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The Aylesbury branch of Lloyds Bank, formerly the Bucks and Oxon Union Bank. On 13 October 2008, Prime Minister Gordon Brown announced a government plan for the Treasury to invest £37 billion (US$64 billion, €47 billion) of new capital into major UK banks—including Royal Bank of Scotland Group, Lloyds TSB and HBOS—to avert a collapse of the financial sector.
Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs 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 24-hour telephone and online banking services.
The share price of Lloyds Banking Group plunged 32% on the London Stock Exchange, carrying other bank shares with it. [30] In September 2012, Peter Cummings, the head of HBOS corporate banking from 2006 to 2008, was fined £500,000 by the UK financial regulator over his role in the bank's collapse.
This brought its shareholding down to 62.4%. In both cases, the government sold well below the average price of 499p per share it had paid, with the June 2018 transaction representing a loss of £2.1 billion to UK taxpayers. In March 2021 the UK government sold a further tranche of 590 million shares in NatWest at a price of 190.5p per share.
The coprolite was found in 1972 beneath the site of what was to become the branch of Lloyds Bank on Pavement in York, and may be the largest example of fossilised human faeces ( palaeofaeces) ever found, [1] measuring 20 centimetres (8 in) long and 5 centimetres (2 in) wide. Analysis of the stool has indicated that its producer subsisted ...
University of Cambridge. INSEAD. Title. CEO, Lloyds Banking Group. Term. August 2021-. Predecessor. António Horta-Osório. Charles Alan Nunn (born 1971) [2] is a British banker and former management consultant, and the chief executive (CEO) of Lloyds Banking Group since August 2021.
In May 2006, Blank became Chairman of Lloyds TSB which, in 2008, took over Halifax Bank of Scotland (HBOS) to become the U.K.'s largest retail bank. He was a member of the Financial Reporting Council from 2002 to 2007, and a member of the Council of Oxford University from 2000 to 2007. He was appointed a senior adviser to US private equity ...
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