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Pin to quick picksLloyds Share News (LLOY)

Share Price Information for Lloyds (LLOY)

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Share Price: 55.56
Bid: 55.64
Ask: 55.66
Change: -0.52 (-0.93%)
Spread: 0.02 (0.036%)
Open: 56.22
High: 56.32
Low: 54.98
Prev. Close: 56.08
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UK's Barclays most complained-about bank - but gripes are falling

Wed, 09th Apr 2014 09:33

LONDON, April 9 (Reuters) - Barclays Bank Plc hastopped the list of the most complained-about British bank,although the number of reported grievances against financialservices companies has fallen by 15 percent overall.

The Financial Conduct Authority (FCA) said on Wednesday thatalmost 310,000 new complaints from retail customers had beenopened against Barclays from July to December last year.

That marked a fall of 17 percent from the first half of theyear, but was still around 50,000 more than second-ranked LloydsBank Plc.

However, Lloyds was the only financial services company tosee complaints edge a fraction higher. Credit card issuer MBNA,Lloyds-owned Bank of Scotland and National Westminster Bank,owned by part-privatised Royal Bank of Scotland, tookthe last three slots in the table.

"No firm wants to top this particular list, and they allshould be striving to ensure that customers are being treatedfairly and not given cause to complain," said FCA ChiefExecutive Martin Wheatley, releasing the latest complaints data.

"This is an indication that firms seem to be puttingcustomers at the heart of their business. However, there isclearly more for us all to do to show consumers their interestscome first."

The majority of customer complaints still centre on paymentprotection insurance, a mis-selling scandal for which banks haveset aside more than 20 billion pounds ($33.5 billion) forcompensation claims, followed by gripes about other insuranceproducts, current accounts, credit cards and savings. ($1 = 0.5970 British Pounds) (Reporting by Kirstin Ridley; Editing by Hugh Lawson)

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20 Jun 2024 17:08

Fnality to seek Bank of England permission for intraday repo settlement

LONDON, June 18 (Reuters) - Payments firm Fnality and fintech HQLAX said on Tuesday it would launch a new service by the end of the year for banks to slash the time and financial resources needed for settling sterling-denominated repo trades.

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18 Jun 2024 09:00

Fnality seeks Bank of England permission for intraday repo settlement

LONDON, June 18 (Reuters) - Payments firm Fnality and fintech HQLAX said on Tuesday they would launch a new service by year end for banks to slash the time and financial resources needed for settling sterling-denominated repo trades.

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17 Jun 2024 22:30

UK's Labour pledges to plug gaps left by bank branch closures

LONDON, June 17 (Reuters) - Britain's Labour Party said on Monday it would give regulators new powers to significantly increase the number of 'banking hubs' on high streets if voted into government next month.

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17 Jun 2024 11:23

Home REIT board to consider "more extensive realisation strategy"

(Alliance News) - Home REIT PLC on Monday said it will seek alternative funding sources after it failed to secure a refinancing of an existing loan.

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17 Jun 2024 09:33

LONDON BROKER RATINGS: Goldman Sachs cuts SSP Group to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

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14 Jun 2024 20:54

Acuity RM loss widens; names new finance director

(Alliance News) - Acuity RM Group PLC reported Thursday a widened yearly loss on a rise in costs.

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13 Jun 2024 10:45

Britain's Lloyds Bank consolidates London offices

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12 Jun 2024 12:08

LONDON MARKET MIDDAY: London up ahead of US Fed and inflation data

(Alliance News) - Stock prices in London were higher at midday Wednesday, ahead of an interest rate decision and inflation data from the US.

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10 Jun 2024 15:36

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.

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10 Jun 2024 14:07

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.

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7 Jun 2024 12:05

LONDON MARKET MIDDAY: Europe on the back foot as US jobs report looms

(Alliance News) - Stocks in London retreated on Friday ahead of the US jobs report, leaving the FTSE 100 on track for a fourth consecutive weekly loss.

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31 May 2024 12:59

CORRECT: Watchdog launches inquiry into Nationwide buy of Virgin Money

(Clarifying the acquisition is in cash.)

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31 May 2024 10:03

UK watchdog launches inquiry into Nationwide-Virgin Money merger

(Alliance News) - The Competition & Markets Authority on Friday said it had opened an inquiry into Nationwide Building Society's acquisition of Virgin Money UK PLC, on the grounds that the move could hurt banking competition in the UK.

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31 May 2024 08:34

UK competition watchdog probes Nationwide-Virgin Money deal

May 31 (Reuters) - Britain's competition regulator said on Friday it had started a probe into Nationwide Building Society's proposed 2.9 billion pound ($3.7 billion) all-cash deal to buy Virgin Money UK.

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23 May 2024 10:44

IN BRIEF: Lloyds Banking to redeem USD1.5 billion senior notes

Lloyds Banking Group PLC - Edinburgh-based lender - Issues notice of redemption for entire USD1.50 billion outstanding principle amount of its 3.870% senior callable fixed-to-fixed rate notes due in 2025. Says the outstanding notes will be redeemed on July 9 at 100% of the principle amount together with any accrued but unpaid interest. The notes' listing on the New York Stock Exchange will be cancelled on or shortly after that date.

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