Lloyds Bank
This article needs to be updated. (June 2014) |
Lloyds TSB is one of world's largest banks. It is based on Gresham Street in the city of London and has business all over the world including the US, Europe, Middle East, Asia and Latin America.
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | (Lloyds Bank: 1765) (Trustee Savings Bank: 1810) |
| Headquarters |  Gresham Street, London, England |
| Products | Banking Investment banking Insurance |
| Revenue | £16,874 million GBP (2007) |
| £5,139 million GBP (2007) | |
| £3,321 million GBP (2007) | |
Number of employees | 74,000 (2006) |
| Website | www |
Lloyds Banking Group 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. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.
The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates office sites in Birmingham, Bristol, West Yorkshire and Glasgow. The Group also has extensive overseas operations in the US, Europe, the Middle East and Asia. Its headquarters for business in the European Union is in Berlin, Germany.
The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told The Banker, "We will keep the different brands because the customers are very different in terms of attitude".
Lloyds Banking Group is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £30.65 billion as of 1 August 2022 — the 19th-largest of any LSE listed company — and has a secondary listing on the New York Stock Exchange in the form of American depositary receipts.
In 2009 Lloyds TSB merged with HBOS (Halifax Bank of Scotland) to make Lloyds Banking Group, this now uses three brands on the high street, Lloyds TSB, Halifax and Bank of Scotland.
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