Tag: Lloyds TSB

Lloyds TSB writes to customers over Co-op move

Lloyds TSB writes to customers over Co-op move

Lloyds TSB is writing to the 3.5 million customers affected by its sale of 632 branches to the Co-operative Bank. Customers will start receiving letters tomorrow, officially informing them that their accounts will be moved to a new TSB Bank which will be run by the Co-op. Lloyds Banking Group sold the branches under European […]

November 27, 2012 More
First time buyers turning to affordable housing schemes

First time buyers turning to affordable housing schemes

New research from Lloyds TSB suggests that more first time buyers are using shared equity and shared ownership schemes to help them take their first step on the property ladder. The bank found that 46 per cent of first time buyers are now using affordable housing schemes, with 26 per cent of them saying that […]

November 12, 2012 More
Standard Chartered in money-laundering scandal

Standard Chartered in money-laundering scandal

Standard Chartered has become the latest UK bank to be accused of illegal activity. It has been accused by the New York department of financial services of hiding $250 billion worth of illegal transactions with Iranian banks between 2001 and 2010. The US regulator claims that the bank, which has wholesale banking, corporate finance and […]

August 7, 2012 More
NatWest hit by IT problems again

NatWest hit by IT problems again

A further IT problem is affecting customers of NatWest bank, just weeks after an IT failure in June left NatWest and Ulster Bank customers without access to their funds. As before, NatWest customers are finding that they cannot access their accounts and their cards are being rejected in stores and restaurants. On its Twitter feed, […]

July 26, 2012 More
NBNK submits new offer for Lloyds branches

NBNK submits new offer for Lloyds branches

NBNK Investments Plc, which was formed in 2010 to create a new British bank, has submitted a new offer to buy 632 Lloyds TSB branches from the Lloyds Banking Group. Lloyds is required to sell the branches under European Commission competition regulations. In December it named the Co-op Bank as preferred bidder for the so-called […]

April 12, 2012 More
Credit card insurance covers faulty breast implants

Credit card insurance covers faulty breast implants

Lloyds TSB has refunded the £3,700 cost of a woman’s breast implants after they ruptured. The woman, who is in her 40s and lives in the Midlands, had the implants in 2008 at a private firm which later went into administration. . She consulted a breast cancer clinic in September 2011 after she found a […]

March 14, 2012 More
M&S Money launches 3% cash ISA

M&S Money launches 3% cash ISA

M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet […]

February 10, 2012 More
Lloyds backs down on ATM restrictions

Lloyds backs down on ATM restrictions

Following pressure from the Treasury Select Committee, people who hold basic bank accounts at Lloyds TSB will have access to thousands more cash machines from next year. Basic bank account holders are people who are not eligible to open a standard bank account because they have a poor credit score. In 2006 Lloyds TSB decided […]

December 2, 2011 More
Lloyds investor group lodges claim for compensation

Lloyds investor group lodges claim for compensation

Shareholder group, Lloyds Action Now, is claiming former business secretary, Lord Peter Mandelson, withheld evidence in the build up to the merger of HBOS and Lloyds TSB. The group, which was established in 2009, claim their savings were wiped out following the controversial merger, which took place at the height of the financial crisis. The […]

March 28, 2011 More
Olympic Park development boosts house prices

Olympic Park development boosts house prices

Some neighbourhoods close to the Olympic Park development have seen sharp rises in house prices since 2005, when the Capital was awarded the Games. According to research from Lloyds TSB, Homerton and Shoreditch have recorded average property price rises of 69% and 53% respectively, well above the Greater London average of 36%. However, only four […]

July 28, 2010 More
Lloyds TSB lends a hand to first-time sellers

Lloyds TSB lends a hand to first-time sellers

Lloyds TSB has extended a mortgage deal previously only available to first-time buyers, to home movers. Sellers opting for the bank’s Lend a Hand loans can take out a mortgage with a deposit of just 5%, at a rate normally associated with a larger down-payment. However, their funds have to be backed up with the […]

July 8, 2010 More
Moneynet issues warning on Lloyds TSB overdraft fees

Moneynet issues warning on Lloyds TSB overdraft fees

Lloyds TSB customers who frequently access their overdraft should seriously consider moving their current account to another bank, Moneynet.co.uk has claimed. The financial advice site made the remarks after Lloyds TSB announced a new monthly fee of £5 for customers who use their planned or unplanned overdraft. This fee is in addition to the monthly […]

June 28, 2010 More
Lloyds TSB reduces overdraft charges

Lloyds TSB reduces overdraft charges

From 2 December, Lloyds TSB will reduce the overdraft fees on its current accounts. The move comes just a month after the new coalition Government said it would introduce measures that will see an end to “unfair” bank charges, as well as excessive interest rates on credit cards. The banking industry was successful in a […]

June 24, 2010 More
Rescued lenders fail to impress mortgage borrowers

Rescued lenders fail to impress mortgage borrowers

Mortgage customers with two of the UK’s rescued banks are less than happy with the service they receive, according to new research from Which? Money. The 41% state-owned Lloyds Banking Group has the furthest to go: only 41% of Bank of Scotland borrowers surveyed expressed satisfaction, while the group’s Halifax unit impressed 44% of home […]

April 28, 2010 More
Scottish house prices continue recovery

Scottish house prices continue recovery

In its latest Scottish House Price Monitor, Lloyds TSB tracks the continued recovery of the region’s housing market. Most areas of Scotland were showing price increases over the three months to the end of January 2010, with the average cost of a home up 5.9% on the previous quarter, to £160,074. Dundee and Edinburgh led […]

February 16, 2010 More
Lloyds TSB: Prepare for economic recovery

Lloyds TSB: Prepare for economic recovery

Businesses must get ready to make the most of an upturn in the economy, Lloyds TSB has advised. The bank said businesses that are prepared for economic recovery will thrive when the upturn begins. Although there is no certainty when recovery will begin, firms that do not plan could fall into the trap of overtrading, […]

October 20, 2009 More
Lloyds TSB reviews final salary pension scheme

Lloyds TSB reviews final salary pension scheme

Lloyds TSB’s final salary pension scheme could be shut down as the bank looks to cut costs following the acquisition of HBOS. The bank plans to review all its benefits schemes in light of the acquisition, with the pension scheme as a likely cost-cutting target, a statement from the bank said. “When Lloyds Banking Group […]

Lloyds TSB pays 5% on monthly saver

Lloyds TSB pays 5% on monthly saver

Lloyds TSB has increased the interest rate on its monthly saver account to 5%. The rate is fixed for 12 months and is available to account holders who deposit between £25 and £250 per month. Penalty-free withdrawals can be made from the account at any time. Colin Walsh, Lloyds TSB managing director of savings and […]