About Lloyds Banking (LLOY)

Company Description:

Lloyds Banking Group plc, a major British financial institution, is engaged in a wide range of banking and financial services, primarily in the UK. The company operates through three primary segments: Retail, Commercial Banking, and Insurance and Wealth.

Founded in 1765 by Sampson Lloyd and John Taylor in Birmingham, Lloyds Banking Group has grown to become one of the UK's leading financial services companies, with its headquarters in London, United Kingdom.

Main Product(s):

Lloyds Banking Group offers a broad spectrum of banking and financial services, including retail banking, commercial banking, and insurance and wealth management services.

Short History of Lloyds Banking Group plc:

1765 - Founded by Sampson Lloyd and John Taylor.

1995 - Merged with TSB Group.

2009 - Acquired HBOS, significantly expanding its market presence.

2013 - The UK government began selling its shareholding acquired during the financial crisis.

2017 - The UK government sold its remaining shares, returning Lloyds to full private ownership.

2020 - Responded to the COVID-19 pandemic with support measures for customers and businesses.

2023 - Continued to focus on digital banking services and sustainability initiatives.