Tag: Lloyds Banking Group

Britain’s Daily and Sunday Telegraph Put up for Sale After Bank Runs out of Patience

June 8, 2023
Barclay brothersBusiness & MarketsCompaniesDaily TelegraphLloyds Banking GroupMedia & Big TechUKWorld
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A traditionally conservative newspaper group has been put up for sale after the Bank of Scotland—owned by the Lloyds Banking Group—ran out of patience with its owners over a £1 billion debt. The Daily Telegraph, its Sunday sister paper, and The Spectator magazine will now be sold to the highest bidder after the failure of…

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Britain’s Lloyds Racks up $350 Million of Likely Scam COVID Loans

September 7, 2022
Business & MarketsBusinesses in COVID-19CompaniesCOVID LoanseconomyLloyds Banking Groupscam
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LONDON—Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data. British banks overall have classified some 1.1 billion pounds worth of the emergency lending scheme known as “bounce back”…

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Lloyds Offers Extra Support to 2 Million Customers as Cost Rises Hit Hard

July 14, 2022
Business & MarketsCompaniesdebtseconomyinflationLloyds Banking GroupmortgageUKUK EconomyWorld
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LONDON—Britain’s biggest domestic lender Lloyds Banking Group contacted 2 million of its 26 million customers in May after identifying they could need extra support to cope with soaring food and energy prices and rising debt costs. The UK’s largest mortgage provider outlined options including debt consolidation, household budget reviews, and spending control tools to customers…

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