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.
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
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
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
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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
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’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
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
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
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
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
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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 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
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
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
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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