Lloyds Banking Group

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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.

33 Old Broad Street, London EC2N 1HZ (next to Tower 42 and opposite the British Bankers' Association and others)

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

External

Contacts

London HQs: 25 Gresham Street, London EC2V 7HN; 33 Old Broad Street London EC2N 1HZ
http://www.lloydsbankinggroup.com

References