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A number of phishing email scams have been engineered in 2015, 2016, 2017, and 2018 into making the recipient believe that they are receiving an email from Lloyds Bank or Lloyds TSB. Though these emails have had nothing to do with the bank per se, they often are sent by official-looking email IDs with the bank's domain name. [ 68 ]
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Sainsbury's and Bank of Scotland (later a subsidiary of Lloyds Banking Group) formed the bank as a joint venture, and it received a full banking licence from the Bank of England in January 1997. It launched on 19 February 1997. On 8 May 2013, Sainsbury's announced it would buy the 50% share in the business owned by Lloyds Banking Group. [7]
The remainder of the Lloyds TSB business would be rebranded as Lloyds Bank. [63] Lloyds Banking Group reached a Heads of Terms agreement in July 2012 to sell the Verde branches to The Co-operative Bank for £750 million. [64] [65] The final transfer of TSB Bank plc to the new owner was due to be completed by late 2013.
Lloyds Bank was delisted from the London Stock Exchange and TSB Group was renamed Lloyds TSB Group in 1995, with former Lloyds Bank shareholders owning a 70% equity interest in the share capital, effected through a scheme of arrangement. The new bank commenced trading in 1999, after the statutory process of integration was completed. [7]
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