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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 19 January 2009, the group was acquired by Lloyds TSB and became a subsidiary of Lloyds Banking Group after both sets of shareholders approved the deal. Lloyds Banking Group stated that the new group would continue to use The Mound as the headquarters for its Scottish operations and would continue the issue of Scottish bank notes. [4] [5]
The name has been re-branded to Computershare Voucher Services or CVS. In February 2010, Computershare acquired HBOS Employee Equity Solutions from Lloyds Banking Group for a sum of around £40m. [9] In January 2012, Computershare acquired Shareowner Services (Stock Transfer Sector) from Bank of New York Mellon (BNYM) for a sum of around $550 ...
Lloyds Banking Group had to temporarily adjourn its annual investor meeting on Thursday after a shareholder shouting complaints delayed the start and had to be removed from the meeting. The ...
It is part of the Lloyds Banking Group, a British-based financial institution formed through the acquisition of HBOS in 2009 which provides UK retail, wholesale and international banking facilities, as well as insurance and investment services. [6]
After the 2008 rescue of HBOS, [37] Lloyds TSB Group was renamed Lloyds Banking Group. [38] In 2009, following the liquidity crisis , HM Government took a 43.4% stake in Lloyds Banking Group. The European Commission ruled that the group must sell a portion of its business by November 2013, as it categorised the stake purchase as state aid .
Unconditional trading in the shares started on 25 June 2014. A further 11.5% of TSB Banking Group shares were sold by Lloyds Banking Group in September 2014, bringing its share holding down to 50%. [23] According to Lloyds' chief executive, António Horta-Osório, the separation cost £1 billion more to perform than the new bank is worth. [24]
Lloyds Bank Corporate Markets is the investment banking arm of Lloyds Banking Group.LBCM has two primary investment banking functions: Capital Markets - under which Debt Capital Markets, private side derivatives, and Securitised Products sit - and Financial Markets - the interest rates, currency, commodities, inflation and gilts, flow sales and trading business.