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THE TRUTH ABOUT: 16 | History Defined

Lloyds to cut 1,600 jobs across branches in shift to online banking

Overhaul likely to raise concerns for UK bank’s 2m customers who rely on branches to manage accounts

The Guardian - UK

Former bank manager stands to scoop $637K settlement after being fired for using the N-word in anti-racism class

Ex-Lloyds banker Carl Borg-Neal says being a white middle-aged man is ‘the worst thing you can be’.

Fortune

UK mortgages: trial to rule on deals that left people with huge debts

Decades after shared appreciation mortgage launch, case brought by law firm due to reach high court

The Guardian - UK

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UK Business Confidence Dips in December, Economic Concerns Linger

UK business confidence takes a tumble in December as economic worries overshadow hopes for growth, according to Lloyds Bank. Read more here!

Top News

Why won’t MBNA send me paper statements?

It is pressing me to receive statements digitally, because of some unspecified ‘issues’

The Guardian - UK

Barclay family regains control of Telegraph after Abu Dhabi helps pay debt

Planned takeover still requires government approval despite Lloyds receiving funds owed

The Guardian - UK

Full list of 45 Lloyds, Halifax and Bank of Scotland branches due to close

The sites are set to shut next year, starting in March and April.

The Independent UK

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Lloyds, Halifax and Bank of Scotland to shut another 45 branches

The Lloyds Banking Group-owned brands will close the branches next year, starting in March and April.

The Independent UK

MPs add to pressure on ministers to vet Barclay family’s Telegraph offer

Call for national security law to be used to investigate proposed deal involving consortium backed by UAE

The Guardian - UK

A tense few days for The Telegraph, but RedBirdIMI looks the way to bet

A crunch few days for the Telegraph Group, which could have new, controversial, owners by Monday.

Evening Standard

Lloyds of London archives show how important the City was to transatlantic slavery

In 1783, the City of London was gripped by a court case which symbolised the brutal economics of slavery. Two years previously, the Liverpool slave ship Zong had set out from Accra, in present-day Ghana, with 442 men, women and children crammed in its hold.

The Conversation

Lloyds chief urges UK policymakers to keep their hands off banks’ profits

CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election

The Guardian - UK

Why is the Telegraph up for sale and who wants to buy it?

Potential buyers include a consortium that has vowed to pay off the current owners’ debts, the Daily Mail owner and a GB News investor

The Guardian - UK

Tory concern grows over potential sale of Telegraph titles to Abu Dhabi

Former Telegraph editor Charles Moore among those to condemn bid for the Conservative party’s paper of choice

The Guardian - UK

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The Guardian - UK

Whitehall infighting could hamper scrutiny of Telegraph sale

Foreign Office could stifle possible inquiry into bid from Abu Dhabi-backed fund RedBird IMI in absence of cabinet secretary

The Guardian - UK

More than 2,500 jobs at risk in Lloyds shake-up

Exclusive: UK’s largest high-street bank preparing review of middle-management roles in response to expected income squeeze

The Guardian - UK

Government scrutiny of the Telegraph sale is a good thing – even if it’s for the wrong reasons

Intervention over a UAE-backed bid is welcome, but it’s unlikely to signal a new era of media-ownership transparency, writes Jane Martinson

International Business Times UK

UK Government Announces Plans for Further NatWest Stake Sale, Invites Public to Invest

Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.

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The Guardian - UK

Government may sell UK’s remaining stake in NatWest to public, says Jeremy Hunt

British government still owns 38.6% of the high street bank it bailed out in the 2008 financial crisis

Evening Standard

Public interest investigation into sale of Telegraph now likely

Lloyds Bank hopes of quick sale dashed

Evening Standard

OPINION - The Barclays are back with a bang and the Telegraph sale has been turned completely on its head

A motorbike weaves through the London traffic. It’s heading across town, from Belgravia to the City. Riding pillion is Aidan Barclay. The bike races up to the doors of the Lloyds Bank headquarters. Barclay dismounts, rushes in and thrusts a piece of paper into the startled receptionist’s hand. It’s a…

The Guardian - UK

Sale of Telegraph paused as consortium pledges to repay Barclay debts

Abu Dhabi-backed RedBird IMI’s announcement casts doubt over auction process

The National (Scotland)

Telegraph and Spectator expected to be bought over by Abu Dhabi-backed fund

Abu Dhabi-backed investment fund RedBird IMI has paved the way to take control of the Telegraph and Spectator publications after agreeing loans to…

The Guardian - UK

Abu Dhabi-backed fund says it will take control of Telegraph and Spectator

RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family

Evening Standard

Abu Dhabi-backed fund strikes deal in move to secure Telegraph newspaper

It comes after the Telegraph and Spectator were put into receivership over unpaid debts to lenders by its previous owners.

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