Lance Bannon was Peter Parker's competition for taking photos of Spider-Man for the Daily Bugle. J.Jonah Jameson preferred Bannon's photos because they depicted Spider-Man in a bad light compared to Parker's. Bannon's fiancee Amy Powell once flirted with Parker in order to get Lance's attention.
During the time the Hobgoblin kept a business partnership with the Rose, Bannon associated with Roderick Kingsley due to uncleared reasons. His journalistic investigations into the Hobgoblin led some to suspect a deeper connection between him and the villain.
Ultimately, Bannon was killed by a mystery person in the F.A.C.A.D.E. armor after he had found out who it was.