Lloyds

Around 8,000 investors have put their name to a lawsuit claiming Lloyds misled shareholders ahead of the bank's acquisition of HBOS six years ago.

The knowledge gap

Lloyds Bank's Charlie Diebel has joined Aviva Investors as head of rates strategy.

Lloyds is expected to cut a tenth of its entire workforce, amounting to around 9,000 jobs, in a digital push over the next three years.

Lloyds Banking Group has hired the former head of discretionary from Barclays' Wealth as part of a rejig of senior personnel within its wealth division.

Eight staff members have been dismissed by Lloyds following an investigation into the LIBOR rate fixing scandal that saw the bank fined £218m.

UK investors back challenger banks

UK markets opened lower Friday after a tough session in the US where stocks suffered sharp losses on the expectation of an imminent rate hike by the Federal Reserve.

Lloyds Banking Group is to sell another 11.5% stake in its TSB business, leaving it with a 50% holding in what promises to become a challenger to the UK's existing retail banking industry.

An index of 14 Scottish companies labelled the 'Scotsie' has performed broadly in line with the FTSE 100 and FTSE 350 indices so far this year, despite increasing signs there could be a 'yes' vote on independence later this week.