Lloyds Banking Group has been locked in a legal case with shareholders over its disastrous HBOS deal Credit: Paul Hackett/ REUTERS Harriet Russell 15 November 2019 • 1:16pm [84], In June 2008, Lloyds TSB Group came top in the Race for Opportunity’s (RfO) annual survey.

The Halifax and Lloyds Bank brands are used in England and Wales and the Bank of Scotland and Halifax brand is used in Scotland, each offering different products and pricing. [5][6], In 2000, HBOS plc took a 60 per cent shareholding in the business which became St. James's Place Capital in 2001 for £760 million. Birmingham Midshires was named Best Specialist and Buy-to-Let Mortgage Lender, and Lloyds TSB won the award for Best Overseas Mortgage Lender. He was at the helm of HBOS … There is not enough analysis data for (HBOS). [43], It was announced in the Government's Pre-Budget Report on 9 December 2009 that the forecast for the total loss to taxpayers for all the bank bailouts had been reduced from £50 billion to £10 billion—in part because of the restructuring of the Government's Asset Protection Scheme. [46] The group sold its 70% stake in insurance company Esure to Esure Group Holdings on 11 February 2010. View (HBOS)'s earnings history. [13], Lloyds 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. [4], Lloyds Banking Group is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index. The Group's history stems from the founding in 1695 by the Parliament of Scotland of the Bank of Scotland, which is the fifth oldest bank in the United Kingdom. Some companies that are related to (HBOS) include People's United Financial (PBCT), LendingTree (TREE), TFS Financial (TFSL), New York Community Bancorp (NYCB), Radian Group (RDN), MGIC Investment (MTG), Walker & Dunlop (WD), The Simply Good Foods (SMPL), Washington Federal (WAFD), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), Northwest Bancshares (NWBI), At Home Group (HOME), EverQuote (EVER) and OceanFirst Financial (OCFC). [15], In July 2017 an investigation by Which? [18], In January 2018, Andrew Croft became the Chief Executive of St. James's Place after spending the previous thirteen years as the company's Chief Financial Officer. Lloyds Banking Group has agreed to widen a compensation review for victims of the HBOS Reading fraud after pressure from customers and MPs. [21] An announcement was made on 18 September 2008. As of December 31, 2014, the Company had total assets of $1.7 billion. The official website for (HBOS) is www.eheritagebank.com. Losses were slightly more than the £10 billion originally identified by the due diligence owing to write-offs of property loans because of falling property prices and the lack of demand for it. The group operates head office sites in London, Halifax, Leeds and Edinburgh. 1164 (West Side) SE 02 NE SP/147 Lloyds Bank II 2, see, Morgan Stanley Bank International Limited, Business, Energy and Industrial Strategy Committee, António Horta-Osório moves out of his comfort zone, "UK banks prepare for inevitable shake-up", "Standard Chartered wins $1.3bn Chase deal", "Report damns Lloyds TSB's bid for Abbey National", "Lloyds TSB confirms possible sale of National Bank", "Banistmo-Lloyds deal receives regulator approval", "How HBOS escaped closure Robert Peston, BBC", "Robert Peston interview with Sir Victor Blank", "HBOS was 'finished' before Lloyds takeover", "Lloyds shares tumble as HBOS slumps to £10bn loss", "Stocks Rebound After Government Bank Bailout; Lloyds Gains", "How the government bailout saved our banks", "Britain's banking crisis: how it happened", "U.K. government to take 43.4% in combined Lloyds, HBOS group", "heraldscotland.com, Taxpayer loss from RBS and Lloyds bail-outs", "Lloyds to cut use of taxpayer insurance", bbc.co.uk Key points: The pre-Budget report at-a-glance, "guardian.co.uk Taxpayers' stake in Lloyds Banking Group to drop after share issue", "Lloyds mulling St James's Place stake sale: report", "Lloyds to sell Spanish retail division to Sabadell", "Lloyds shares hit three-year high as state considers stake sale", "Government reduces Lloyds shareholding to below 7%", "Government sells more shares in Lloyds Banking Group", "Share sale returns Lloyds to private sector", Rights Issue and Capital Enhancement Proposals, "Millions of Lloyds customers told banking details to change", "Co-op plan to take over Lloyds branches 'facing difficulty, "Lloyds' branch sale to Co-op falls through", "TSB name reappears across UK High Streets", "TSB shares jump on trading debut and lift prospects for future Lloyds sell-off", "TSB sold to Spanish bank in £1.7bn deal", "TSB agrees £1.7bn takeover by Spain's Sabadell", "Founder of Worms maker Team17 in line for £50m windfall", "Boss banks on making the industry more trustworthy", "Halifax to be revitalised as new boss of Lloyds Banking Group boss takes action", "Lloyds' offer to former Birmingham Midshires members: Q&A", "Intelligent Finance: An intelligent idea that ran out of steam and faces uncertain future", "Lloyds to boost UK credit card business with MBNA deal", "HELPING MANAGE THE FINANCIAL STRAIN OF UNIVERSITY", "Lloyds TSB tops workforce diversity chart", "What Investment UK – Investment opportunities and savings advice for private investors", "Consumer Money Awards 2009 Results moneyfacts.co.uk", "Your Mortgage Awards 2009 yourmortgage.co.uk", "Probe Circles Globe to Find Dirty Money", "Lloyds faces accusations of tax avoidance", "Lloyds Bank scraps overdraft fees on Islamic accounts", "Former HBOS manager found guilty of corruption and fraud", "Lloyds' overdraft fees are 'unacceptable, Lloyds and National Provincial Foreign Bank, Commercial and retail banks in the United Kingdom, Chartered Institute of Bankers in Scotland, BNP Paribas Corporate & Institutional Banking, Crédit Agricole Corporate & Investment Bank, The Bank of New York Mellon, Frankfurt Branch, https://en.wikipedia.org/w/index.php?title=Lloyds_Banking_Group&oldid=985185270, Companies listed on the London Stock Exchange, Financial services companies based in the City of London, Multinational companies based in the City of London, Pages with non-numeric formatnum arguments, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. (HBOS) has received 84 “outperform” votes. [66] Banco Sabadell agreed to purchase TSB in March 2015, and completed the acquisition on 8 July 2015. Lloyds Banking Group's activities are organised into: Retail Banking (including Mortgages and Sole Traders); Commercial; Life, Pensions & Insurance; and Wealth & International. [69] LDC will sell half of this stake at Alternative Investment Market as Team17 intends to go public. [51] The UK government then sold a further 7.8% on 26 March 2014 at 75.5p raising a further £4.2bn and reducing its stake to 24.9%. © American Consumer News, LLC dba MarketBeat® 2010-2020. Customers with accounts held by the branches, and staff employed within them, would be transferred. (HBOS) trades on the NASDAQ under the ticker symbol "HBOS.".

[85], In May 2009, Lloyds TSB Corporate Markets was recognised as ‘Bank of the Year’ for the fifth year running at Real FD/ CBI FDs' Excellence Awards. The division focuses on Lloyds Bank in England and Wales and Bank of Scotland in Scotland.

A rise in UK unemployment to just over 12%; A 50% peak-to-trough fall in UK house prices; A 60% peak-to-trough fall in UK commercial property prices.

[60][61] The final transfer of TSB Bank plc to the new owner was due to be completed by late 2013. Andy Hornby may have held senior positions at some of the UK’s biggest companies but his name will forever be synonymous with the banking crisis.. HBOS's stake passed to Lloyds Banking Group, on its acquisition of HBOS in 2009. In September the same year, Lloyds TSB purchased Chartered Trust from Standard Chartered Bank for £627 million to form Lloyds TSB Asset Finance Division, which provides motor, retail and personal finance in the United Kingdom under the trading name Black Horse. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.

[49] In September 2013, it was reported that the UK government was planning to sell up to a quarter of its shares in Lloyds Banking Group.