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Lloyds Banking Group PLC (LSE:LLOY) announced that Lord James Lupton will step down from his position as non-executive director, after seven years on the board. Lord Lupton is also, at the same time, leaving his position as chair of Lloyds Bank Corporate Markets Plc (LBCM).

Is the market missing something or are banks just a terrible investment? Russ Mould, AJ Bell's head of investment has crunched the numbers ahead of the start of the bank annual reporting season that kicks off this Friday with NatWest.

An AIM-listed explorer brushed shoulders with domestic favourites Lloyds and Rolls and global behemoths Tesla and Nvidia among the most popular shares among UK investors last month.   Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) was the top pick among DIY investors on the Interactive Investors platform in January, and in the top half of the table on the AJ Bell platform, two of the three largest investment supermarkets in the country.

Lloyds Banking Group PLC (LSE:LLOY) and HSBC Holdings PLC (LSE:HSBA) are expected to lead the sector with strong buybacks and signals for more special shareholder distributions when banks report in the coming weeks.  Reporting for the sector season starts with NatWest Group PLC (LSE:NWG) next Friday, 16 February, then continues the week after with Barclays PLC on Tuesday, HSBC on Wednesday, Lloyds on Thursday and Standard Chartered PLC (LSE:STAN) is the last of the blue-chip lenders on Friday 23.

Lloyds has reached an "agreement in principle" with a property entrepreneur over a 1.3 billion pound ($1.64 billion) lawsuit that turned on the alleged manipulation of benchmark Libor interest rates and the failure of two real estate firms.

Lloyds Banking Group PLC (LSE:LLOY) and Santander wre used by Iran to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran's intelligence services, according to a report Monday. Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial Times.

Lloyds Bank (LON: LLOY) share price continued its sell-off on Monday as it became the worst-performing FTSE 100 company. The shares plunged to a low of 41.07p on Monday, its lowest point since November as concerns about its business escalated.

Romance scams surged 22% in 2023 compared to the previous year, with an average loss of £6,937 per victim, according to the latest figures from Lloyds Banking Group PLC (LSE:LLOY). Romance scams are characterised by fraudsters exploiting individuals seeking romantic connections via fake profiles on social media and dating apps.

Lloyds Banking Group PLC (LSE:LLOY) is at the cusp of a potential uplift, according to a recent analysis by UBS. European banks “look cheap” against historic levels and UK banks “look cheap” compared to European banks, UBS analyst Jason Napier said in a note.

British businesses started 2024 with their confidence at the highest level in nearly two years boosted by cooling inflation and hopes for interest rates cuts, according to a survey published on Wednesday. The Lloyds Bank Business Barometer jumped by nine points to 44% this month, its strongest since February 2022.