Lloyds Banking Group

Bank of Scotland is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the fifth-oldest surviving bank in the United Kingdom (the Bank of England having been established one year before), and is the only commercial institution created by the Parliament of Scotland to remain in existence. It was one of the first banks in Europe to print its own banknotes and it continues to print its own sterling banknotes under legal arrangements which allow Scottish banks to issue currency.

Bank of Scotland

Lloyds Banking Group Plc is a financial services company, which engages in the provision of banking and financial services. It operates through the following segments: Retail, Commercial Banking, Insurance and Wealth, and Other. The Retail segment offers broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal, and small business customers. The Commercial Banking segment provides a range of products and services such as lending, transactional banking, working capital management, risk management and debt capital markets services to SMEs, corporates, and financial institutions. The Insurance and Wealth segment focuses on the insurance, investment, and wealth management products and services. The Other segment refers to income and expenditure not attributed to the group’s financial reporting segments. These amounts include those arising from the group’s equities business, residual net interest income after transfer pricing, and certain gains from gilt sales. The company was founded by George Truett Tate in 2009 and is headquartered in London, the United Kingdom.

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Banco Santander

Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctions

Lloyds and Santander accused of providing accounts for Iranian front companies

Lloyds has reached an "agreement in principle" with a property entrepreneur over a 1.3 billion pound ($1.64 billion) lawsuit that turned on the alleged manipulation of benchmark Libor interest rates and the failure of two real estate firms.

Lloyds reaches agreement in principle over $1.64 bln London claim

Shares of Banco Santander and Lloyds Banking Group dropped after a report that Iran used the two banks to evade sanctions.

Santander, Lloyds shares fall on report Iran used banks to evade sanctions

Lloyds Banking Group PLC (LSE:LLOY) and Santander wre used by Iran to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran's intelligence services, according to a report Monday. Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial Times.

Lloyds Banking Group used by Iran to evade sanctions - FT

Lloyds Bank (LON: LLOY) share price continued its sell-off on Monday as it became the worst-performing FTSE 100 company. The shares plunged to a low of 41.07p on Monday, its lowest point since November as concerns about its business escalated.

Here's why the Lloyds share price is being shredded

Shares in Santander and Lloyds fell after the Financial Times reported that Iran used accounts from two of the UK's biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran's intelligence services.

Shares in Santander, Lloyds fall after report Iran used banks' accounts to evade sanctions

Lloyds Banking Group PLC (LSE:LLOY) is at the cusp of a potential uplift, according to a recent analysis by UBS. European banks “look cheap” against historic levels and UK banks “look cheap” compared to European banks, UBS analyst Jason Napier said in a note.

Lloyds Banking set for value uplift in 2024 - analyst

Barclays

NatWest Group plc 

Lloyds, Barclays, NatWest and the other high street banks have been told by the financial regulator to justify branch closures to protect those people who still rely on cash. The Financial Conduct Authority said it had been in consultations with the government about new powers that allow it to see why a branch is being closed and what alternative options are in place for cash users.

Lloyds and other high street banks to justify branch closures under new FCA powers

British businesses started 2024 with their confidence at the highest level in nearly two years boosted by cooling inflation and hopes for interest rates cuts, according to a survey published on Wednesday. The Lloyds Bank Business Barometer jumped by nine points to 44% this month, its strongest since February 2022.

Business optimism at two-year high, says Lloyds

Lloyds (LON: LLOY) share price continued its strong sell-off this week even as the bank announced plans to reduce its operation costs. The stock, which surged to a high of 48.35 on December 29th, has suffered a harsh reversal and collapsed to 41p, making it one of the worst performers.

Lloyds share price analysis: is this serial laggard a good buy?

Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team to understand customers' financial aims and offer services at branches, via video meetings and over the phone, a Lloyds spokesperson told Reuters Thursday (Jan. 25).

Lloyds Slashes Jobs as Banking Customers Shift to Digital

Lloyds Banking Group PLC (LSE:LLOY) is cutting around 1,600 roles across its branch network as part of an overhaul to provide more services online. The cuts from Britain's biggest domestic bank are part of a renewed push by banks to axe costs as tough economic conditions and pressure on margins from competition and peaking rates prompt them to tighten their belts, despite a year of robust profits for the industry.

Lloyds Banking axes 1,600 jobs as part of digital shift

The City watchdog's review of motor finance is going to lead to a bigger worst-case impact of up to £16 billion on bank profits than previously thought, analysts have warned.  Following guidance for analysts from the Financial Conduct Authority on its review of historical motor finance commission arrangements, estimates of the potential impact for UK banks have been revised sharply.

Lloyds and other banks face up to £16bn impact from FCA motor finance review

Britain's biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a spokesperson for the lender said on Thursday, as part of an overhaul to provide more services online.

Exclusive: Lloyds to cut around 1,600 branch jobs in digital switch

Lloyds Bank has come out on top of its Royal Bank of Canada (TSX:RY)'s rankings for the UK lender ahead of the upcoming annual results season in February. Looking ahead, RBC  points to several macro influences that will be key to how the shares perform over the test of the year.

Lloyds Bank still top of UK banks list for RBC

Lloyds Banking Group PLC (LSE:LLOY) can still be one of the highest yield shares in its sector, even amidst the increased risk in its motor finance businesses, that's according to analysts at Citibank. The American bank's London-based analysts today issued a note, after updating their model for Lloyds, and said that Lloyds motor finance business faces ‘redress risk' which would potentially eat into cash that would otherwise be spent buying back Lloyds shares.

Lloyds tipped to retain ‘one of best' yields for investors despite motor finance risk

Are Lloyds Bank and Barclays worth double their current market value? They just might be according to the latest piece of analysis by Boston Consulting, which has calculated that global banks could boost their combined market value by US$7 trillion over five years.

Bank stocks can double in value suggests US consultant Boston

Lloyds  Banking might be the worst affected of the major banks by the FCA's clampdown on motor finance commissions according to a couple of City firms. Analysts at Barclays have analysed the comments from the regulator and believe that it raises the possibility of compensation being paid the banks.

Lloyds Banking most exposed to motor finance crackdown, analysts suggest

HSBC Holdings

UK bank stocks were under intense pressure on Monday as investors reacted to ratings downgrades and last Friday's US bank earnings. Lloyds (LON: LLOY) share price plunged to 43.83p, its lowest point since December 1.

Here's why Lloyds and HSBC share prices are sinking

Shares in Lloyds Banking Group PLC (LSE:LLOY) are up around 1.1% after Morgan Stanley named it as its top UK banking pick. “Deposit mix migration has slowed down during Q3, which could make 4Q [net interest margins] less bad than feared and provides better visibility for 2024.

Lloyds Banking Group is Morgan Stanley's top UK banking pick

Lloyds (LON: LLOY) share price has retreated in the past three straight weeks as traders wait for the upcoming UK bank earnings. The stock retreated to a low of 47.20p on Monday, slightly lower than last month's high of 48.37p.

What's going on with the Lloyds (LLOY) share price?

UK banks are heading for smaller profits in 2024 as expectations of falling interest rates lead to fierce mortgage completion, analysts at Bank of America said, selection Lloyds Banking Group PLC (LSE:LLOY) a top pick in the sector. BofA cut their earnings estimates for the year for UK banks by between 7-12% in a note to clients on Friday, while making bigger reductions for 2025 earnings forecasts.

UK bank profit forecasts cut, but Lloyds and Natwest best positioned - analysts

Lloyds Banking Group PLC (LSE:LLOY) subsidiary Halifax has cut rates on residential mortgages after HSBC Holdings PLC (LSE:HSBA) began offering deals with sub-4% interest on Wednesday. Halifax announced reduced remortgage rates by up to 0.32% on Thursday to a range of its three-year fixed deals, with these set to become available on Friday.

Lloyds subsidiary cuts mortgage rates after HSBC unveils sub-4% deal

AstraZeneca

Rolls-Royce Holdings PLC

For investors, the focus in 2024 will be on navigating a year expected to be split into distinct halves. That, at least, is the conclusion of Liberum, the boutique investment bank, in assessing the tactics to deploy over the next 12 months.

Lloyds, AstraZeneca, BATs, Rolls-Royce: What's on the menu for 2024?

As 2024 unfolds, the UK equity market stands at a crossroads, influenced by a mix of domestic challenges and global economic shifts. Analyses from Citi, Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS), and Barclays provide insights into the factors shaping the UK's equity landscape.

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