Apr 16, 2015 · In the 1990s, Lloyd’s of London teetered on the edge of collapse. Insider Andrew Duguid tells the story in his book, On The Brink. It is a story of mismanaged liabilities, large losses, strong leadership and a creative recovery plan. He talks about the events that led to the crisis, the subsequent recovery and the lessons that were learned.

May 18, 2017 · Lloyds is under the spotlight for its handling of fraud claims at an HBOS branch in Reading during the financial crisis, which caused business customers to go bankrupt. Lloyds is set to start...

From September 2007 to December 2009, the UK Government made further interventions to support the banking sector, and specifically to RBS (now NatWest), Lloyds Banking Group (LBG), Bradford & Bingley as well as Northern Rock.

May 17, 2017 · Lloyds becomes the first bank to stop selling payment protection insurance (PPI). Mis-selling becomes huge scandal, with Lloyds footing the biggest compensation bill (£17bn by 2017). Job cuts since the start of 2009 reach 17,000.

May 17, 2017 · The UK government has sold its remaining stake in Lloyds Banking Group, drawing to a close one of the largest bailouts of the financial crisis and marking a historic moment for the banking...

Dec 6, 2024 · The Onset of the Global Financial Crisis. As the world approached the global financial crisis, (GFC) of 2008, Lloyds Banking Group found itself at a critical juncture.

Jul 31, 2019 · The U.K. Government hastily brokered a deal with Lloyds to rescue the teetering lender, which was announced on September 18, 2008, only three days after the failure of Lehman Brothers.

Apr 21, 2017 · The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid, UK chancellor Philip Hammond has said.

May 17, 2017 · In September 2008, Lloyds TSB paid £12bn to buy HBOS as its share price plunged following the collapse of the Lehman Brothers, which is thought to have played a major role in the unfolding of the...

We're partnering with Crisis, the UK national charity for people experiencing homelessness. Across the UK, 227,000 households are facing the worst forms of homelessness. A further 1.8 million households on low incomes are living in poor …