FTSE 100 news / Companies and sectors / Lloyds Banking Group / 17 October 2026
Lloyds Banking Group (LLOY): news on Saturday 17 October 2026
−7.0 strongly negative
Coverage was dominated by reports that the Chancellor is considering a bank tax increase ahead of the Budget, which pushed Lloyds shares lower. An RBC downgrade to sector perform over deposit competition and lending margins added to the negative tone.
What drove it
- bank tax fears
- RBC downgrade
- share price fall
The 20 stories
- −8.7 Lloyds and NatWest lead FTSE 100 fallers as bank tax fears return
Among top FTSE 100 fallers on bank tax fears. - −8.3 Banking tax raid fears hit London lenders' shares ahead of crucial budget
Tax raid fears hit lenders' shares ahead of budget. - −8.3 Bank shares drop on reports Chancellor planning Budget tax raid
Bank shares drop on reported Budget tax raid. - −8.3 UK bank shares fall on report of potential tax hike in Oct. 28 budget
Shares fall on report of potential tax hike. - −8.0 UK bank shares slip after report reveals Healey eyeing surcharge hike
Shares slip on report of surcharge hike. - −8.0 Banks face possible £2bn tax increase as Chancellor considers Budget changes - NATIONAL NEWS
Possible £2bn tax increase facing banks. - −7.8 RBC downgrades Lloyds as deposit competition threatens lending margins
Downgrade over deposit competition threatening lending margins. - −7.5 RBC Downgrades Lloyds Banking Group Rating, Price Target Amid Competitive UK Deposit Market
Downgrade citing competitive UK deposit market. - −7.0 Lloyds Banking Group (LON:LLOY) Cut to "Sector perform" at Royal Bank Of Canada
RBC downgrade to sector perform. - −7.0 RBC downgrades Lloyds Banking stock over deposit competition - ad-hoc-news.de
Downgrade over deposit competition. - −6.7 RBC Capital downgrades Lloyds to 'sector perform'
RBC downgrade to sector perform. - −6.7 Lloyds Banking stock: RBC cuts target for Lloyds Banking stock from GBp 124.00 to GBp 115.00 - ad-hoc-news.de
RBC cuts price target from 124p to 115p. - −5.0 FTSE 100 movers: Lloyds and NatWest fall; WPP gains
Shares fall among FTSE 100 movers. - −4.7 London midday: FTSE nudges up but Lloyds, NatWest in the red
Shares in the red at midday. - +3.7 Lex Autolease, Black Horse and Tusker brought together under Lloyds Auto
Auto businesses consolidated under Lloyds Auto brand. - +2.0 Halifax Intermediaries upgrades broker platform ahead of Lloyds rebrand
Halifax broker platform upgrade ahead of Lloyds rebrand. - −2.0 Lloyds Bank issues car finance update with customers being 'contacted directly'
Car finance update; ongoing redress issue. - −1.7 Full list of stores closing in October — including Lloyds Bank, clothing brand and more
Branch closure listing; minor, routine retail footprint news. - +1.7 Lloyds Banking Group Sets Long-Term Targets Amidst Mixed Share Price Signals
Long-term targets set, but share price signals mixed. - +1.3 Lloyds Bank trials new 10% rule for customers - and it could be rolled out to 28 million
Customer trial of new rule; neutral product story.
Lloyds Banking Group: every day · Banks on 17 October 2026 · FTSE 100 overview for the day