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The new bank began operating on 9 September 2013 as a separate division within Lloyds Banking Group. [41] TSB was floated on the London Stock Exchange on 20 June 2014, [42] and was acquired by Banco Sabadell one year later and subsequently delisted. [43] The remaining business of Lloyds TSB returned to the Lloyds Bank name on 23 September 2013 ...
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. [4]
Lloyds TSB Offshore was formed in Jersey in 2004, with branches in Guernsey and the Isle of Man. In 2013, Lloyds TSB Offshore, incorporating the former Bank of Scotland International, was renamed Lloyds Bank International. At the same time, Lloyds TSB Bank (Gibraltar), which also traded as Lloyds Bank International, became Lloyds Bank (Gibraltar).
The Trustee Savings Bank (TSB) was a British financial institution that operated between 1810 and 1995 when it was merged with Lloyds Bank.Trustee savings banks originated to accept savings deposits from those with moderate means.
Online only Tandem Bank: 2015 London, England 0.5 [15] Online only The Co-operative Bank: 1872 Manchester, England 25.5 [16] 3,350 50 TSB Bank: 1810 (reestablished 2013) Edinburgh, Scotland: 47.7 [17] 5,426 212 Virgin Money UK: 2015 Glasgow, Scotland: 91.7 7,166 91
The Lloyds TSB board stated that merchant banks Merrill Lynch and Morgan Stanley were among the advisers recommending the takeover. [5] Lloyds Banking Group said Edinburgh-based HBOS, which it had absorbed in January, made a pre-tax loss of £10.8 billion in 2008.