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Lloyds freezes 8,000 offshore bank accounts

Lloyds Banking Group has frozen about 8,000 bank accounts registered offshore after asking the customers for three years to prove their identities. The banking giant, which has its international business in Jersey, was forced to take action in order to meet regulatory requirements. Read more:Deutsche Bank faces US money laundering investigation The move to freeze
Money

Whitbread shares: Waiting for strategy to bear fruit

Its not easy being a hotelier in this market, but Whitbread shares are holding their own for now. Despite having previously laid the groundwork in guiding expectations lower, Whitbread (LSE:WTB) has delivered a first-quarter update which is light on cheer. Without the diversification and success that Costa brought, the company is now mostly hostage to the cyclical hotels
Money

Hargreaves Lansdown execs to defer bonuses amid Woodford fund troubles

Two senior executives at Hargreaves Lansdown have echoed the actions of the firms boss after volunteering to defer their bonuses in the wake of an investment scandal involving Neil Woodford. Research director Mark Dampier and chief investment officer Lee Gardhouse have shelved their annual bonuses as their investment platform faces growing pressure over its backing of
Money

Domestic row takes toll on Boris Johnsons leadership campaign

Boris Johnson came under fire yesterday for refusing to answer questions over why the police were called to his home following an argument with his partner in the early hours of Friday morning. The Tory leadership favourite, who took part in hustings in Birmingham alongside rival Jeremy Hunt, refused to answer questions regarding the incident, saying that party members
Money

Jeremy Hunt slams populist rival as he ramps up pressure over TV debates

Tory leadership contender Jeremy Hunt has urged party members not to select his “populist” rival as the next prime minister, as he called for live TV debates ahead of voting. Hunt warned the Conservative Party risked losing power to a “dangerous” Jeremy Corbyn if it chose rival Boris Johnson as its next leader. Read more:Tory leadership race: Boris Johnson takes on Jeremy
Money

Police called to Boris Johnsons home after reports of altercation

Police were called to the home of Boris Johnson and his partner Carrie Symonds in the early hours of Friday after neighbours reportedly raised concerns over a loud altercation. A neighbour told the Guardian they heard a woman screaming followed by “slamming and banging”. Read more:Tory leadership race: Boris Johnson takes on Jeremy Hunt Johnson, who is the frontrunner in
Money

Trump warns Iran of obliteration if war breaks out

US President Donald Trump has warned Iran would face “obliteration like youve never seen before” if war broke out, but insisted he does not want a conflict. In an interview with NBC, Trump said there were no pre-conditions for talks with Iran, but warned the US would not tolerate nuclear weapons. Read more:Trump: I cancelled Iran military strike to avoid 150 deaths “You