Company Directory - Lloyds Bank
Company Details - Lloyds Bank
Lloyds Bank
WebsiteLondon, United Kingdom
Lloyds Bank, part of Lloyds Banking Group, offers a wide range of financial services including personal banking, commercial banking, and insurance solutions. The bank is recognized for its strong presence in the UK market and aims to provide high-quality customer service and support. It has also been involved in notable financial investigations and has faced scrutiny for its handling of past scandals.
CCI Score
CCI Score: Lloyds Bank
-14.98
0.03%
Latest Event
Lloyds Bank's Role in Deflecting Fraud Investigations
The article highlights longstanding fraud issues at HBOS, now under Lloyds Bank, and criticizes the bank for funding the City of London Police to investigate these frauds instead of ensuring independent accountability, suggesting a problematic intertwining of corporate interests and state enforcement.
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ENABLER
Lloyds Bank is currently rated as an Enabler.
Latest Events
- MAY232025
The article highlights longstanding fraud issues at HBOS, now under Lloyds Bank, and criticizes the bank for funding the City of London Police to investigate these frauds instead of ensuring independent accountability, suggesting a problematic intertwining of corporate interests and state enforcement.
- MAR042025
Lloyds Banking Group has secured patent protection for its Global Correlation Engine (GCE), a cybersecurity technology designed to reduce false positive alerts in security operations. This innovation aims to help security teams focus on genuine threats by minimizing unwarranted alerts.
+15
Technology and Services Impact
May 23
The patent for the Global Correlation Engine (GCE) represents a positive development in technology innovation. By reducing false positive cybersecurity alerts, the technology enhances operational efficiency and resource allocation within security teams. This improvement in technology can be seen as supportive of a robust, transparent, and secure digital infrastructure, in line with progressive, anti-authoritarian business practices.
- MAR042025
Lloyds Banking Group has secured a cybersecurity patent for its new Global Correlation Engine (GCE), a technology designed to reduce false positive alerts in its security operations center. The GCE leverages intelligent algorithms and artificial intelligence to filter out non-threats, allowing the bank's security team to focus on genuine risks and better protect its customers.
+75
Technology and Services Impact
May 23
The development and patenting of the Global Correlation Engine represent a significant technological advancement in cybersecurity. By reducing false positive alerts, Lloyds Bank is enhancing the efficiency of its security operations, ensuring that resources are focused on genuine threats. This move supports a progressive, technology-driven approach to protecting customers and aligns with responsible innovation that minimizes risks of authoritarian misuse of surveillance technology.
- MAR042025
Lloyds Banking Group has patented its Global Correlation Engine (GCE), a cybersecurity technology designed to reduce false positive alerts and help security teams focus on genuine threats. The innovation leverages intelligent algorithms and artificial intelligence to cross-reference alerts from multiple security tools, aligning with a broader commitment to advanced cybersecurity measures.
+80
Technology and Services Impact
May 23
The development and patenting of the Global Correlation Engine is a significant technological advancement that improves cybersecurity defenses, reducing wasteful false positives and thereby enhancing protection for customers. This innovation demonstrates a proactive approach to safeguard critical information, aligning with technology services that protect against cyber threats and contribute to a secure digital environment.
- MAR012025
Lloyds Banking Group secured a patent for its new Global Correlation Engine (GCE), a cybersecurity innovation designed to enhance digital defenses and protect customers from potential cyberattacks. This development demonstrates the bank's commitment to harnessing advanced technology for improved security measures.
+30
Technology and Services Impact
May 23
By patenting the Global Correlation Engine, Lloyds Banking Group is investing in advanced cybersecurity technologies that bolster customer protection against cyberattacks. This innovation not only improves overall technological robustness but also supports a secure online environment against potential authoritarian misuse. The development is seen as a positive, forward-thinking approach under the Technology and Services Impact category.
Lloyds Banking Group secures patent for cybersecurity innovation
- JAN012025
Lloyds Bank announced plans to end union recognition for senior staff by replacing traditional union arrangements with new 'people forums'. This change, set to be implemented in January 2025, shifts the structure of employee representation towards management-controlled committees, reducing formal union influence over issues such as redundancies, remuneration, and company policies.
-70
Labor Relations and Human Rights Practices
May 23
By replacing established union recognition with employer-created 'people forums', Lloyds Bank is undermining collective bargaining and weakening worker rights. This move enhances managerial control over decision-making at the expense of formal union representation, negatively impacting labor relations and human rights practices.
Lloyds to end union recognition for senior staff, new forums introduced
- JAN012025
Lloyds Banking Group announced it will cease formally recognizing the trade union representation for some senior employees, replacing traditional union negotiations with management-appointed 'people forums' and consultation bodies. The changes, set to take effect in January, involve the creation of various unelected and elected forums, potentially undermining collective worker representation.
-60
Labor Relations and Human Rights Practices
May 23
The decision to replace formal union negotiations with management-controlled forums reduces workers' collective bargaining power and undermines established labor rights. By sidelining unions for senior staff, Lloyds risks weakening the protections normally afforded to employees, echoing authoritarian tendencies that prioritize management interests over worker representation.
Lloyds to replace senior staff’s union negotiations with ‘people forums’
- JAN012025
Lloyds Bank's public affairs page outlines its strict policy of not making political donations or campaigning for any political party, adhering to statutory guidelines. This stance avoids potential entanglements with partisan and authoritarian financial influences.
+50
Political Contributions and Lobbying Efforts
May 23
By clearly stating its policy to refrain from any political donations or campaigning on behalf of any political party, Lloyds Bank reduces the risk of indirectly supporting authoritarian or extremist agendas. This commitment promotes democratic neutrality and aligns with anti-fascist principles.
- JUL082024
Two former employees have initiated a lawsuit against Lloyds Bank after facing disciplinary action for posting pro-Palestine messages on an internal communications channel. The bank's measures, which included reporting the sanctions to the Financial Conduct Authority and maintaining the disciplinary record, have raised concerns regarding discrimination and suppression of political expression in the workplace.
-60
Labor Relations and Human Rights Practices
May 23
Lloyds Bank's disciplinary action against employees for expressing pro-Palestine views is indicative of an overreach that suppresses political expression and undermines workers' rights. The reported sanction, which could tarnish the employees' reputations and future job prospects, illustrates a problematic approach to handling internal dissent, thereby triggering concerns over labor relations and human rights practices.
UK: Former employees sue Lloyds after disciplinary action for pro-Palestine posts
- JUL082024
Two Muslim women have initiated legal action against Lloyds Banking Group following disciplinary measures imposed after they posted pro-Palestine messages on an internal channel. The sanction, which was also reported to the Financial Conduct Authority, has raised concerns over discriminatory practices and the suppression of employee political expression.
-70
Labor Relations and Human Rights Practices
May 23
The disciplinary actions taken against two Muslim employees for their pro-Palestine posts, culminating in a lawsuit alleging discrimination, indicate a failure in upholding fair labor practices and worker rights. Reporting the disciplinary measure to the FCA further exacerbates concerns about an environment that stifles political expression and marginalizes dissenting voices.
UK: Muslim women sue Lloyds after facing disciplinary action for pro-Palestine posts
- MAY162024
During the Lloyds Banking Group AGM in Glasgow on May 16, 2024, protesters, including pro-Palestinian and climate activists, disrupted the meeting to demand that the bank divest from fossil fuel companies and firms accused of complicity in Israeli genocide and oppressive practices. The activists alleged that the bank's investments were funding climate catastrophe and human rights abuses.
-50
Business Practices and Ethical Responsibility
May 23
The protest highlights ethical concerns regarding Lloyds Bank's investment practices. Activists accused the bank of financing fossil fuel companies and other firms implicated in human rights abuses, including allegations of funding genocide in Gaza and contributing to climate catastrophe. From an anti-fascist perspective, such practices are seen as complicity in unethical business behavior, warranting a significant negative score in Business Practices and Ethical Responsibility.
Lloyds Bank AGM disrupted by pro-Palestinian and climate protesters
- MAY162024
During Lloyds Bank’s AGM in Glasgow on May 16, 2024, pro-Palestinian and climate activists disrupted the meeting, demanding that the bank divest from fossil fuel companies and firms they claim are complicit in Israeli genocide and occupation. The protesters forced a temporary halt to the proceedings as Chair Sir Robin Budenberg attempted to address the disturbance, highlighting growing public pressure over the bank's investment practices.
-40
Public and Political Behavior
May 23
The incident at the AGM, marked by activist disruption, demonstrates significant public and political contention regarding Lloyds Bank's investment practices. The company’s failure to address concerns about divestment from fossil fuels and allegedly complicit firms amid growing protests reflects negatively on its responsiveness to ethical and progressive pressures.
Lloyds Bank AGM disrupted by pro-Palestinian and climate protesters
-35
Business Practices and Ethical Responsibility
May 23
Protesters demanded divestment from fossil fuel companies and other investments accused of enabling human rights abuses, underscoring ethical lapses in Lloyds Bank's business practices. The incident suggests that the bank’s funding strategies may be at odds with progressive ethical standards, reinforcing concerns over its corporate responsibility.
Lloyds Bank AGM disrupted by pro-Palestinian and climate protesters
- MAY162024
At its annual general meeting in Glasgow, Lloyds Bank faced disruptions from Palestine and climate activists protesting its financing of arms companies. The protest, which interrupted proceedings and forced the chairman to pause his address, highlighted concerns over the bank's provision of nearly €4.5 billion in financial services to arms firms including BAE Systems and Lockheed Martin, with critics accusing the institution of indirectly funding genocide in Gaza and contributing to climate catastrophe.
-70
Economic Collaboration
May 23
Lloyds Bank's significant financial services provided to arms companies, such as €273.9 million for BAE Systems and €455.5 million for Lockheed Martin, has drawn sharp criticism. The financing of these companies—associated with military operations and human rights abuses—has been linked by protesters to funding actions that exacerbate conflicts and environmental degradation, underscoring an economic collaboration that indirectly supports authoritarian practices.
Palestine and climate activists derail Lloyds' AGM over its profit from ‘occupation and genocide’
- MAY242021
Two Muslim employees have initiated a discrimination lawsuit against Lloyds Bank after disciplinary actions were taken against them for posting pro-Palestine messages on an internal forum. The sanctions, which included a final written warning, loss of bonuses, and deleterious career impacts, have raised concerns about the bank's approach to safeguarding workers' rights and political expression.
-70
Labor Relations and Human Rights Practices
May 23
The bank's punitive measures against employees expressing pro-Palestine views—resulting in severe workplace penalties—reflect a disregard for protecting workers’ rights and political expression. This approach potentially marginalizes dissenting voices and aligns with practices that curtail fundamental human rights.
Lloyds Bank sued for discrimination by employees disciplined over pro-Palestine views
-30
Public and Political Behavior
May 23
The disciplinary actions appear to suppress political expression within the workplace, contributing to a climate of restriction that undermines open discourse. This use of internal policies to curb political speech indicates a tendency towards practices that may inadvertently support authoritarian norms.
Lloyds Bank sued for discrimination by employees disciplined over pro-Palestine views
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Corporate Financials
- Revenue
- 2025
- $20.00B
- Total Assets
- 2025
- $1.00T
- Operating Income
- 2025
- $5.00B
- Total Equity
- 2025
- $60.00B
Employees: 50,000
Industries
- 522110
- Commercial Banking
- 523910
- Miscellaneous Intermediation
- 523110
- Investment Banking and Securities Dealing
- 523120
- Securities Brokerage
- 522120
- Savings Institutions