Market Chatter: Lloyds Banking to Quit Invoice Factoring Service by Year-end

11:27 PM EST, 12/28/2025 (MT Newswires) -- Lloyds Banking Group (LLOY.L) plans to end its invoice factoring service for small and medium-sized enterprises by the end of 2025 and focus on corporate clients, London's Financial Times reported Sunday. The service, which involves purchasing outstanding invoices from small companies for cash, is being scaled back amid increased cost pressures on small businesses following successive increases in minimum wages and taxes, the report said. The British lender's decision follows similar moves by rivals NatWest (NWG.L) and Barclays (BARC.L), the report added, citing people familiar with the matter. Lloyds did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)