LONDON (Reuters) – Lloyds Banking Group (L:) has been criticized for mishandling a compensation scheme for victims of one of Britain’s biggest banking scandals in a report published on Tuesday. The bank’s scheme had ‘serious shortcomings’, retired judge Ross Cranston said in a review into how Lloyds compensated victims. TheRead More →
© Reuters. Lloyds Wins Suit Over HBOS Takeover During Credit Crunch (Bloomberg) — Lloyds Banking Group PLC (LON:) won a landmark London lawsuit Friday over its decision to take over the ailing HBOS Plc a decade ago — a turbulent chapter that “deeply troubled” senior executives and ultimately contributed toRead More →
© Reuters. FILE PHOTO: Boat sits in backyard after Hurricane Florence in New Bern, North Carolina By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn LONDON/NEW YORK (Reuters) – Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisonedRead More →
© Reuters. Lloyd’s of London CEO John Neal poses for a portrait at the Roger New York hotel in New York By Suzanne Barlyn NEW YORK (Reuters) – Lloyd’s of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive OfficerRead More →
Lloyds Banking Group has been forced to repay around £10 million to up to 200,000 customers who were denied seven years of interest payments due to an administrative error, MarketWatch can reveal. The British banking company LLOY, -1.78% LYG, -1.81% failed to advise scores of customers that it had slashedRead More →
© Reuters. FILE PHOTO: The offices of Standard Life Aberdeen in Saint Andrew Square Edinburgh, Scotland LONDON (Reuters) – Standard Life (LON:) Aberdeen said on Tuesday that a tribunal has ruled in its favor regarding a dispute over an investment contract it had with Lloyds Banking Group (LON:) The tribunalRead More →
