via: FinTech Futures

The roles lost are grouped around the bank’s technology and retail operations. Lloyds says that this fresh round of cuts is offset by the creation of 340 new roles elsewhere. The bank says the changes reflect its “ongoing plans to […]


CMA stops Lloyds ‘bundling’ business accounts with loans

September 8, 2020

Via: Finextra

‘Bundling’ is where a bank requires small business customers to open a business current account (BCA) with them when applying for a loan. This restricts competition and limits choice because customers may want to hold an account with one provider […]

Activity, Corporate Banking

Lloyds commits to increase Black staff in senior roles

July 21, 2020

Via: Banking Technology

The bank reports that just 0.6% of its employees at senior levels are Black. The bank has a target of around 170 more hires to hit the 3% figure. Lloyds revealed this new commitment to its staff last week. Alongside […]


Lloyds invests in cloud-based core banking startup Thought Machine

November 7, 2018

Via: Finextra

Set up by a gaggle of former Google engineers, Thought Machine has spent the last few years trying to solve one of the biggest problems in banking: how to replace the decades old legacy core systems which hamper the delivery […]

Activity, Trading

Lloyds Banking Group Shares Hit 2017 High After Q1 Profit Doubles

April 27, 2017

Via: TheStreet

Lloyds Banking Group (LYG)  shares rose to the highest level of the year Thursday after the former state-rescued lender reported a better-than-expected doubling in first quarter pre-tax profit. Lloyds saw profit increase 99% from the from £654 million posted a […]