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Lloyds Banking Group PLC, also called Lloyds Banking Group, is a financial services company, which provides a wide range of banking and financial services. It operates through the following segments: Retail, Commercial Banking and Insurance & Wealth. Read More The Retail segment offers broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal and small business customers. The Commercial Banking segment provides a range of products and services such as lending, transactional banking, working capital management, risk management and debt capital markets services to SMEs, corporates and financial institutions. The Insurance & Wealth segment includes insurance, investment and wealth management products and services. The company was founded by George Truett Tate on October 21, 1985 and is headquartered in London, the United Kingdom.
London, Greater London
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UPDATE 1-Lloyds Bank CEO asked to explain pension perks to parliament
(Adds Lloyds comment) LONDON, May 23 (Reuters) - Lloyds Banking Group Chief Executive Antonio Horta-Osorio has been asked to explain in parliament the pension contributions paid to the lender’s executives. Earlier this month senior lawmakers accused executives at Britain’s biggest domestic lender of “boundless greed” for failing to give up generous pension perks that eclipse those offered to its broader workforce. Horta-Osorio has already waived part of the bank’s contributions to his pension pot this ye...
Yahoo FinanceMay 20
Is Lloyds Banking Group a Good Value Investor Pick?
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Lloyds Banking Group LYG stock into this equation and find out if it i...
Lloyds boss says Scottish bank branches 'here for decades'
Image copyright Getty Images The boss of Lloyds Bank in Scotland has predicted traditional branches will still be around in 30 or 40 years, as he announced a digital expansion. Philip Grant said the banking group was creating 500 high-skilled tech jobs in Edinburgh because customers wanted more access to financial services online. Mr Grant said he understood concerns about branch closures. But he said Lloyds was committed to maintaining face-to-face services for vulnerable and other customers. The bank...
Expected May 30, Pre-Market