Lloyds Banking Group

George Osborne has started the sale process of the taxpayer stake in Royal Bank of Scotland (RBS) and Lloyds, within hours of both banks getting approval from regulators over their capital strength.

Lloyds Banking Group has launched a set of money management tips for people with dementia and their carers.

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms £4.3m for system failings, that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.

Lloyds Banking Group has earmarked a further £1bn to pay customers who were mis-sold payment protection insurance.

Scottish Widows is considering moving into the group risk market.

Lloyds Bank has announced that its payment protection insurance misselling has cost it a further £375m.

Scottish Widows has revealed it is examining the possibility of re-entering the IFA protection market.

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The ten worst offending payment protection insurance (PPI) mis-selling firms could face costs of over £55m to enable regulators to deal with the problem.

Last year the government launched its consultation on simple financial products and a summary of responses has now been published.