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Lloyds Banking Group PLC Add to portfolio

LON100:LLOY, Aug 17, 03:50 UTC

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Wednesday, August 15


News

Lloyds, Barclays Reveal Security Lapses, Disruptions in Payments

BARC LLOY

Silla Brush, John Glover, Edward RobinsonBloombergAugust 15, 2018, 1:13 PM GMT. Lloyds Banking Group Plc, Barclays Plc and other U.K. lenders disclosed major security and operational incidents that cut off customers’ access to payment services, as regulators force lenders to publicize disruptions from cyber-attacks and other causes. Tesco Bank, which was targeted by cyber-criminals in 2016, reported six incidents in the period. The public reports are part of efforts by the Financial Conduct Authority and Competition and Markets Authority to shine a light on banks’ ability to cope with a wave of hacks and technical problems and help consumers choose the best current account. For years, the Bank of England has directed financial institutions to strengthen the resilience of their computer systems.

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  • Financial
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News

Lloyds, Barclays Reveal Payment Breakdowns Under New U.K. Rules

BARC LLOY

Lloyds Banking Group Plc, Barclays Plc and other U.K. lenders disclosed major security and operational incidents that cut off customers’ access to payment services, as regulators force lenders to publicize disruptions from cyber-attacks and other causes. There were 19 such incidents at Lloyds, 18 at Barclays and 16 at Royal Bank of Scotland Group Plc that prevented customers from using telephone, mobile and Internet banking in the second quarter of 2018. Tesco Bank, which was targeted by cyber-criminals in 2016, reported six incidents in the period.

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Story Sources

finance.yahoo.com
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  • Financial
  • Science
News

Lloyds, Barclays Reveal Payment Breakdowns Under New U.K. Rules

BARC LLOY

Lloyds Banking Group Plc, Barclays Plc and other U.K. lenders disclosed major security and operational incidents that cut off customers’ access to payment services, as regulators force lenders to publicize disruptions from cyber-attacks and other causes. There were 19 such incidents at Lloyds, 18 at Barclays and 16 at Royal Bank of Scotland Group Plc that prevented customers from using telephone, mobile and Internet banking in the second quarter of 2018. Tesco Bank, which was targeted by cyber-criminals in 2016, reported six incidents in the period.

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  • Business
  • Financial
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Tuesday, August 14


News

Lloyds vs Barclays: which is the best dividend stock?

BARC LLOY

Lloyds(LSE: LLOY) and Barclays(LSE: BARC) are two of the UK’s most popular stocks. But which is the better bank from a dividend-investing perspective? Third, with earnings per share expected to come in at 7.6p this year, dividend coverage is high at 2.2 times, suggesting there’s a solid margin of safety with Lloyds’ payout. Of course, there are risks to Lloyds’ dividend. As a UK-focused bank, it is heavily exposed to the fortunes of the British economy. Barclays. While Barclays cut its dividend significantly in both 2008 and 2009, it did keep paying a small one during the Global Financial Crisis. However, after building its dividend back up slightly and paying 6.5p per share each year between FY2012 and FY2015, the bank took an axe to its payout again in FY2016, slashing it by half.

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Story Sources

uk.finance.yahoo.com
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Monday, August 13


News

Britain's Lloyds bank to raise interest rates on some savings accounts

LLOY

Britain's Lloyds bank to raise interest rates on some savings accounts. LONDON, Aug 13 (Reuters) - Britain's Lloyds Banking Group will raise interest rates on a number of its fixed and variable rate savings accounts at the end of August, a spokeswoman said on Monday. The move follows the Bank of England's decision to raise interest rates above their financial crisis lows earlier this month, with Lloyds the first of Britain's big four lenders to confirm it will pass the move on to savers. The bank's decision includes rate rises of 0.5 percent on Individual Savings Accounts (ISA)and 0.7 percent on fixed rate accounts, in a change the spokeswoman said would affect millions of savers.

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News

Can the Lloyds share price ever return to 200p?

LLOY

Shares of Lloyds Banking Group (LSE: LLOY) have lagged the FTSE 100 by nearly 10% so far this year. That’s 69% less than the 200p share price last seen in 2008, just before the financial crisis caused banking stocks to collapse. I’ll explain why the share price hasn’t recovered. And I’ll give my view on whether a 100p+ price tag is likely in the near future. So far, so good. There’s absolutely no doubt that Lloyds has made a lot of good progress since the dark days of 2008, when the bank received a £20bn bailout from UK taxpayers.

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Sunday, August 12


News

This growing threat could cause the Lloyds share price to crash

LLOY

Investors had plenty to celebrate with statutory profit before tax jumping 23% to £3.1bn and underlying income rising 7% to £4.2bn. With the CET1 capital ratio now at 15%, up from 13.5% at the end of Q2 2017, City analysts are getting quite excited about the prospect for additional cash returns. However, while these positive headlines have attracted plenty of attention, there is a worrying trend developing on the Lloyds balance sheet, which could derail the bank’s recovery. Money troubles. As one of the UK’s four primary banks, and the largest mortgage lender in the country, its balance sheet strength is highly sensitive to the health of the UK economy and consumer. Since the financial crisis, consumer finances in the UK have only improved as rising wages and record low-interest rates have helped borrowers. In the first quarter of 2018, Lloyds reported that its loan impairment charge as a percentage of its loan book was 0.12%. Even though this is just a tiny fraction of its overall £40bn unsecured credit book, impairments are multiplying.

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Wednesday, August 08


News

Why I’d shun Lloyds Banking Group plc and buy this dividend growth champion instead

LLOY

I sold my investment in Lloyds Banking Group (LSE: LLOY) at the end of 2013. At the time, it seemed to me that the firm’s operations and the share price were struggling to advance further after the post credit-crunch lows of early 2009. Such bearishness on LLoyds, and the other big London-listed banks, has proven to be broadly ‘correct’ since the beginning of 2014 because the share prices of the banks have remained stagnant, struggling to advance. Yet earnings have risen in many cases, as with Lloyds, and dividends have reappeared. But even Lloyds’ fat dividend yield now doesn’t attract me back to the stock. That’s why I’d shun Lloyds and look closely at a dividend growth champion such as UK-focused construction and regeneration firm Morgan Sindall Group (LSE: MGNS) instead.

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Tuesday, August 07


News

Bank on it: It's either legal to port-scan someone without consent or it's not, fumes researcher

LLOY

Halifax Bank scans the machines of surfers that land on its login page whether or not they are customers, it has emerged. Security researcher Paul Moore has made his objection to this practice – in which the British bank is not alone – clear, even though it is done for good reasons. The scans are legal, Halifax told Moore in response to a complaint he made on the topic last month. If security researchers operate in a similar fashion, we almost always run into the Computer Misuse Act, even if their intent isn't malicious. Having failed to either persuade Halifax Bank to change its practices or Action Fraud to act (thus far1), Moore last week launched a fundraising effort to privately prosecute Halifax Bank for breaching the Computer Misuse Act.

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Story Sources

theregister.co.uk
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  • Technology
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Friday, August 03


News

Lloyds bank raises variable mortgage rates

LLOY

LONDON (Reuters) - Lloyds Banking Group said on Friday it would increase rates on a number of its variable rate mortgage products by 0.25 percent in September, following the Bank of England's decision to raise interest rates on Thursday. The bank's Lloyds and Halifax homeowner variable mortgage rates, and its Halifax standard variable mortgage rate, will rise to 4.24 percent, according to a bank spokeswoman. "We will be contacting all customers who will see a change to their monthly mortgage payment to let them know what this means for them," the spokeswoman said, noting around half of the bank's customers have fixed rates and will therefore see no change. Barclays raised its mortgage rates on Thursday, shortly after the Bank of England's decision.

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