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Lloyds Banking Group plc

Lloyds Banking Group plc was formed through Lloyds TSB's acquisition of HBOS in January 2009. 43% of the company is owned by HM Treasury through the Treasury’s bank shareholding management company UK Financial Investments Limited. The Group has four divisions (Retail Banking, Insurance, Wholesale, and Wealth & International) and their activities take place all over the world. Through all of its acquisitions and mergers, Lloyds Banking Group has been formed from Lloyds Bank, The Bank of Scotland, Trustees Savings Bank, and Halifax.

Latest articles

Traders invest in safe haven assets as market rebounds

06.09.11
Asian stocks fell today, dragged down by sharp losses in European markets as fears mount of a worsening global economy... more

UK banks give useful lesson in patience as they carry on falling

05.09.11
"Patience required" was the advice which Bank of America Merrill Lynch handed out to investors in Britain's banks and, boy, did they need it... more

Apply for grants today, riot-hit businesses told

26.08.11
Businesses still suffering in the wake of the riots were today urged to apply for cash help from the £3 million High Street Fund... more

Hikes in home-loan fees fuel price rises

16.08.11
One of the factors fuelling the UK's rocketing inflation is banks stinging customers with higher mortgage and banking fees, it has emerged... more

FSA forced to act as banks are deluged by PPI claims

13.06.11
Three of the big High Street banks have been so swamped by complaints from customers who were mis-sold payment protection insurance that the regulator has been forced to give them more time to work through the backlog... more

Fire engine supplier in 999 call to shareholders

14.03.11
AssetCo, the group which owns London's fire engines, says it has ended several months of bid talks and taken out an emergency loan of £1.45 million as it tries to raise more cash from shareholders ... more

State-owned bank shares dive after Nick Clegg threatens break up

24.01.11
Almost £2 billion is wiped off the value of taxpayers' stakes in Royal Bank of Scotland and Lloyds Banking Group over investor worries that they might be broken up ... more

UK float may be put on hold at Santander

20.01.11
Santander may delay floating its British operations until the second half of the year following big management changes at the business... more

Lloyds cuts another 400 jobs as union appeals to new boss

09.11.10
Lloyds Banking Group is to axe another 400 jobs, taking the total number of posts lost to 22,000 since it was part-nationalised in September 2008... more

Lloyds bank chief Eric Daniels to retire

20.09.10
Lloyds Banking Group succession battle starts as chief executive Eric Daniels announces that he will retire next year... more

High Street names get the elbow as updates disappoint

09.09.10
Traders dump shares in some of Britain’s most famed High Street names after a slew of updates from leading retailers fail to impress the market... more

Alliance Medical cash talks may end in £600m sale

20.08.10
Alliance Medical’s Dubai owners could put the hospital scanners business up for sale for £600 million within weeks if talks over a cash injection fail... more

Market Round-Up: Banks are Footsie’s biggest gainers on prospects of relaxed regulation

27.07.10
Britain’s banks jumped on the tailcoats of their European rivals today... more

Shares portfolio: Tui Travel shines in the summer sun

06.07.10
With the summer holidays approaching it’s a good time to get into Tui Travel shares, but analysts say there is little sunshine for Lloyds Banking Group... more

Specsavers' Dame Mary Perkins honoured for lifetime in business

24.06.10
Dame Mary Perkins, the founder of Specsavers, picks up a lifetime achievement award for her work in business... more

RBS surges but BNP Paribas sceptic refuses to be moved

26.04.10
Market Round-up: As Royal Bank of Scotland’s shares hit highs not seen since December 2008, one analyst warns that the strong run is unlikely to continue... more

Banks and miners punished as investors head for exits

03.11.09
Leading shares were struggling to hold above the 5000 level today, as investors headed for the exits... more

Blacks Leisure unveils plan for £42.5m restructuring

03.11.09
Struggling outdoor goods retailer Blacks Leisure today set out the details of a long-awaited £42.5 million restructuring plan with its lender, Lloyds Banking Group, which could save nearly 4300 jobs ... more

Blacks fights for bank rescue as losses soar

29.10.09
Tents-to-fleeces retailer Blacks Leisure piled on the misery today, unveiling losses which more than doubled in the first half of the year ... more

EC pay back demand a threat to Britain’s pensions industry

27.10.09
Brussels interference over the bond repayment commitments of Britain’s bailed-out banks could cause a crisis in the retirement savings industry, leading pensions groups have warned ... more

More jobs face axe at Lloyds Banking

25.08.09
Another 200 jobs are going at Lloyds Banking Group. The merged High Street giant has ordered redundancies at the LloydsTSB and HBOS general insurance operations ... more

Lloyds axes 1200 jobs in 'groundhog day'

16.07.09
Lloyds Banking Group is cutting a further 1200 jobs, taking job losses for the year to 8200 ... more

Lloyds is £10bn in the red thanks to toxic HBOS

27.02.09
State-backed Lloyds Banking Group unveiled a £10billion loss as it warned of a huge rise in bad debts this year... more

Bankers: We'll fight bonus freeze

12.02.09
The Treasury faced fresh embarrassment over City pay amid claims that senior bankers have warned ministers that they will resist bonus freezes... more

Lloyds boss 'won't take bonus'

11.02.09
Lloyds chief executive Eric Daniels said that he will not take a bonus for last year, a move that will pile pressure on senior staff at other banks to follow suit... more

Lloyds moves to calm worry on financing

19.01.09
The new Lloyds Banking Group sought to calm investors, saying its position has not significantly worsened since before Christmas and its core financing ratios have not fallen as some had feared.... more

Halifax and TSB names to disappear

03.11.08
Lloyds TSB will not only drop the TSB from its name but there will be no sign either of Halifax or Bank of Scotland in its monicker once the takeover is voted through. Instead the new enlarged group will quite simply be called Lloyds Banking Group Plc. ... more
  • Facts
  • In 2007, Lloyds was awarded the Awards for Excellence by Euromoney.
  • Lloyds TSB was made the first Official Partner for the London 2012 Olympics.
  • In 2008, total revenue for the company stood at £17.7billion.


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