Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four " clearing banks. It expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies.

In it merged with the Trustee Savings Bank and traded as "Lloyds TSB Bank plc" between and The bank is the principal subsidiary of Lloyds Banking Groupwhich was formed in January by the acquisition of HBOS by the then-Lloyds TSB Group.

The new business began operations on 9 September under the TSB brand. Lloyds TSB was subsequently renamed Lloyds Bank on 23 September Lloyds Bank is the largest retail bank in Britain, [7] and has an extensive network of branches and ATM in England and Wales as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa and offers hour telephone and online banking services.

It has its operational Headquarters in London and other offices in Wales and Scotland. It also operates a number of office complex, brand headquarters and data centres in Yorkshire including LeedsSheffield and Halifax. The origins of Lloyds Bank date fromwhen button maker John Taylor and Quaker iron producer and dealer Sampson Lloyd II set up a private banking business in Dale End, Birmingham.

The symbol adopted by Taylors and Lloyds was the beehive, representing industry and hard work. The black horse regardant device dates fromwhen Humphrey Stokes adopted it as sign for his shop. When Lloyds took over that bank init continued to trade "at the sign of the black horse".

The first report of the company in stated:. Eventually, this became absorbed into the original Lloyds Banking Company, which became Lloyds, Barnetts and Bosanquets Bank Ltd.

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Through a series of mergers, including Cunliffe, Brooks inthe Wilts. ByLloyds Bank had made some 50 takeovers, one of which was the last private firm to issue its own banknotes— Fox, Fowler and Company of Wellington, Somerset. Today, the Bank of England has a monopoly of banknote issue in England and Wales. Ina failed attempt at merger with Barclays and Martins Bank was deemed to be against the public interest by the Monopolies and Mergers Commission.

Barclays finally acquired Martins the following year. That same year it introduced Cashpointthe first online cash machine to use plastic cards with a magnetic stripe. Under the leadership of Sir Brian Pitman between andthe bank's business focus was narrowed and it reacted to disastrous lending to South American states by trimming its overseas businesses and seeking growth through mergers with other UK banks.

During this period, Pitman tried unsuccessfully to acquire The Royal Bank of Scotland inStandard Chartered in[15] and Midland Bank in Lloyds Bank International merged into Lloyds Bank insince there was no longer an advantage in operating separately. The new bank commenced trading inafter the statutory process of integration was completed. The combined business formed the largest bank in the UK by market share and the second-largest to Midland Bank now HSBC by market capitalisation.

Lloyds' iconic black horse device was retained and modified to reflect the TSB merger. Lloyds Abbey Life became a wholly owned subsidiary of the group inabsorbing Hill Samuel inbefore closing to new business in In OctoberLloyds TSB's credit rating was reduced by Moody's from Aa3 to A1. Lloyds TSB was the first Official Partner for the Summer Olympics in London.

After the rescue of HBOS, [29] Lloyds TSB Group was renamed Lloyds Banking Group. The European Commission ruled that the group must sell a portion of its business by Novemberas it categorised the stake purchase as state aid.

The new bank began operating on 9 September as a separate photograph sal the stockbroker within Lloyds Banking Group. In Octoberthe bank announced that it planned to cut 9, jobs and close some branches in light of an increase in the number of customers using online banking services.

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In Julythe bank announced it would cut 3, jobs because of the economic downturn as a result of United Kingdom European Union membership referendum. In Januarythe bank suffered interruptions to its online services originally blamed on "unspecified technical glitches". The bank offers a full range of banking and financial services, through a network of 1, branches in England and Wales.

The Lloyds Bank Foundation funds local, regional and national charities working to tackle disadvantage across England and Wales. The Bank's overseas expansion began in and, byit had banking and representative offices in 45 countries, from Argentina to the United States of America.

Lloyds Bank International was absorbed into the main business of Lloyds Bank in Sincethe name has been used to refer to the Bank's offshore banking operations. In November an investigation by the Financial Services Authority FSA highlighted a lack of compliance controls surrounding payment protection insurance PPI. A second investigation in October identified further evidence of poor compliance and major PPI providers including Lloyds were fined for not treating customers fairly.

In January a High Court case began which in the following April ruled against the banks, on 5 May Lloyds withdrew from the legal challenge. In March it was reported that Lloyds had been reducing the compensation they offered by using a regulatory provision called would you buy lloyds tsb shares redress" to assume that customers wrongly sold single-premium PPI policies would have bought a cheaper, regular premium PPI policy instead.

In December the British anti-poverty charity War on Want released a report documenting the extent to which the UK high street banks invest in, provide banking services for and lend to arms companies. The report stated that Lloyds TSB is the only high street bank whose corporate how to pick hot penny stocks responsibility policy does not mention the arms industryyet is that industry's second largest shareholder among high street banks.

Inthe BBC 's Panorama alleged that Lloyds TSB Offshore in Jersey, Channel Islands was encouraging wealthy customers to evade tax. An employee of Lloyds was filmed telling a customer how several mechanisms could be used to make their transactions invisible to the UK tax authorities.

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The Financial Conduct Authority said it was the largest fine that it or the former Financial Services Authority had imposed for retail conduct failings. The bonus scheme pressured staff to hit sales targets or risk being demoted and have their pay cut, the FCA said. Lloyds Bank has accepted the regulator's findings and apologised to its customers. Lloyds refused to issue credit cards to two over year olds with impeccable credit history on the basis that they were too old.

After Telegraph Money contacted Lloyds, the bank apologised and issued the cards.

In JulyU. From Wikipedia, the free encyclopedia.

Redirected from Lloyds TSB. Not to be confused with Lloyd's of LondonLloyd's ListLloyds Bank InternationalLloyd's Registeror Lloyd Banks. For no touch binary options strategy 60 seconds demo account business that was demerged intraining course forex educational TSB Bank United Kingdom.

For other uses, see Lloyds Bank disambiguation. Retrieved 10 September Retrieved 17 May Retrieved 2 May Jones, Tamlyn 29 June Retrieved 10 July Retrieved 22 September Retrieved 3 February Presented to Parliament in pursuance of section 9 of the Monopolies and Restrictive Practices Inquiry and Control Act as applied by section 6 5 of the Monopolies and Mergers Act London: The Association for Payment Clearing Services.

Archived from the original PDF on 28 January Retrieved 26 April Retrieved 29 March Retrieved 14 September Retrieved 9 October Retrieved 28 July DDoS is prime suspect".

Retrieved 24 January International Business Times UK. Retrieved 23 September Retrieved 5 November Archived 26 February at the Wayback Machine.

Retrieved 16 September UK high street banks' complicity in the arms trade" PDF. Retrieved 2 November Panorama on Lloyds offshore". Retrieved 11 December Retrieved 9 February Retrieved 23 December Lloyds Bank in the History of English Banking Oxford: Clarendon Press, Winton, J. Lloyds Bank — Oxford University Press, Jones, Geoffrey Lombard Street on the Riviera: British Clearing Banks and Europe — Business History, Vol. Lloyds Bank Lloyds Bank International Bank of Scotland Halifax Birmingham Midshires Bank of Wales St.

Lloyds Development Capital Agricultural Mortgage Corporation. Black Horse Lex Autolease Colleys. Scottish Widows Lloyds Bank General Insurance underwriter Lloyds Bank Insurance Services intermediary.

Bank of Scotland International Halifax Ireland Banco Halifax Hispania Intelligent Finance Clerical Medical British Linen Bank The Leeds Sainsbury's Bank.

Lloyds TSB Act HBOS Group Reorganisation Act Category Commons. Links to related articles. Commercial and retail banks in the United Kingdom. Banking in the United Kingdom. Barclays Bank Barclays Wealth. Clydesdale Bank Yorkshire Bank. Bank of Scotland Bank of Wales Birmingham Midshires Halifax Lloyds Bank. Drummonds Bank NatWest Royal Bank of Scotland Ulster Bank Isle of Man Bank.

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