Lloyds Banking Group, Britain’s biggest mortgage lender, posted a wider third-quarter loss after setting aside an additional £750m (€875m) to compensate clients wrongly sold loan insurance.

Lloyds Banking Group, which is backed by the UK government, has agreed to sell off its Australian insurance and corporate lending businesses for £900m as it narrows its focus on the UK.

TSB will become Britain’s eighth biggest high street bank when it is re-launched today as a standalone brand 18 years after disappearing when it merged with Lloyds.

TSB will become Britain’s eighth biggest high street bank in the UK when it is re-launched next week as a standalone brand 18 years after disappearing when it merged with Lloyds.

Lloyds Banking Group is reported to be lining up the cut-price sale of a German insurance business as it looks to slim down its international presence.

Britain could soon start selling its stake in Lloyds Banking Group after the country’s largest retail bank accelerated a turnaround and flagged a return to payouts for shareholders.

A return to dividends at Lloyds Banking Group could be on the cards after its chief executive said the state-backed bank’s improving health increases the possibility of payouts.

Pressure is mounting in the UK on disgraced former HBOS bosses amid anger over mammoth pension pots and nearly £1m of “bonuses for going bust”.

Accountancy giant KPMG is facing a potential investigation over the audit work that gave HBOS a clean bill of health in the run-up to its collapse.

Former HBOS chief executive James Crosby has stepped down as non-executive director of catering firm Compass Group and said he wants to be stripped of his knighthood in the light of last week’s scathing report into the bank’s collapse.

Royal Bank of Scotland Group has channelled the equivalent of almost a third of its £45.5bn (€53.6bn) government rescue into bailing out Ulster Bank after property loans soured.

A stinging report into the collapse of Halifax Bank of Scotland (HBOS) recommended that former senior executives at the bank should be barred from working again in financial services and severely rebuked the regulator for failing to prevent its collapse.

Greek and British businessmen at the centre of a mass property fraud have been found guilty of swindling £740m (€891m) from AIB.

Britain’s banks could face the threat of being broken up after a report warned the ring-fence to separate risky operations from savers’ deposits needed “electrification”.

LARRY Goodman’s purchase of the old Bank of Ireland headquarters on Baggot St in Dublin — announced last weekend — is a remarkable story.

Lloyds Banking Group plans to sell about €2bn of mainly Irish property loans, the latest phase in extricating itself from Western Europe’s biggest property crash, according to a source with knowledge of the transaction.

Taxpayer-backed Lloyds Banking Group has sold more than £1bn (€1.27bn) of investments it inherited from its disastrous takeover of HBoS as part of its drive to return its balance sheet to health.

Lloyds Banking Group Plc, Britain’s biggest mortgage lender, said its Irish loan impairment charge was cut by half to £897m (€1.115bn) in the first six months compared with a year earlier as the pace of increase of home-loan arrears slowed.

Organisations can bounce back from brand-busting events but the IT debacle which has beset Ulster Bank is really testing customer loyalty and has raised questions about RBS’s commitment to the Irish market, writes Kyran Fitzgerald

Those distinguished former Bank of Ireland governors must be turning in their graves.

Bank of Scotland was guilty of “very serious misconduct” which contributed to the taxpayer bailout of its parent company HBOS, the UK City watchdog said today.

Paper Promises: Money Debt and the new World Order

The finance boss who helped steer Lloyds Banking Group through the aftermath of its HBOS acquisition in 2008 announced plans to quit the firm today.

Lloyds Banking Group delivered another blow to staff today as it unveiled plans to slash a further 15,000 jobs by 2014 in a bid to save £1.5bn (€1.66bn) a year.

Lloyds Banking Group is expected to signal thousands more job cuts tomorrow as part of a drive to save an extra £1bn (€1.1bn) a year in costs.

Lloyds Banking Group will signal thousands more job cuts this week as part of a drive to save an extra £1bn a year in costs.

Part-nationalised Lloyds Banking Group fell back into the red today after it set aside £3.2bn (€3.5bn) to cover payment protection insurance (PPI) mis-selling claims.

British banks should ringfence their retail businesses from investment banking operations to protect savers’ deposits under proposals outlined by the Independent Commission on Banking (ICB) today.

Proposals for the future of Britain’s banking sector will be sketched out on Monday when the Independent Commission on Banking (ICB) delivers its keenly-awaited interim report.

The FTSE 100 Index pushed closer to a six-week high after retail stocks surged following a better-than-expected update from bellwether Marks & Spencer.

As the reputation of Irish bankers hits the floor, we have turned to those from outside our shores to help steer our banks back towards some form of respectability. Whether it will work or not remains to be seen, writes Kyran Fitzgerald

The FTSE 100 Index remained near a four-month high today as encouraging signs from the US economy settled investors at the end of a nervy week.

The body charged with managing British taxpayer-owned banking assets said today that it had pulled off a "real coup" in hiring investment banker Jim O'Neil to oversee the sale of stakes in Lloyds and Royal Bank of Scotland.

Lloyds Banking Group today confirmed a deal to offload investments including cinema chain Vue and shirt maker TM Lewin - bought by HBOS in a buying spree prior to its collapse.

Part-nationalised British bank Lloyds said today that it would axe another 650 jobs and shut a site in Nottingham as part of a raft of changes.

The former boss of rescued bank HBOS earned more than £2m (€2.28m) in pay and benefits for just nine months in his new job heading high street giant Alliance Boots, it emerged today.

Banks will be the centre of attention in the UK this week with trading updates and annual meetings from major players, while first-quarter figures from insurance giant Prudential will also be watched closely.

Part-nationalised British bank Lloyds today confirmed it returned to profit in the first three months of the year after a marked slowdown in bad debts.

Part-nationalised Lloyds Banking Group today flagged up a return to profit this year after seeing lower than expected bad debts.

Lloyds Banking Group missed out on a rally for the wider London market today after the part-nationalised bank posted a £6.3bn (€7.05bn) annual loss.

Lloyds Banking Group bucked an improved trend for the London market today after the part-nationalised bank posted a £6.3bn (€7bn) annual loss.

Part-nationalised British lender Lloyds Banking Group slumped into the red last year with losses of £6.3bn (€7bn), it said today.

Royal Bank of Scotland chief executive Stephen Hester could be in line for a bonus of up to £1.6m (€1.82m) this week despite the bank's predicted hefty losses, it was reported today.

Richard Branson’s Virgin Money launched its assault on the UK retail banking market today after agreeing a deal to buy regional bank Church House Trust.