Lloyds Banking Group was established in 2009 after HBOS and Lloyds TSB merged their assets. On its part, HBOS was formed in 2001 after Halifax PLC acquired the Bank of Scotland. Lloyds TSB, on the other hand, is a product of the merging of assets by Lloyds Bank and Trustee Savings Bank (TSB) in 1995. The formation of Lloyds Banking Group, therefore, has a rich history of mergers and acquisitions. Notably, the company is made of four major companies established in the 19th century or earlier. They are Halifax (established in 1852), Bank of Scotland (established in 1695), TSB (established in 1810), and Lloyds Bank (established in 1765). Along the way, other mergers, and acquisitions include Lloyds Bank International in 1986 and Scottish Widows in 2000.
Currently, Lloyds Banking Group operates worldwide in the Banking and Financial Services Industries. The company has its operational headquarters in London, England. Specifically, the company offers retail banking services, commercial and private banking services, general and life insurance, investment banking, and pension schemes. The company’s shares trade on the New Stock Exchange and London Stock Exchange.