Lloyds Banking Group has terminated its cheque deposit service at Post Office counters, a decision that carries significant implications for retail banking accessibility across the United Kingdom. The banking group,
Lloyds Banking Group set to shut 95 branches in coming months – see full list
Lloyds Banking Group has confirmed a further wave of branch closures across the UK, with 95 locations set to shut between May 2026 and March 2027.
Executive Pay Surges at UK Banks Despite Mass Branch Closures
Chief executives at three of Britain’s largest banking institutions have received substantial compensation packages totalling £29 million whilst their organisations continue to accelerate the closure of physical branch networks.
Lloyds Banking Group set to shut 95 branches in coming months – see full list
Lloyds Banking Group has confirmed a further wave of branch closures across the UK, with 95 locations set to shut between May 2026 and March 2027.
Major banks hit by online issues for a second month on payday
Some UK banks have experienced online banking issues on payday for the second consecutive month.
Lloyds Bank’s profits decline due to falling interest rates.
Lloyds Banking Group reported a slight decline in its recent earnings, although it noted improved consumer financial confidence.
Mortgage rates reduced ahead of Bank of England announcement
High street lenders, including Halifax, NatWest, and Santander, have reduced their mortgage rates in anticipation of a potential Bank Rate cut.
UK mortgage approvals reach 18-month peak
According to recent figures from the Bank of England, mortgage approvals for home buyers in March reached their highest level since September 2022.
Lloyds reported pre-tax profit of £1.6 billion, profits fell by a third
Lloyds Bank’s profits declined by one-third as a result of reduced interest rates and increased competition in the mortgage market.
The UK House Listing Prices Surge by £5,000 in One Month
So far this month, asking prices have surged by over £5,000, fueled by a more stable mortgage market boosting confidence in property values.
UK average price tag on a home jumped by around £4,500 in January
In January, the average home’s price tag rose by approximately £4,500 compared to the previous month, as reported by a property website.
Estate agents assert that the housing market is ‘moving towards a positive path’.
Halifax initially forecasted an 8% decrease in house prices for 2023, yet homeowners ultimately experienced a 1.7% increase in their property values.