Taxpayer-backed bank Lloyds Banking Group loses another senior executive as finance director Tim Tookey resigns to take up the same post at Friends Life... more
Profits at taxpayer-backed bank Lloyds were wiped out in the first half of this year after it took a £3.2 billion hit for mis-selling insurance to customers. Its shares dropped to a two-year low... more
Gloomsters were making hay today as the rain poured down on Lloyds. "It may be many years before the taxpayers's stake can sold," declared one. "Taxpayers may never make a profit from bank bail-outs," screamed another. ... more
The banking sector reports a decline in business volumes in "an unsettling quarter" in which it emerges lenders could be forced to ringfence their retail and investment operations... more
Antonio Horta-Osorio's reputation was burnished by Santander's sure-footed negotiation of the financial crisis, but turning around Lloyds Banking Group is another matter entirely... more
Lloyds Banking Group chief executive Antonio Horta-Osorio wields the axe on another 15,000 staff in Britain's biggest jobs cull, while setting out plans for a fresh assault on the UK banking market through a revitalised Halifax... more
For sale. One bargain 88ft turbo-charged yacht awaiting your enjoyment, yours for as little as £1.3 million. The only catch is the previous owner - a certain B Madoff... more
Those betting on big oil and gas finds for Sterling Energy and Faroe Petroleum were wincing today, as a double dose of disappointment left the prospectors the City's worse performers by a comfortable margin... more
Taxpayer-backed Lloyds Banking Group is expecting to face tough questions at its annual meeting over a multimillion-pound pay deal for its new chief executive... more
Taxpayer-supported Lloyds Banking Group plunges back into the red as it sets aside a staggering £3.2 billion to pay compensation to millions of its customers who have been mis-sold payment protection insurance... more
Profits at Santander UK, which bought Alliance & Leicester and much of Bradford & Bingley during the financial crisis, fell 3% in the past three months as it was forced to hold an extra £30 billion of liquid assets to meet tougher regulation... more
Santander UK throws the gauntlet down to its rival High Street banks by revealing just three of its staff were paid more than £1 million last year... more
Ten days after he became the new chief executive of Lloyds Banking Group, António Horta-Osório announces a major shake-up of its retail management... more
As City folk prepare to descend on Twickenham for England's latest RBS Six Nations match against France this weekend (very good of the 83%-taxpayer-owned bank to sponsor it), there is intriguing news of another recent jolly at the rugby... more
Council spent more than £1 million on advisers to help cut costs - despite planning to send 'begging letters' to its wealthiest residents in a bid to raise money for frontline services... more
Lloyds Banking Group is to axe another 400 jobs, taking the total number of posts lost to 22,000 since it was part-nationalised in September 2008... more
Market Round-up: BHP Billiton’s appetite for acquisition is knocked off course as Canada unexpectedly blocks its $39 billion bid for Potash Corpo — but its shares go sprinting upwards... more
Lloyds Banking Group poaches Antonio Horta-Osorio, the head of arch-rival Santander’s UK business, to take over from Eric Daniels as its new chief executive... more
Santander UK said its profits soared by more than 30% last year as it carved out a bigger share of the mortgage and current-account markets in this country... more
Abbey, the Spanish-owned bank which swallowed up Alliance & Leicester and parts of Bradford & Bingley, saw its profits jump more than 30% in the first six months of the year... more
Abbey surprised the banking industry by reporting a significant decline in the amount it put aside for bad debts in the first three months of the year ... more
Banking: Abbey gave what is likely to be a rare upbeat view of business last year when many of its rival UK banks were driven into the hands of the Government or foreign investors... more
When Chancellor Alastair Darling rose to address MPs on the financial crisis at 3.29 pm yesterday the FTSE 100 share index was a mere 200 points down... more
Afternoon:
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