{
Harriett Baldwin

People

}
001122334455554433221100
001122334455554433221100

lloyds bank misclassifies 44 billion in deposits impacting savings market data

Lloyds Banking Group misclassified £44.1bn of customer deposits as interest-bearing in submissions to the Bank of England, leading to inaccuracies in data used by the Financial Conduct Authority (FCA) for its cash savings market review. The error, identified and corrected late last year, inflated the amount of non-interest-bearing accounts to £282bn. While Lloyds stated there was no impact on customers or financial reporting, the mistake raised concerns about the reliability of historical data used by the FCA.
@FinancialTimes
British Pound Sterling Lloyds Banking Group plc GBR Jeremy Hunt Roula Khalaf Harriett Baldwin Show more
Finance & Economy, News Article
06:01 27.02.2025
Trending
Subcategory
Industry Trends Corporate News Supply Chain Management Startups & Entrepreneurship Global Trade Developments Government Economic Policies Industry Mergers & Acquisitions Retail and Consumer Goods Financial Scams and Security Workplace Trends Venture Capital Investments Finance Mergers & Acquisitions Cryptocurrency Trends Funding Rounds & Investments Fintech Startups Emerging Startups CEO Changes Market Analysis and Predictions Consumer Protection Regulations Corporate Social Responsibility
Countries:
IND USA CHN ARE VNM JPN MAR CAN MEX HKG KOR PAK EGY DZA NLD FRA THA SAU GBR TWN
Companies:
Apple Inc. Google Inc. NVIDIA Corporation Delhivery Limited Ecom Express Ltd. Alphabet Inc. OpenAI ERC USD Ciscom Corp. ERICSSON - CLASS B Physicswallah Ltd. Learning Resources Inc. MGA Entertainment Inc. Snap Inc. Tiktok USD Semiconductor Manufacturing International Corporation Hua Hong Semiconductor Ltd. Spotify Technology S.A. Dropbox, Inc. Vimeo, Inc. Adobe Inc.
Currencies:
United States Dollar Indian Rupee Chinese Yuan Euro Vietnamese Đồng New Taiwan Dollar United Arab Emirates Dirham Russian Ruble South Korean Won Pakistani Rupee Algerian Dinar Australian Dollar Thai Baht Japanese Yen Saudi Riyal
People:
Donald Trump Ilya Sutskever Peter Thiel Amal El Fallah Seghrouchni Trixie Lohmirmand Scott Bessent Jamieson Greer Joe Jurken Stephen Roachford David French Rick Woldenberg Marc Rosenberg Isaac Larian Andrew Ferguson Sheryl Sandberg Mark Zuckerberg Pavel Prass Eric Cox Drew Houston Olivia Nottebohm

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Reset settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.