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Lloyds Bank

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Google Cloud outage disrupts UK banking and retail services
technology2 hours ago

Google Cloud outage disrupts UK banking and retail services

A Google Cloud outage in the Europe-west2 region disrupted services for major UK banks, including Lloyds and Revolut, as well as various retail and education platforms on October 20, 2026. Google confirmed that services are recovering, with most workloads restored, though a small number of customers still experience issues. Lloyds Banking Group expects full normalcy soon, while other affected entities, such as the budgeting app Emma and e-bike hire service Forest, have confirmed their systems are back online. The incident has caused significant frustration among users, particularly those unable to access funds or complete transactions.

Lloyds' Digital Shift Threatens 2,500 Jobs
business2 years ago

Lloyds' Digital Shift Threatens 2,500 Jobs

Lloyds Bank, Britain's largest high street bank, is reportedly planning a shake-up that could put around 2,500 jobs at risk as part of cost-cutting measures. The bank is expected to begin consultations with staff in various roles, including analysts and product managers, with the possibility of a selection process to determine the final number of job cuts. Lloyds' move follows a similar plan by rival Barclays to save up to £1 billion ($1.25 billion) and potentially cut 2,000 jobs. The banking sector is facing challenges from increased competition and concerns about potential loan defaults amid a cost-of-living crisis.

Uncertainty looms over future of Telegraph Media Group as potential sale and administration loom.
business3 years ago

Uncertainty looms over future of Telegraph Media Group as potential sale and administration loom.

The Telegraph Media Group, which owns the Daily and Sunday Telegraph newspapers and The Spectator magazine, is set to be put up for sale due to debts owed by its parent group. Lender Lloyds Bank is unlikely to recover the original value of the loan, worth hundreds of millions of pounds. The bank has placed B.UK, a Bermuda-based holding company controlled by the Barclay family, into receivership. The investment bank Lazard has been appointed to start exploring options for the sale.