LONDON (Reuters) - British app-only bank Monzo said on Wednesday that its backers now value the lender at 1 billion pounds ($1.3 billion), giving it unicorn status, after it raised 85 million pounds to fund the doubling of its workforce. That makes Monzo the latest of Britain’s digital banks to reach unicorn status - or a valuation of at least $1 billion without tapping the stock market - after rival Revolut passed the landmark earlier this year. Monzo, which launched in 2015 and has yet to...

LONDON (Reuters) - Lloyds Banking Group (LLOY.L) must amend its pension schemes to equalise benefits for men and women following a court ruling that could cost the bank up to 150 million pounds ($191.97 million) and affect thousands of other companies. A Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett/Files In a case closely watched by the government, Judge Paul Morgan ruled that Lloyds’ pension trustee had a duty to amend the schemes to equalise...

LONDON (Reuters) - Britain’s Lloyds Banking Group (LLOY.L) shrugged off fears of a chaotic, no-deal Brexit and pledged to keep pumping credit into the economy regardless of the outcome of negotiations between Brussels and London. The bank’s finance chief George Culmer told reporters on Thursday that Lloyds remains hopeful that the two sides can secure a deal before Brexit day in March 2019, when the UK will undergo its biggest policy shift in four decades. “There is great uncertainty out...

LONDON (Reuters) - Lloyds Banking Group (LLOY.L) and Schroders (SDR.L) said on Tuesday they had struck a multi-billion pound wealth management deal aimed at changing the way Britons save and invest. FILE PHOTO: A sign is seen outside a branch of Lloyds Bank in central London October 28, 2014. REUTERS/Andrew Winning/File Photo Schroders, Britain’s second largest listed fund management group by assets under management, and Lloyds, its biggest retail lender, said they would launch a financial...

LONDON (Reuters) - Paul Pester, the chief executive of Britain’s crisis-hit TSB Bank, is stepping down after months of pressure following a botched IT project that has cost more than 200 million euros ($231 million). FILE PHOTO: Chief Executive of TSB, Paul Pester, poses at the bank's Baker Street branch in London September 9, 2013. REUTERS/Andrew Winning/File Photo Pester ran the lender for seven years but was heavily criticised for his handling of the IT update in April that led to one of...