Lloyds Bank set to increase motor finance provisions October 9, 2025 Lloyds Banking Group said on Thursday morning it would “likely… be required” to hike its motor finance provisions following further updates on the regulatory redress scheme. The FTSE 100 banking titan – which owns the UK’s largest motor finance lender Black Horse – currently leads the pack for £1.2bn in provisions. The Financial Conduct Authority [...]
Lloyds Bank: 3,000 jobs at risk in performance overhaul September 4, 2025 Lloyds Bank is planning a major overhaul of its operations that could put five per cent of workers on the chopping block. The bank is set to review its approach to performance management with the bottom 3,000 of the firm’s 63,000 employees at risk of losing their role. The new plans, as reported by the [...]
Finance bosses back AI despite job loss concerns September 2, 2025 The financial services industry is set to drive more investment into AI as the industry’s senior leaders turn bullish on the tech. More than half of UK institutions expect to up their AI investment in the next 12 months while one in five said they would maintain current levels, data shared with CityAM revealed. [...]
Rachel Reeves told ‘copy Margaret Thatcher’ with bank tax raid August 29, 2025 Britain’s banking titans are back in the hot seat as Rachel Reeves faces renewed calls to hike taxes on lenders. The self-described “iron Chancellor” has been advised to take a leaf out of Margaret Thatcher’s book with a fresh levy on banks that would hand the Treasury up to £8bn a year. The levy – [...]
Overreaching banks are locking millions out of the crypto market August 22, 2025 Banks are locking millions out of the crypto market with arbitrary bans - this overreach needs to stop, writes Michael Healy.
Natwest boosts AI strategy with AWS and Accenture July 23, 2025 Natwest Group has announced a five-year collaboration with Amazon Web Services (AWS) and consultancy Accenture to accelerate its bank-wide data and AI transformation, ahead of its half-year earnings release scheduled for July 25. The agreement forms part of the group’s broader strategy to simplify its operations and offer a more personalised customer experience. By consolidating data currently housed [...]
UK bank profits in focus as lenders await critical motor finance court ruling July 20, 2025 Investors will be hoping UK banks will report solid earnings as lenders await the outcome of a critical court judgment that could unleash a major car finance compensation scheme. Lloyds Banking Group will kick off the sector’s half-year earnings with its results on Thursday, followed by NatWest Group on Friday. It comes at a significant [...]
AI triggers biggest financial services skills crunch in 15 years May 19, 2025 The UK financial services sector is facing its most significant technology skills shortage in over 15 years, driven by the rapid adoption of artificial intelligence. According to the latest Harvey Nash digital leadership report, AI has surged from the seventh to the most scarce technology skill in just 18 months – a 260 per cent [...]
Britain’s SMEs must get over their aversion to debt to ramp up growth May 8, 2025 Britain's small businesses can power growth, but only with a rebooted SME finance market, writes Allica Bank CEO Richard Davies.
UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.