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Lloyds resolves online banking woes

Image copyright Getty Images The UK’s largest current account provider, Lloyds Banking Group, has said problems with its online banking service have now been resolved. Some Lloyds customers had faced “intermittent issues” on Monday when trying to log on to the online system. But Lloyds says the issues have now been remedied. “We apologise for the disruption some customers experienced today,” the bank said in a statement. It has 10 million account holders, 60% of whom use digital services. The problems did not affect app services, which were working normally.…

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Lloyds, Halifax and Bank of Scotland customers face payments glitch

Image copyright Getty Images Hundreds of thousands of Lloyds, Halifax and Bank of Scotland customers are currently unable to make payments from their online accounts. Millions have current accounts with the three brands – which are all owned by Lloyds Banking Group – which provides the most current accounts in the UK. Some have been facing the frustration of not being able to pay and transfer money online. Others have the worry that money being sent to them may not have come through. A spokesperson for Lloyds Banking Group said:…

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Lloyds Bank ‘to cut 6,000 jobs but create 8,000 new ones’

Image copyright Getty Images Lloyds Banking Group is expected to confirm it is cutting 6,000 jobs and creating 8,000 new ones as it overhauls its digital services. Britain’s biggest High Street lender has been trying to reorganise as more people bank online, rather than going into branches. The 6,000 job cuts are expected to be spread across the bank and unions have been briefed. Lloyds Banking Group has so far declined to confirm the reports. According to Sky News, the cuts are expected to fall in divisions like corporate and…

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Lloyds replacing some debit cards after cyber-attacks

Image copyright Getty Images Lloyds Banking Group has confirmed it is reissuing debit cards to customers affected by cyber-attacks on Ticketmaster and British Airways. The bank has reissued debit cards to all customers that have made purchases on Ticketmaster’s website. It is also working with BA to establish which customers have had their details compromised during two cyber-attacks. Lloyds said it had a “range of approaches” designed to protect customers from fraud. A Lloyds Banking Group representative told the BBC: “In all cases, we take all possible steps to minimise…

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Sports 

Lloyd’s hat trick fuels U.S. women’s national soccer team’s rout of Panama

Carli Lloyd scored three goals for the U.S. women’s national team in a 5-0 rout of Panama in a CONCACAF World Cup qualifier on Sunday in Cary, N.C., all but ensuring her team’s advancement to the semifinals. Oct 7, 2018; Cary, NC, USA; United States forward Carli Lloyd (10) celebrates a goal against Panama during the first half of a 2018 CONCACAF Women’s Championship soccer match at Sahlen’s Stadium. Rob Kinnan-USA TODAY Sports The U.S. has won the first two of three matches in group play by a combined score…

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Technology 

Crytocurrency storage firm Kingdom Trust obtains insurance through Lloyd’s

(Reuters) – Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London SOLYD.UL to protect against theft and destruction of those assets, the company said on Tuesday. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration/File Photo The move by Kingdom Trust, which has $12 billion in assets, is the latest example of a once-reticent insurance industry stepping up to offer protection to companies…

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Lloyds Bank sets aside £460m more for PPI claims

Image copyright PA Lloyds Banking Group has said it has put aside another £460m in costs for payment protection insurance (PPI) mis-selling claims. That comes on top of the £18.8bn it has already allocated to settle the claims. The bank said it expected 13,000 PPI complaints a week until August 2019. The provision came as Lloyds said its profits for the first six months of the year rose by nearly a quarter. It made pre-tax profits of £3.1bn, 23% higher than the same time last year. Chief executive António Horta-Osório…

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Technology 

U.S. sanctions seen barring IT platform of insurer Lloyd’s for Iran trade

LONDON (Reuters) – New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. FILE PHOTO: The Lloyd’s of London building is lit by winter sun in the City of London financial district in London, Britain, February 1, 2018. REUTERS/Simon Dawson/File Photo European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States reimposes sanctions on insurance and reinsurance from Nov. 4 after Washington…

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