Lloyds Banking

Lloyds Banking Group appoints Kelly Bennett, effective 1 September, as an independent, non-executive member of the board of directors. Bennett was Chief Marketing Officer at Netflix from 2012–2019 and previously held senior roles at Warner Bros.; she has also advised Microsoft Xbox and the founders of Nubank and is currently chair of the supervisory board at Zalando as well as a venture advisor at Technology Crossover Ventures. The company said that, in accordance with UK listing rules, there is no further information required to be disclosed. » More on de.investing.com

A parish treasurer reports Lloyds Bank closed the church's account and a bank system fault prevented opening the required new business account. The church opened an account at another bank but Lloyds repeatedly delayed transferring the remaining balance of nearly £5,500, at one point claiming lost ID documents. After months of complaints Lloyds offered £400 goodwill and £96 lost interest and finally transferred the funds more than four months after closure. » More on theguardian.com

Lloyds Banking Group announces the repayment of its 1.985% Fixed Rate Reset Subordinated Debt Securities due 2031 with an outstanding principal amount of £500m. The redemption will be made at 100% of principal plus interest accrued up to the repayment date; the NYSE listing will be suspended on or shortly after 15 September 2026. Lloyds has notified the trustee and will irrevocably deposit sufficient funds before the repayment date, extinguishing securityholders’ claims except for the redemption amount. » More on de.investing.com