19 Facts About Lloyds Banking Group

Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009.

Lloyds Banking Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh.

The Lloyds Banking Group has extensive overseas operations in the US, Europe, the Middle East and Asia.

Lloyds Banking Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Lloyds Banking Group Bank is one of the oldest banks in the UK, tracing its establishment to Taylors and Lloyds Banking Group founded in 1765 in Birmingham by button maker John Taylor and iron producer and dealer Sampson Lloyd II.

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Lloyds Banking Group TSB continued to take part in the consolidation, making a takeover bid for Abbey National in 2001, which was later rejected by the Competition Commission.

On 13 February 2009, Lloyds Banking Group said that the losses at HBOS were greater than had been anticipated, at around £10 billion.

Lloyds Banking Group impairments peaked in the first half of 2009; by mid-2009 the Asset Protection Scheme increasingly looked like a poor deal for Lloyds Banking Group.

In February 2013, it was reported that Lloyds Banking Group were considering a stock market flotation of the TSB business as an alternative, should the transfer not be completed.

Lloyds Banking Group said that the rebranding to TSB Bank would still take place and that the new bank will be divested through an initial public offering in 2014.

Lloyds Banking Group is an active supporter of disability rights and best practice; it is a Gold member of the Employers' Forum on Disability.

In 2011, Lloyds Banking Group established the Lloyds Scholars Programme, a social mobility programme aimed at UK students, in partnership with nine leading UK universities.

Birmingham Midshires was named Best Specialist and Buy-to-Let Mortgage Lender, and Lloyds Banking Group TSB won the award for Best Overseas Mortgage Lender.

Lloyds Banking Group was accused of disguising loans to American companies as investments in order to reduce the tax liability on them.

This, when added to the other brands of the Lloyds Banking Group, was twice the number of complaints received by Barclays—the next-most-complained-about UK bank.

Lloyds Banking Group has been criticised for failing to compensate, or even apologise to, victims of fraud perpetrated by employees of HBOS.

Lloyds Banking Group's wrote a report on the fraud at the request of the bank, called Project Lord Turnbull.

Lloyds Banking Group's subsequently left the bank and claimed for constructive dismissal.

In January 2019, the Lloyds Banking Group was criticized by the Chair of the Business, Energy and Industrial Strategy Committee for changes to its overdraft fees policy.