News

Figures undermine Osborne's claims that sale presented a profit for taxpayers

Bischoff named chairman of Lloyds Banking Group

Sir Win Bischoff, the former chairman of the US megabank Citigroup, is to become chairman of Lloyds Banking Group when the incumbent, Sir Victor Blank, steps down in September.

Brown urged to act over Lloyds jobs axe

Prime Minister Gordon Brown was today urged to send a message to bank bosses at Lloyds that further jobs cuts would be "totally unacceptable"

Lloysd to close all branches of Cheltenham & Gloucester

Cheltenham & Gloucester is to be the latest historic banking name to disappear from Britain's high streets. Lloyds Banking Group, which bought the former building society in 1994, is to shut all 164 C&G branches in November, it announced yesterday.

Lloyds raises £4bn as repayment to Treasury begins

Shareholders take up 87 per cent of rights issue but Treasury stake is maintained at 43 per cent

Jeremy Warner: Good bank, bad bank

Outlook What could have possessed Lloyds Banking Group to rush out its interim management statement on the same day as first-quarter numbers from Barclays? The contrast between the two could scarcely have been more humbling.

JJB boosted as creditors approve CVA

The troubled sportswear retailer JJB has taken a massive step towards safeguarding its future and 12,000 jobs after the majority of its creditors approved of its company voluntary arrangement.

Punitive rate rises for RBS cardholders

State-owned bank criticised for treatment of credit card customers

Jeremy Warner: Ronson won't call the turn quite yet

Outlook To London's Dorchester Hotel, where Gerald Ronson was yesterday hosting his annual City lunch. The Heron International boss is as seasoned a participant of the European property market as they come, having successfully managed his way through at least three cycles. This must be his fourth.

Government steps in to protect Dunfermline savers

Savers have been reassured that their money is safe as the Government was forced to step in to save Scotland's biggest building society.

The data trails that reveal every detail of our lives

Catch a train, buy groceries, shop online – and a database records the transaction. Should we worry about this? Can we stop it?

Jeremy Warner: Remember the knights who were after HBOS?

Outlook One of the joys of financial crises is that they are great levellers. They make fools of even the most arrogant and pompous of financiers. So take heart from the two Scottish bankers who, puffed up with their own sense of self importance, who thought the Lloyds TSB takeover of HBOS such a bad deal for Scotland that they boldly announced they were drumming up financial support for a counter.

Stephen Glover: The newspapers now berating Lloyds were once its cheerleaders

The economic crisis has shaken the faith of many in capitalism itself. I can’t pretend to be entirely immune from such feelings. But I suppose the bigger shock to one’s system is the realisation that the suave bankers counting their bonuses in the boardroom don’t have any more idea of how to run their businesses than the doorman twenty floors below.

Government set to strip ex-RBS boss of pension

The Government is prepared to change the law to strip former banking chief Sir Fred Goodwin of his £650,000-a-year pension, Commons Leader Harriet Harman hinted today.

Corporate lending fuelled HBOS's heavy losses

HBOS's disastrous 2008 losses were fuelled by one division in particular - its corporate lending arm.

Banks lose test case over charges

Bank charges for unauthorised overdrafts are subject to regulation by the Office of Fair Trading (OFT) under "unfair contract" rules, the Court of Appeal held today.

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