Difference between revisions of "Lloyds Banking Group"
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[[Image:33 Old Broad Street.jpg|350px|right|thumb|33 Old Broad Street, London EC2N 1HZ (next to Tower 42 and opposite the British Bankers' Association and others)]] | [[Image:33 Old Broad Street.jpg|350px|right|thumb|33 Old Broad Street, London EC2N 1HZ (next to Tower 42 and opposite the British Bankers' Association and others)]] | ||
==Financial crisis 2009== | ==Financial crisis 2009== | ||
| − | Lloyds TSB purchased distressed bank [[HBOS]] for £12bn in January 2009. The BBC reported in September 2008: "The deal was negotiated at the very highest level, with Prime Minister Gordon Brown telling Lloyds TSB chairman Sir Victor Blank that it would be helpful if Lloyds could end the uncertainty surrounding HBOS by buying it."< | + | Lloyds TSB purchased distressed bank [[HBOS]] for £12bn in January 2009. The BBC reported in September 2008: "The deal was negotiated at the very highest level, with Prime Minister Gordon Brown telling Lloyds TSB chairman Sir Victor Blank that it would be helpful if Lloyds could end the uncertainty surrounding HBOS by buying it."<ref>[http://news.bbc.co.uk/1/hi/business/7622180.stm Lloyds TSB seals £12bn HBOS deal], BBC, 17 September 2008</ref> |
The government was also forced to bail out Lloyds - it is 43 per cent government owned. The Group announced in February 2009 that it expected losses of nearly £11bn for 2008 at HBOS.<ref>[http://news.bbc.co.uk/1/hi/business/7892125.stm BBC News], 16 February 2009</ref> | The government was also forced to bail out Lloyds - it is 43 per cent government owned. The Group announced in February 2009 that it expected losses of nearly £11bn for 2008 at HBOS.<ref>[http://news.bbc.co.uk/1/hi/business/7892125.stm BBC News], 16 February 2009</ref> | ||
Revision as of 22:44, 21 December 2011
Lloyds Banking Group is the renamed Lloyds TSB Group, following the acquisition of HBOS in January 2009. It claims to be the largest retail bank in the UK.
Contents
Financial crisis 2009
Lloyds TSB purchased distressed bank HBOS for £12bn in January 2009. The BBC reported in September 2008: "The deal was negotiated at the very highest level, with Prime Minister Gordon Brown telling Lloyds TSB chairman Sir Victor Blank that it would be helpful if Lloyds could end the uncertainty surrounding HBOS by buying it."[1]
The government was also forced to bail out Lloyds - it is 43 per cent government owned. The Group announced in February 2009 that it expected losses of nearly £11bn for 2008 at HBOS.[2]
People
- Sir Victor Blank, Chair
- Eric Daniels, CEO
- Lord Leitch, non-exec director
- Sir David Manning, non-exec director. Joined the board on 1 May 2008. Entered the Foreign and Commonwealth Office in 1972 and held senior appointments, including HM ambassador to Israel between 1995 and 1998, foreign policy adviser to the Prime Minister from 2001 to 2003 and HM ambassador to the USA from 2003 to 2007. A non-executive director of BG Group and Lockheed Martin UK Holdings.[3]
PR and lobbying
Internal
- Mark Lidiard, Group comms director. Joined in February 2008 from mining firm BHP Billiton.[4]
- Michael Oliver, Director of investor relations
- Leigh Calder & Amy Mankelow, Senior managers, media relations
External
- Citigate Dewe Rogerson Public Policy, public affairs account[5]
- Finsbury, conducts financial PR for Lloyds[6]
- Brunswick, advised HBOS on the takeover by Lloyds[7]
Contacts
London HQs: 25 Gresham Street, London EC2V 7HN; 33 Old Broad Street London EC2N 1HZ
http://www.lloydsbankinggroup.com
References
- ↑ Lloyds TSB seals £12bn HBOS deal, BBC, 17 September 2008
- ↑ BBC News, 16 February 2009
- ↑ Lloyds website, accessed Feb 2009
- ↑ Banking industry Insider's Guide: UK banks' reputation managers, PR Week, 13 Oct 2008
- ↑ APPC register, to Nov 2008
- ↑ Banking industry Insider's Guide: UK banks' reputation managers, PR Week, 13 Oct 2008
- ↑ Banking industry Insider's Guide: UK banks' reputation managers, PR Week, 13 Oct 2008
