Lloyds Banking Group
British financial institution
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2025 | Lloyds secured a £99 million contract to provide banking services for HM Revenue & Customs (HMRC), replacing Barclays. |
February 2025 | Lloyds Banking Group increased provisions for the car finance mis-selling scandal to £1.2bn, potentially facing compensation claims following a court ruling in October 2024. |
2021 | Sir António Horta-Osório concluded his tenure as Chief Executive of Lloyds Banking Group after a decade-long leadership period. |
August 2021 | Charlie Nunn became the Chief Executive of Lloyds Banking Group, assuming the top executive role in the organization. |
January 2021 | Robin Budenberg appointed as Chairman of Lloyds Banking Group, taking leadership of the organization's board. |
2020 | Lord Blackwell's tenure as chairman of Lloyds Banking Group ends. |
2019 | Deadline for implementing the separation of banking services as mandated by the Financial Services (Banking Reform) Act. |
January 2019 | Lloyds Banking Group was criticized by Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy Committee, for changes to its overdraft fees policy that were seen as contrary to the spirit of FCA recommendations and likely to increase charges for most customers. |
2018 | Traders were reported to be physically separated from colleagues and placed in a 'glass box' to comply with regulatory rules. |
2017 | Lloyds Bank Corporate Markets (LBCM) was created to comply with the Banking Reform Act, establishing a distinct investment banking arm within Lloyds Banking Group. |
March 17 2017 | The British government confirmed the complete sale of its remaining shares in Lloyds Banking Group. |
September 28 2016 | Lloyds Bank Corporate Markets plc (LBCM) was officially incorporated as the investment banking arm of Lloyds Banking Group, created to comply with the Banking Reform Act. |
2014 | Lord Blackwell becomes chairman of Lloyds Banking Group, succeeding Sir Winfried Bischoff. |
March 26 2014 | The UK government sold an additional 7.8% of Lloyds shares at 75.5p, raising £4.2 billion and further reducing its stake to 24.9%. |
2013 | The Financial Services (Banking Reform) Act was passed, requiring separation of essential banking services from investment banking activities by 2019. |
September 17 2013 | The UK government sold 6% of its Lloyds shares at 75p, raising £3.2 billion and reducing its stake to 32.7%. |
April 2013 | Lloyds sold its loss-making Spanish retail operation (Banco Halifax Hispania) to Banco de Sabadell, receiving a 1.8% stake worth about €84 million. |
2011 | António Horta-Osório succeeded Eric Daniels as Chief Executive of Lloyds Banking Group, taking over leadership of the organization. |
February 11 2010 | Lloyds sold its 70% stake in insurance company Esure to Esure Group Holdings for approximately £185 million. |
This contents of the box above is based on material from the Wikipedia articles Lloyds Banking Group & Lloyds Bank Corporate Markets, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.