Lloyds hit by record £117m fine over PPI handling

State-backed Lloyds Banking Group has been fined a record £117m by the City watchdog for mis-handling payment protection insurance (PPI) complaints.

Barclays rolls out face-to-face video banking

Barclays is to offer a “video banking” service that allows customers to have a “face-to-face” conversation with an adviser via their smartphone, tablet or computer, wherever they are in the world, whatever the time of day.

RBS 'wanted critic Tomlinson's mortgage back'

A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, Panorama has learned. In the 2013 report, Lawrence Tomlinson accused RBS of systematically wrecking viable businesses.

TSB announces share flotation price range

Shares in TSB will be sold at between 220p and 290p when the bank floats on the stock market later this month.

Lloyds Bank's Horta-Osorio defends £1.7m bonus to BBC

Lloyds Bank chief executive Antonio Horta-Osorio says in an exclusive interview with the BBC that his bonus, worth £1.7m, is aligned with taxpayers' interests.

Barclays considering closure of a quarter of its high street branches

Fresh fears of job cuts in the banking industry were raised on Tuesday night after it emerged Barclays could close a quarter of its high street branches in coming years.

Lloyds bank fined record £28m for 'serious failings'

Lloyds Banking Group has been fined £28m for "serious failings" in relation to bonus schemes for sales staff.

loyds and Nationwide drive best quarter yet for FLS

Lloyds Banking Group and Nationwide have driven the largest increase in quarterly lending since the Bank of England launched its Funding for Lending Scheme more than a year ago.

Lloyds Bank privatisation begins

The government's sale of Lloyds Banking Group has begun, with big investors being offered 6% of the bank.

RBS prepares succession plan for Hester

Royal Bank of Scotland is grooming Nathan Bostock, the state-backed lender’s restructuring boss, for the top job as part of long-term plans to replace chief executive Stephen Hester.

Moody's downgrades Co-op Bank's debt rating to 'junk'

Ratings agency Moody's has downgraded the Co-operative Bank's debt rating to "junk" status, citing fears that it is vulnerable to potential losses.

MPs: Sale of RBS or Lloyds 'not for years'

There is a risk that the £66bn invested in RBS and Lloyds Banking Group by the government may never be recovered, a parliamentary committee has warned In a report into the sale of Northern Rock, the Public Accounts Committee said the sale of the bank in 2011 was "fortunate", and Lloyds and RBS may not be sold "for many years".

RBS leaves government's toxic asset insurance scheme

Royal Bank of Scotland (RBS) has moved a step closer to becoming a private company after withdrawing from a government scheme that insures the bank's riskiest assets.

Swap mis-selling victims to wait nine months for review

Small businesses that could have been mis-sold complex interest rate derivatives face a wait of up to nine months to find out whether they are entitled to any compensation.

Lloyds could face £1.5bn claim over Libor - analysts

Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts.Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts.

Moody's downgrades 15 major banks

Credit ratings agency Moody's has downgraded 15 global banks and financial institutions.

Lloyds Banking hikes stake in Essar Energy to 7.14%

LONDON: British entity Lloyds Banking Group today said it has raised stake in Essar Energy to 7.14 per cent after purchasing additional shares.

NBNK gets approval to buy Lloyds branches

NBNK's bid to buy 632 branches from Lloyds Banking Group and create a major competitor to Britain's established high street lenders has got approval from the Financial Services Authority.

RBS confirms £163bn emergency loan repayment

Royal Bank of Scotland has confirmed it will repay next week the last of the £163bn in emergency loans it received from the US and UK governments.