Britain’s banks all avoided bills for more capital in annual stress tests for the first time since 2014, but the Bank of England warned of pain ahead if there is no Brexit deal and said the country’s current account deficit posed a big risk.

Lloyds Banking Group has unveiled a hefty rise in third quarter profits as chief executive Antonio Horta-Osorio struck a bullish tone on the state of Britain's economy.

A multimillion-pound case brought by Lloyds shareholders over the acquisition of HBOS is "fundamentally flawed at every level", the High Court in England has heard.

Lloyds Banking Group is on course to miss a self-imposed June deadline to make compensation offers to victims of the HBOS fraud scandal.

The Government is on course to sell up to €3bn worth of shares in AIB in late May — providing that the outcome of looming French election does not disturb banking markets.

The British government said yesterday it has further reduced its stake in Lloyds Banking Group, a day after the bank posted its highest profit since before the 2007 to 2009 global financial crisis.

Royal Bank of Scotland chairman Howard Davies indicated the UK taxpayer-owned bank would probably pick Dublin as its EU base following Brexit and may have to move “tens” of employees from Britain to other offices.

Britain’s housing market had its weakest month since just after June’s Brexit vote in December as house price growth slowed and the number of homes sold fell slightly, a survey of property valuers showed yesterday.

The British Government has reduced its stake in Lloyds Banking Group to less than 6%, meaning the British taxpayer is no longer the group's largest shareholder and takes the lender one step closer to being returned to private hands.

Lloyds Banking Group is reportedly planning to set up a subsidiary in Europe to maintain access to the EU's single market after Brexit.

Royal Bank of Scotland will have to raise around £2 billion to boost its financial strength after failing the Bank of England's annual health check of the sector.

The UK’s premier index briefly reached a 13-month high thanks to surging oil prices and a strong rally from blue-chip banking stocks.

Banco Santander has made an offer to take over Royal Bank of Scotland’s Williams & Glyn business, according to sources, as part of a long-standing plan to grow its market share in Britain.

THE reality of Britain’s decision to leave the EU is becoming more stark by the day, with the Lloyds Banking Group yesterday announcing that it is cutting 3,000 jobs and shutting 200 branches in the UK, as it braces itself for a cut in interest rates.

Lloyds Banking Group said it would step up its cost-cutting plans to help to offset a more testing economic environment caused by Britain’s vote to quit the EU.

Lloyds Banking Group is cutting 3,000 jobs and shutting 200 branches as the lender braces itself for a cut in interest rates following Britain's decision to quit the European Union.

Royal Bank of Scotland — which is owned by the UK — has told more than a million business customers that it may have to impose charges on deposits, which would make it the first British bank to introduce negative interest rates.

Royal Bank of Scotland (RBS) and Lloyds Banking Group are the two major UK lenders most exposed to the commercial real estate market, which poses a risk for banks after asset managers froze withdrawals from property funds, according to analysts.

Lloyds Banking Group, Britain’s largest mortgage lender, will eliminate about 640 jobs and close 23 branches as part of a cost-cutting programme that started in October 2014.

More than £50 billion (€61.5bn) has been wiped off the value of the UK’s biggest companies after Britain voted to leave the European Union.

The London market closed higher with traders cheered by strong US economic data, soothing a hangover caused by Thursday’s stark warning by the Bank of England governor about the cost of a Brexit vote.

Lloyds Banking Group has insisted it delivered a "robust" performance in the first three months of the year despite posting falling profits.

Here’s a briefing on some of the stories and issues highlighted on irishexaminer.com today

The UK’s top banks are set for one of their worst first-quarter earnings seasons since the financial crisis, adding to their struggle to win over investors against a backdrop of misconduct charges, a weak economic outlook and uncertainty over Brexit.

Lawsuits and misconduct fines have cost Britain’s largest retail banks and customer-owned lenders almost £53 billion (€65.6bn) over the past 15 years, a new study has found.

Royal Bank of Scotland — the parent of Ulster Bank — will sound out potential buyers for Williams & Glyn after receiving a number of approaches while continuing preparations for an initial public offering of the consumer bank.

The chairman of Lloyds Banking Group has said that there was no “compelling economic argument” for Britain to stay in the European Union without a significant change in its relationship with the bloc.

The UK Treasury yesterday announced its intention to sell at least £2bn worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full private ownership.

Shares in British taxpayer-backed Lloyds Banking Group will be made available to retail investors today, British Chancellor George Osborne has announced.

Britain’s chancellor George Osborne said yesterday he hoped the sale of the UK government’s shares in Lloyds Banking Group will be completed within a year.

The British government has fired the starting gun on a plan to sell its stake in Europe’s largest city-centre redevelopment project around London’s King’s Cross station, in its latest disposal aimed at boosting state coffers.

A “greedy” City trader has become the first man to be jailed for rigging Libor rates in a scandal that shook financial markets.

Shareholders in Britain’s Lloyds Banking Group are calling on the government to rethink plans to sell down its stake in the lender to ensure taxpayers get the best deal.

Lloyds Banking Group set aside a further £1.4bn (€1.99bn) to compensate customers mis-sold loan insurance, pushing its first-half profit below analysts’ forecasts.

Lloyds Banking Group has added £1.4bn to its bill for compensating customers mis-sold payment protection insurance (PPI).