18 Facts About Lloyds Bank

Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales.

Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales and offers 24-hour telephone and online banking services.

Symbol adopted by Taylors and Lloyds Bank was the beehive, representing industry and hard work.

When Lloyds took over that bank in 1884, it continued to trade "at the sign of the black horse".

One of these, the London and Brazilian Lloyds Bank, financed coffee plantations in Brazil which operated on slave labour, and mortgages on these plantations were sometimes secured using the monetary value of the enslaved people as collateral.

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In 1968, a failed attempt at merger with Barclays and Martins Lloyds Bank was deemed to be against the public interest by the Monopolies and Mergers Commission.

In 1972, Lloyds Bank was a founding member of the Joint Credit Card Company which launched the Access credit card .

In 1982 Lloyds Bank decided to follow Provident Financial Group plc in entering the estate agency market with the acquisition of the Norfolk firm of Charles Hawkins and Son in May of that year to form Black Horse Agencies.

Lloyds Bank International merged into Lloyds Bank in 1986, since there was no longer an advantage in operating separately.

In 1988, Lloyds Bank merged five of its businesses with the Abbey Life Insurance Company to create Lloyds Bank Abbey Life.

In 2001, Lloyds Bank TSB made a bid to acquire Abbey National; however, the bid was blocked by the Competition Commission, who ruled that a merger would be against the public interest.

Lloyds Bank TSB was the first Official Partner for the 2012 Summer Olympics in London.

Lloyds Bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.

Lloyds Bank International was absorbed into the main business of Lloyds Bank in 1986.

In March 2014 it was reported that Lloyds Bank had been reducing the compensation they offered by using a regulatory provision called "alternative redress" to assume that customers wrongly sold single-premium PPI policies would have bought a cheaper, regular premium PPI policy instead.

The report stated that Lloyds TSB is the only high street bank whose corporate social responsibility policy does not mention the arms industry, yet is that industry's second largest shareholder among high street banks.

An employee of Lloyds Bank was filmed telling a customer how several mechanisms could be used to make their transactions invisible to the UK tax authorities.

Lloyds Bank has accepted the regulator's findings and apologised to its customers.