- published: 02 Feb 2015
- views: 875
Lloyds Banking Group plc (LSE: LLOY, NYSE: LYG) is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at April 2012, HM Treasury held a 41% shareholding through UK Financial Investments Limited. The Group headquarters is located at 25 Gresham Street in the City of London, with its registered office on The Mound in Edinburgh. Lloyds Banking Group's activities are organised into four business divisions: Retail Banking (including Mortgages), Wholesale, Life, Pensions & Insurance, and Wealth & International. Lloyds' extensive operations span the globe including the US, Europe, Middle East and Asia.
Following the takeover, the HBOS name ceased to be used publicly. The Halifax brand, products and pricing has been discontinued in Scotland, where only the Bank of Scotland brand remains of the former HBOS businesses. This resulted in a number of Halifax customers being transferred to Bank of Scotland. The Halifax and Lloyds Bank brands will be used in England and Wales, with each offering different products and pricing. In his first interview as Lloyds Banking Group's new CEO António Mota de Sousa Horta Osório told The Banker that "We will keep the different brands because the customers are very different in terms of attitude".