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Lloyds Banking Group PLC (LSE:LLOY) has further stoked the current battle for mortgage lending business by raising the maximum sums it will lend first-time buyers. Owner of the Halifax and the UK's biggest mortgage provider, Lloyds will now lend up to 5.5 times annual household income to new buyers compared to 4.49 times previously.

Banks sat among the FTSE 100's biggest fallers on Wednesday as speculation built that they could foot a rise in taxes hinted at by the prime minister on Tuesday. Natwest Group PLC dropped 3.4% throughout the day, while Barclays PLC (LSE:BARC) and Lloyds Banking Group PLC (LSE:LLOY) fell by 2.6% and 1.5% respectively.

Lloyds Banking Group PLC (LSE:LLOY), Barclays PLC (LSE:BARC) and Barclays PLC (LSE:BARC) all offer lower customer service than challenger banks such as Monzo, Starling and Chase, new research revealed on Thursday. As part of the CMA's compulsory dive into the service quality of the UK's top lenders, a poll revealed Monzo ranked first for both personal and business current accounts.

Cuts to mortgage rates by Lloyds Banking Group PLC (LSE:LLOY)'s Halifax and Nationwide Group PLC hit the market on Wednesday, alongside a positive set of inflation data. Announced on Tuesday, cuts by the lenders include interest rate reductions of up to  0.37% on three-year remortgage products at Halifax and 0.20% on Nationwide's fixed deals.

Lloyds Banking Group PLC's (LSE:LLOY) residential landlord arm, Citra Living, has topped up its pipeline with the purchase of 159 family homes in Northampton and near Blackpool.  The purchase was agreed with privately owned housebuilder Morris Homes across two of their key developments, St Michael's Park in Northampton and Prince's Meadows in Kirkham.

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 Center of Excellence and driving adoption of AI-powered products and services for the lender, per a Monday (Aug. 5) news release.

Lloyds Banking Group PLC (LSE:LLOY) has made an appointment in the newly created role of director of artificial intelligence (AI), poaching a head of data and AI strategy from Amazon Web Services (AWS).  The FTSE 100 lender said the role was designed to integrate AI and analytics into key parts of the business, which it said "will improve the overall customer experience".

Lloyds Banking Group PLC (LSE:LLOY) faced a downgrade by Citigroup on Monday, which pointed to an ongoing overhang from the UK's motor finance review. An “overweight” rating was reiterated for the UK banking sector as a whole in a note from Citi, but Lloyds was nudged down from a “buy” to a “neutral”.

Lloyds Banking Group PLC (LSE:LLOY) might be a short-term gainer from the FCA's comments yesterday that a financial redress scheme for any motor finance mis-selling will be delayed until 2025, says broker KBW. For the bank, KBW estimates a worst-case liability of £2bn or 6% of this year's projected book value.

Shares in Lloyds Banking Group PLC (LSE:LLOY) fell over 2% after an update from the UK City watchdog on its motor finance review, but analysts said Close Brothers Group PLC (LSE:CBG) was more exposed.  The Financial Conduct Authority delayed the publishing of its 'next steps' from September to March next year and said a consumer redress scheme is "more likely than when we started the review".