Lloyds wields axe but keeps multi-brand options for advisers

Jones, Lee
June 2009
Money Marketing;6/11/2009, p56
The article reports on the plan of Lloyds Banking Group PLC to retain the multi-brand options for the advisers in Great Britain. The company is planning to maintain its multi-brand strategy while ending the operation of some of its branches including the Clerical Medical Brand which can lead to the lost of 1,660 jobs in the country. However, the brokers are still happy because the retained operation will still provide them with access to all types of products.


Related Articles

  • Proc fee cuts could backfire.  // Mortgage Strategy;4/9/2012, p003 

    The article reports on the impact of the decision by Nationwide and Lloyds Banking Group to cut procuration fees for directly authorised advisers on many brokers.

  • Brokers slam 'illogical' cap on interest-only. Thomas, Paul // Money Marketing;6/3/2010, p7 

    The article presents the comment of brokers specialising in high-networth clients on the decision of Lloyds Banking Group PLC to cap interest-only lending for mortgages over 500,000 pounds as illogical in 2010.

  • Excedrin Headache No. 75.  // Fortune;Oct1974, Vol. 90 Issue 4, p48 

    The article discusses Lloyds Bank Ltd. chairman Eric Faulkner's recovery of an uncovered positions of more than one billion U.S. dollars from a young foreign-exchange trader at the company's branch in Lugano, Switzerland.

  • Brokers lose out as Nationwide and Lloyds group decide to cut proc fees.  // Mortgage Strategy;4/9/2012, p006 

    The article reports on the impact of the decision by Nationwide and Lloyds Banking Group to cut procuration fees on brokers. It states that Nationwide has reduced its procuration fees for directly authorised brokers by 0.02% from 0.35% to 0.33%. According to a Nationwide spokeswoman, they are...

  • Marketwatch.  // Mortgage Strategy;8/8/2011, p12 

    The article discusses various developments related to mortgages industry. It has been stated that HSBC has witnessed an increase in its first-half lending, from 4.92bn pound in 2010 to 6.7bn pound in 2011. It has been reported that Lloyds Banking Group has increased its rates in the second...

  • Letters. Lindon-Travers, James; Jones, Peter; Bardoe, Arron // Mortgage Strategy (Online Edition);9/11/2013, p29 

    A letter to the editor is presented about the decision of British financial institution Lloyds Banking Group to link the procuration fees it pays to brokers to the quality of business submitted from the beginning of 2014 on its BM Solutions and Halifax brands.

  • Lloyds axes 900 brokers from panel. Holt, Natalie // Money Marketing;2/3/2011, p1 

    The article reports on the decision of Lloyds Banking Group PLC to suspend 900 mortgage brokers for three, six or 12 months after uncovering fraud practices such as inflating income and fraudulent applications in Great Britain.

  • Lloyds axes 900 brokers from panel.  // Design Week (Online Edition);2/3/2011, p31 

    The article informs that Lloyds Banking Group PLC has dismissed 900 mortgage brokers from its panel following their fraudulent practices during the period 2008-2011.

  • The proc project. Thomas, Natalie // Mortgage Strategy (Online Edition);10/16/2013, p36 

    The article offers information on an experiment by lenders involving procuration fees being determined based on quality. The author says that quality is more important than quantity among lenders regarding brokers' mortgage applications and talks about the move made by Santander Intermediaries...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics