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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]
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 .
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).
CEO, Lloyds Banking Group. Term: August 2021-Predecessor: ... Nunn joined HSBC in 2011, rising to global head of personal banking and wealth management. [2] [6]
Lloyds Banking Group is to shut 136 more high street branches as it accelerates plans to cut costs and digitise the bank. It will close 61 Lloyds, 61 Halifax and 14 Bank of Scotland branches ...
He was appointed non-executive Director of Lloyds Banking Group [1] on 1 October 2020 and became Chairman on 4 January 2021 and was appointed Chairman of The Crown Estate [2] on 9 August 2016. Early life
The banking giant will shut 48 Lloyds Bank branches and 18 Halifax branches between October and January of next year.
Source: Lloyds Banking Group reports. *in millions of pounds. Can Lloyds afford a dividend? Lloyds' cash balance has risen by more than 230% over the last five years, growing from just 32.7 ...