Lloyds Banking Group's acquisition of HBOS

Lloyds Banking Group plc

25 Gresham Street
Type	Public limited company
Traded as	:  : LYG FTSE 100 Component
Industry	Banking Financial services
Founded	1995; 23 years ago (1995) (Lloyds TSB Group)
Headquarters	Edinburgh, Scotland, UK (Registered office) London, England, UK (Operational headquarters)
Area served	Worldwide
Key people	Lord Blackwell (Chairman) António Horta Osório (Group Chief Executive)
Products	Retail banking Commercial banking Private banking General insurance Life insurance Pensions Investment banking
Revenue	£34.237 billion (2017)
Operating income	£5.275 billion (2017)
Net income	£3.547 billion (2017)
Total assets	£812.109 billion (2017)
Total equity	£43.551 billion (2017)
Number of employees	75,000 (2017)
Subsidiaries	Lloyds Bank plc Bank of Scotland plc Scottish Widows Lloyds Development Capital Agricultural Mortgage Corporation Black Horse Lex Autolease
Website	www.lloydsbankinggroup.com
Footnotes / references

Lloyds Banking Group plc is a major British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. The Group's history stems from the founding in 1695 by the Parliament of Scotland of the Bank of Scotland, which is the second oldest bank in the United Kingdom. The Group's headquarters is located at 25 Gresham Street in the City of London and its registered office is on The Mound in Edinburgh. Lloyds Banking Group's activities are organised into: Retail Banking (including Mortgages and Sole Traders); Commercial; Life, Pensions & Insurance; and Wealth & International. Lloyds' has extensive overseas operations in the US, Europe, the Middle East and Asia.

Following the takeover, the Group stopped using the name HBOS publicly. The Halifax brand, products and pricing were discontinued in Scotland until reestablished in 2013. The Halifax and Lloyds Bank brands are used in England and Wales and the Bank of Scotland brand is used in Scotland, each offering different products and pricing. Lloyds Banking Group's CEO António Horta-Osório told The Banker, "We will keep the different brands because the customers are very different in terms of attitude".

Lloyds Banking Group is listed on the (LSE) and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately GB£57.7billion as of 4 March 2014—the 7th-largest of any LSE company. It has a secondary listing on the , where it has a market capitalisation value of US$34.45 billion.