Lloyds Banking Group Company Description
Don't confuse Lloyds Banking Group with that other Lloyds in The City. Unrelated to Lloyd's of London, Lloyds Banking Group was formed by the 2009 merger of UK banks Lloyds TSB and HBOS. Its retail banking services include deposit accounts, credit cards, loans, and wealth management. Lloyds Banking Group is also one of the nation's top home mortgage lenders. Other products include insurance and investment services through Scottish Widows, and wholesale and international banking for UK corporate clients and multinationals. Lloyds Banking Group, which includes Lloyds TSB and Halifax in England and Wales, as well as Bank of Scotland, has more than 2,000 branch locations. The UK government owns 43% of the company.
View the Comprehensive Company Description for Lloyds Banking Group
The Company Description provides a historical perspective of Lloyds Banking Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Lloyds Banking Group's evolution in the marketplace.
