Lloyds

LifeSearch has announced a deal with Scottish Widows that will see a dedicated team of specialist advisers offering business loan protection advice to SME customers through Lloyds Bank's Commercial Banking division.

Over two thirds of insurers, brokers, and service providers in the Lloyd's of London insurance market have warned that leaving the European Union would ‘severely damage' business.

Lloyd's of London has reported a drop in pre-tax profit to £2.1bn for 2015, from £3bn the previous year.

State-owned Lloyds Banking Group has been hit with a £117m fine by the Financial Conduct Authority (FCA), the "largest retail fine" it has ever issued.

Lloyds Banking Group has signed an agreement to sell its German life insurance business Heidelberger Leben for a cash consideration of around €300 million, as it looks to meet regulatory capital demands.

The Financial Conduct Authority (FCA) has appointed three chairmen, including the chief executive of Nationwide, to lead the independent panels set up to represent its constituents' interests and provide independent views to the regulator.

The money banks have set aside for payment protection insurance (PPI) mis-selling compensation will run out by the end of the year, according to analysis from Which?

The widening critical illness protection gap will only get worse but there will be no easy answer, reinsurer RGA has said.