Lloyds Banking Group

British shoppers reined in Christmas spending, official figures show

Spending fell 1.5% in December as consumers brought forward purchases to Black Friday<p>British shoppers sharply reined in spending over the Christmas period, as Black Friday deals encouraged them to purchase presents earlier, rounding off the weakest year for retail sales growth since 2013.<p>According …

Business

Still got some old round pounds? It's not too late to change them for new ones

You might know the old £1 coins are no longer legal tender.<p>But did you realise you can still take them to the bank - and sometimes get shiny new ones …

Banking

Carillion taskforce to discuss how to prevent domino effect on UK economy

Business secretary convenes meeting after unions call for limiting job losses at collapsed firm and supply chain companies<p>A taskforce of banks, businesses and construction industry trade bodies will meet with the business secretary on Thursday to discuss ways to contain the impact of Carillion’s …

Business

Number of UK home movers at 10-year high

If you’re reading this surrounded by boxes, you’re not alone. The number of people moving home at any one time is now at its highest level since …

Real Estate

Banks to set up funds to help businesses hit by Carillion collapse

Several of Britain’s biggest banks on Thursday signalled their intention to support small companies that supplied Carillion and could be hit by the …

Building Societies

RBS management ‘knew or should have known’ about rogue unit

An independent review found the senior management of Royal Bank of Scotland knew, or should have known, about the allegedly deliberate mistreatment …

Santander UK

Press release: Business Secretary welcomes action by banks to support small businesses affected by Carillion

The Business Secretary Greg Clark has today (18 January 2018) welcomed the decision by several banks to set up funds to support small businesses …

Greg Clark

Nationwide and Lloyds announce Carillion support measures

© Reuters. A logo is seen in front of cranes standing on a Carillion construction site in central London<p>By Lawrence White and Emma Rumney<p>LONDON …

Building Societies

Wenger live: Alexis, Walcott, transfers

News<p>Wenger live: Alexis, Walcott, transfers<p>17 Jan 2018<p>What are the latest goings-on in the January transfer market? What’s the manager’s reaction to …

English Premier League

PPI firm fined £350,000 for making 75 million spam calls in four months

A PPI company that made 75 million nuisance calls in just four months has been fined £350,000 by the Information Commissioner's Office.<p>The director …

Lloyds Bank

HSBC used derivatives to cut exposure to Carillion

HSBC used credit derivatives to reduce its lending exposure to Carillion as early as 2015, with the investors who bought them now facing losses after …

Banking

Lloyds keeps cash bonus cap despite return to private ownership

Sky News has learnt that Lloyds Banking Group is expected to continue with the limit on ‎cash payouts, nearly a decade after it was imposed by the …

Business (UK)

FDM everywoman in Technology Awards 2018 finalists announced - WITsend

<i>The finalists for this year’s everywoman in Technology Awards have been announced prior to the awards ceremony in February 2018.</i><p>After sorting through …

Business Technology

'Why did I have to battle my mortgage provider when I was diagnosed with cancer?'

By 2020 almost half the population will receive a cancer diagnosis in their lifetime and for most the financial impact is huge. For 80pc of people with cancer the disease costs them an extra £570 a month in lost income or increased outgoings, according to Macmillan Cancer Support, the …

Banking (UK)

UK training body took out superinjunction to block critical report

Learndirect got special treatment to suppress damning assessment of its training, says Ofsted chief<p>Britain’s biggest training provider successfully applied for a superinjunction that stopped official inspectors from passing on a critical report to the government, it has emerged.<p>It allowed …

Law (UK)

Number of homemovers is at the highest level in 10 years

The number of homeowners moving house is at the highest level in 10 years, according to analysis by Lloyds Bank, despite warnings that the level of transactions has slumped.<p>Lloyds found that the number of homeowners getting a mortgage for a new home increased by 2pc to an estimated 370,300 last …

Real Estate

Carillion held just £29m in cash when it collapsed

Carillion was left with just £29m in cash when it collapsed, according to a document that reveals the extent of the construction company’s financial …

Greg Clark

Is the open banking revolution a fraudster’s charter?

A major revolution in banking took place at the weekend — but you probably won't have noticed.<p>Under new laws, you can now ask your current account …

Banking

BoE predicts ‘entirely manageable’ impact on banks from Carillion failure

The UK’s top finances services supervisor is sanguine about the sector’s exposure to Carillion, the contractor that collapsed this week under the …

Santander UK

I transferred £10,000 into the wrong account – how can I get it back?

Somehow I managed to type the wrong sort code when transferring my redundancy payment into a new savings account<p><b>I am usually very careful with online banking but just before Christmas I appear to have inexplicably typed the wrong sort code when transferring a £10,000 redundancy payment into a new</b> …

Banking

Carillion collapse hits banks and investors, boosts short sellers

LONDON (Reuters) - Leading British lenders including Barclays, the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion's collapse on Monday.<p>Along with 10 other banks, they arranged a 790 million pound …

Business

Carillion's Failure: The Many Questions That Need Answers

Britain is reeling from the shock collapse of one of its largest corporations, the giant construction and services company Carillion Group plc. In talks over the weekend, Carillion’s management was unable to persuade its lenders to provide any more funds, and the U.K. government refused to help. …

Finance

Banks face £2bn of losses from collapse of HS2 contractor Carillion

Sky News has learnt that a complex series of financing arrangements for subsidiaries of Carillion means that the total exposure of its banking …

Santander UK

New top variable rate cash Isa pays 1.25pc

Cash Isa savers looking for a flexible account can now earn 1.25pc, but will have to wait for 60 days if they want to withdraw the cash.<p>Mansfield Building Society offers the market leading variable rate Isa, which can be opened by post or in one of its four branches in the Nottinghamshire area.<p>The …

Building Societies

Blue Monday: Who’s picking up the mental health tab?

Following a season of parties, over consumption, end of year targets, and the prospect of keeping New Year’s resolutions, it’s no wonder the …

Mental Health

TCS eyes double-digit expansion in FY19: COO N. Ganapathy Subramaniam

TCS’s chief operating officer N. Ganapathy Subramaniam. Photo: Abhijit Bhatlekar/Mint<p><b>Bengaluru:</b> There is reason why Rajesh Gopinathan, a man who …

Business (India)

Open banking? I think I’ll be keeping my door shut

I might sound like a luddite, but I’m worried that letting an app access my data might leave me vulnerable to fraud<p>Open banking starts on Saturday. But I think for the time being I’ll be keeping my door firmly shut. Why? Because it’s not absolutely clear who is going to cough up when something goes …

Lloyds Bank

INVESCO PERPETUAL DISTRIBUTION: Income fund that delivers 4%

Low interest rates over the past decade have made it nigh impossible for investors to obtain a half decent income without taking on board some level …

Finance

Carillion lenders reject restructuring plan, call for government to step in

Lenders to struggling construction group Carillion have rejected its restructuring plan and called on the government to step in and help to prop up …

The City

Banks urge government to step in to save Carillion

One of the government’s biggest contractors was fighting for survival on Friday after lenders to Carillion dismissed the company’s rescue plan and …

Downing Street