Lloyds Banking Group

LYG

Market cap $75B

Shares in the big three domestic lenders, Lloyds Banking Group PLC (LSE:LLOY), NatWest Group PLC (LSE:NWG) and Barclays PLC (LSE:BARC), helped lift the FTSE 100 on Tuesday after reports that the sector would escape extra taxes in tomorrow's Budget.  Chancellor Rachel Reeves is preparing to spare banks from the tax raid that had been expected, the Financial Times reported.

Lloyds Banking Group PLC (LSE:LLOY) has been thrown a potential legal curveball by an investor in Curve, the digital wallet developer it has agreed to acquire.  Following the announcement on Wednesday morning by the FTSE 100 lender, which is buying Curve for an undisclosed fee, the largest external investor in the London startup said it will not support the sale, which it said could lead to the deal being blocked.

Lloyds Banking Group PLC (LSE:LLOY) is looking to step up its mobile banking game with the acquisition of Curve, a London-based fintech that provides an all-in-one digital wallet. Curve's platform allows users to integrate various bank, loyalty cards and alternative payment methods into one secure app, while also offering features such as money-saving tools and loyalty rewards.

Lloyds Banking Group plc ( LYG ) JPMorgan UK Leaders Conference November 18, 2025 3:45 AM EST Company Participants William Leon Chalmers - Group CFO & Executive Director Conference Call Participants Sheel Shah - JPMorgan Chase & Co, Research Division Presentation Sheel Shah JPMorgan Chase & Co, Research Division Great. We can get started.

Lloyds share price is closing in on hitting the 100p mark as the multi-year rally gains steam. The stock jumped to a multi-decade high of 95.4p, continuing a trajectory that started in 2020 when it bottomed at 18.56.

Lloyds Banking Group plc ( LYG ) Discusses Digital and AI Strategy, Infrastructure Enhancements, and Future Opportunities November 6, 2025 8:00 AM EST Company Participants Charles Nunn - Group Chief Executive & Executive Director Ron van Kemenade Douglas Radcliffe - Group Investor Relations Director Conference Call Participants Guy Stebbings - BNP Paribas, Research Division James Frederick Invine - Rothschild & Co Redburn, Research Division Alvaro de Tejada - Morgan Stanley, Research Division Christopher Cant - Bernstein Autonomous LLP Aman Rakkar - Barclays Bank PLC, Research Division Benjamin Caven-Roberts - Goldman Sachs Group, Inc., Research Division Andrew Coombs - Citigroup Inc., Research Division Presentation Charles Nunn Group Chief Executive & Executive Director Good afternoon, everyone, and thank you for joining us today. Having previously covered our growth priorities across our business units, I'm delighted to welcome you to the final investor seminar in this strategic phase, focusing on digital and AI, a very topical subject.

Lloyds Banking Group plans to add an artificial intelligence (AI) powered financial assistant to its mobile app in early 2026. The assistant will initially help customers manage their spending, savings and investments, and it will later be expanded to work across all financial products, the bank said in a Thursday (Nov. 6) press release.

Banks look set to avoid a tax hike in the upcoming Budget, according to reports, though analysts say the reprieve may come with strings attached. Rachel Reeves accepts that UK banks are already heavily taxed compared with overseas rivals, the Financial Times report said, and raising taxes on banks is "a long way down" her list of potential means of raising funds for the Treasury.

Lloyds and Santander were the worst affected by bank account switching in the past quarter, with Barclays also one of the major net losers. Santander UK (LSE:BNC) saw a net 23,000 account switches between July and September 2025, the largest for an individual lending brand, as over 33,000 accounts were closed and over 10,000 added.

Deutsche Bank has nudged its target price up for Lloyds Banking Group PLC (LSE:LLOY) to 90p to 100p and kept its “buy” tag intact after a solid third-quarter showing. The figures are not flashy, but they tell a reassuring story.