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The former Lloyds Bank International (LBI), both directly and through its banking subsidiaries, BOLSA and BOLAM, [4] together with the National Bank of New Zealand, Lloyds Bank California and the colonial and foreign (later overseas) department of Lloyds Bank, was responsible for the international and foreign banking business of the Lloyds Bank ...
Lloyds Bank International was absorbed into the main business of Lloyds Bank in 1986. Since 2010, the name has been used to refer to the bank's offshore banking operations. Since 2010, the name has been used to refer to the bank's offshore banking operations.
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. [4]
On 13 February 2009, Lloyds Banking Group revealed losses of £10 billion at HBOS, £1.6 billion higher than Lloyds had anticipated in November because of deterioration in the housing market and weakening company profits. [30] The share price of Lloyds Banking Group plunged 32% on the London Stock Exchange, carrying other bank shares with it. [30]
1971 Lloyds combined Lloyds Bank Europe, BOLSA and BOLAM as subsidiaries of a new bank, Lloyds and Bolsa International Bank, of which Lloyds owned 55% and Mellon Bank 13%. Within two years, Lloyds bought out Mellon Bank and the other minority shareholders. It then renamed the bank Lloyds Bank International (LBI).
Lloyd International Airways Ltd was a private, British independent [nb 1] airline formed in 1961 to operate worldwide charter flights. It commenced operations with a single Douglas DC-4 piston airliner from Cambridge Marshall Airport. [1] [2] Lloyd International concentrated on passenger and cargo charters with four-engined, long-range aircraft.
In 1923, Lloyds Bank brought about a merger with the separately owned London and Brazilian Bank, to prevent the two banks being in direct competition with each other. The merged bank was renamed as the Bank of London and South America (BOLSA). Lloyds retained a major interest in BOLSA throughout its subsequent history.
The IUA was formed in January 1998 from the merger of the London International Insurance and Reinsurance Market Association (LIRMA) and the Institute of London Underwriters (ILU). [3] The main stated reason for the merger was the desire to give the London company market a single voice in dealings with government, regulators and other insurance ...