Lloyds

Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
September 03, 2024  |  artificial intelligence

Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of...

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Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
Lloyds Taps AWS Vet Rohit Dhawan to Lead AI Efforts
August 05, 2024  |  Personnel

British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI...

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UK Banking Giants Accused of Breaching CMA Rules
UK Banking Giants Accused of Breaching CMA Rules
July 25, 2024  |  Bank Regulation

Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response...

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Lloyds Forms Direct Lending Partnership With Oaktree Capital
Lloyds Forms Direct Lending Partnership With Oaktree Capital
July 18, 2024  |  Partnerships

Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt...

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Lloyds Reportedly Puts Brakes on Staff Travel
Lloyds Reportedly Puts Brakes on Staff Travel
July 15, 2024  |  Banking

Lloyds is reportedly telling staff to reduce their use of taxis and business class flights. It’s part of the British banking giant’s attempt to cut...

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Iran Reportedly Used UK Banking Giants to Avoid Sanctions
Iran Reportedly Used UK Banking Giants to Avoid Sanctions
February 04, 2024  |  Bank Regulation

Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the...

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Lloyds Slashes Jobs as Banking Customers Shift to Digital
Lloyds Slashes Jobs as Banking Customers Shift to Digital
January 25, 2024  |  Banking

Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team...

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Lloyds Considers Job Cuts as Banks Shift to Digital
Lloyds Considers Job Cuts as Banks Shift to Digital
November 26, 2023  |  Banking

Lloyds’ digital refocusing has reportedly placed more than 2,500 jobs at risk. The British banking giant is planning to review thousands of middle management roles, the...

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Lloyds Offers New Merchant Tools Via Expanded FreedomPay Partnership
Lloyds Offers New Merchant Tools Via Expanded FreedomPay Partnership
October 11, 2023  |  Partnerships

Lloyds Bank said it has expanded its partnership with consumer-centric commerce platform FreedomPay. The British banking giant announced Wednesday (Oct. 11) that merchants using its Bank Cardnet...

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