Lloyds Banking Group

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  • 59.42p
  • 0.56p (0.95%)


Lloyds share price: Lender’s boss gives up salary pension perk

Lloyds boss gives up salary pension perk

Move follows employee backlash

4 hours ago


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About Lloyds Banking Group

     Lloyds Banking Group is a holding company and a major British financial institution with more than 30 million customers in the UK. Formed by the 2009 acquisition of HBOS by Lloyds TBS, it is one of the Big Four banks in UK. It provides a wide range of banking services, with a focus on retail and commercial banking. The group has three subsidiaries - Lloyds TSB Bank plc, TSB Bank plc and Bank of Scotland plc.

     The group is headquartered in London and has a listing on the London Stock Exchange. It is a constituent of the FTSE 100 Index and the 11th-largest of any LSE company by market capitalisation. The bank has a secondary listing on the New York Stock Exchange.

     Currently the UK government owns a substantial stake in the bank as a result of a bailout to keep the bank afloat following the financial crisis in 2009. On September 17, 2013 the government made the first step towards the reprivatisation of the bank, selling six percent of its 38.7 stake in the group for £3.2 billion.

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