Lloyds Banking Group

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.

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."</ref>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.

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.

PR and lobbying

Internal

• Mark Lidiard, Group comms director. Joined in February 2008 from mining firm BHP Billiton.
• Michael Oliver, Director of investor relations
• Leigh Calder & Amy Mankelow, Senior managers, media relations

External

• Citigate Dewe Rogerson Public Policy, public affairs account
• Finsbury, conducts financial PR for Lloyds
• Brunswick, advised HBOS on the takeover by Lloyds

Contacts

http://www.lloydsbankinggroup.com