Record Lloyds under pressure as Trump's tariffs, commission scandal

While the retail banking business – the comprehensive Halifax, the Bank of Scotland and MBNA – remained largely stable, the macroeconomic background has shifted significantly since the beginning of the year. Trump's taxes, including a flat tariff of 10 percent for most British goods, rattled international investors and led to a re -evaluation of global growth forecasts, even for lenders with a limited exposure in overseas.

Despite an increase in the loans and the advance by 7.1 billion GBP for customers and an increase in net income by four percent to £ 4.4 billion, the increasing costs of Lloyds, which rose £ 2.6 billion and an increase of 6 percent compared to the previous year, watered down the advantages of higher income. The bank cited severance payments and investments in strategic initiatives among the participants for this increase.

Read more: Lloyds Execs receive bonuses of almost £ 2 million under cost reduction measures

Charlie Nunn, who is approaching as managing director in his fourth year, tried to isolate Lloyds from global volatility by deepening his domestic footprint and progressing with a digital revision. But the bank is anything but immune to external shocks – it is also not free of domestic turbulence.

Car finance scandal is still lurking

The British motor financing scandal is large over Lloyds. The group has already intended 1.2 billion pounds for potential customer regulation in conjunction with the discretionary commission arrangements-a once common industry practice, which is now studying under legal examination. The investigation of the Financial Conduct Authority continues, but a crucial moment could go hand in hand with an upcoming decision by the Supreme Court.