The bank has a major shake-up planned for borrowing charges starting in November.Read the full story ›
Lloyds Banking Group has been fully returned to private hands nearly nine years after being bailed out during the financial crisis.Read the full story ›
Taxpayers have recovered all of the £20.3 billion bailout injected into Lloyds to prevent it from collapsing during the financial crisis.Read the full story ›
The taxpayer's stake in Lloyds banking group has been cut to below 2% as the Government continues to sell its shareholding to the lender.Read the full story ›
All proceeds from the sale of shares are used to reduce the national debt.Read the full story ›
The extra funds are to cover payment protection insurance claims, the bank said.Read the full story ›
The latest share reduction is hailed a 'milestone', nine years after a £20.3bn bailout bought taxpayers a 43% stake in the crisis-hit bank.Read the full story ›
Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces for a cut in interest rates, it has announced.Read the full story ›
Lloyds Banking Group has posted a 6% fall in underlying profits to £2.1 billion for the first quarter of the year, down from £2.2 billion a year earlier.
It hailed a "robust" performance in the first three months of 2016.
It said that, excluding the TSB business, which it sold last year, profits were "stable" on a year earlier.
The lender has escaped the hefty profits hit suffered by its investment banking rivals, with Barclays posting a 25% fall in first-quarter profits on Wednesday.
Responding to today's record £117 million fine over its handling of PPI complaints, Lloyds Banking Group said that it takes responsibility for its mistakes and is looking to rebuild trust with customers.
We are trying to get it right for our customers and to rebuild trust. But we do not get everything right.
That means when we make mistakes, we will take responsibility for them.
This is what we have done here.
The group said it has launched a programme to re-review or automatically uphold around 1.2 million PPI complaints.
It has also set aside £710 million to cover any redress due to affected customers, who are being contacted directly.
The group said that following its review, 90% of customers received payment and the remainder will be completed by the end of June.