Lloyds Banking Group

News

Xpeng chooses Lloyds as finance and leasing partner

Lex Autolease-owner Lloyds Banking Group will offer finance and leasing products for electric vehicles from Chinese manufacturer Xpeng.

Xpeng 27 Feb

Pile of pound coins on top of £5, £10 and £20 notes

News

Lex Autolease owner Lloyds sets aside £1.25bn for car loan payouts

Lloyds Banking Group has increased the amount of cash it had put aside for potential payouts on car loan commissions.

Funding 21 Feb

News

Chancellor’s bid to intervene in finance compensation case rejected

An attempt to intervene in a landmark case concerning hidden commissions in car finance by Rachel Reeves has been rejected by the Supreme Court.

Funding 19 Feb

News

Richard Jones named new CEO of Zenith

Zenith has appointed the former Blackhorse and Lex Autolease MD as its new group CEO, subject to FCA approval.

Zenith 2 Oct

News

Used EV salary sacrifice scheme launched to help manage decline in RVs

Used EV values have fallen 50% over the past 24 months, with Fleet News revealing how leasing companies have been exposed to the losses.

Salary Sacrifice 20 Sept

News

Senior leadership changes at salary sacrifice provider Tusker

Tusker has made changes to its senior leadership team, with Steve Barker stepping down from his role as chief commercial officer.

Tusker 27 Jun

News

Three-quarters of Tusker’s fleet now fully electric

Four out of every five cars delivered by Tusker in 2023 were fully electric, helping the salary sacrifice specialist slash average fleet emissions by 50%.

Tusker 6 Mar

News

Tusker retains autonomy following Lloyds acquisition, confirms new MD

Tusker will continue to operate as a standalone business and focus on providing salary sacrifice solutions, following its acquisition by Lloyds Banking Group.

Tusker 31 Jan

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Updated: Tusker CEO Paul Gilshan steps down

Gilshan will join the Tusker board with Kit Wisdom, who was chief operating officer, becoming MD of the business.

Tusker 18 Jan

News

Lex Autolease report shows appetite for electric vehicles

A majority of drivers will move away from petrol and diesel and opt for battery technology when choosing their next car, new research suggests.

12 Jul

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Tusker to handle all new salary sacrifice business for Lloyds

The move follows the banking giant's acquisition of Tusker in February for £300 million.

Salary Sacrifice 19 May

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Tusker customers to benefit from Lloyds scale and funding

The acquisition of Tusker by Lloyds Banking Group is a 'win-win' for the salary sacrifice specialist’s customers, says the firm’s CEO.

Tusker 14 Apr

News

Why keeping the ZEV mandate on the right track is key to sustaining electrification

Nick Williams, transport managing director at Lloyds Banking Group, discusses the importance of the ZEV mandate consultation for the UK’s net zero journey.

11 Apr

Paul Gilshan, chief executive officer at Tusker

News

Lloyds Banking Group buys salary sacrifice specialist Tusker

Lloyds Banking Group has acquired vehicle leasing company Tusker for £300 million.

Tusker 22 Feb

Electric car plugged in to a charge point

News

Almost half of UK homes ‘unsuitable’ for electric vehicles

More than two fifths of UK homes are unsuitable for charging an electric vehicle due to the lack of off-road parking, research from Lloyds Bank suggests.

electric fleet - charging and infrastructure 5 Jan

News

Nick Williams appointed as new leader of Lex Autolease

Nick Williams has been named as the new managing director of Lloyds Banking Group’s transport division, with responsibility for Lex Autolease and Black Horse.

Lex Autolease 21 Nov

News

EV role for Lauren Pamma at Lloyds

Lauren Pamma has been appointed to the newly created role of electrification propositions lead at Lloyds Banking Group in its motor finance and leasing division.

17 Dec