Lloyds Banking Group Plc American Depositary Shares (LYG) Company Bio
Lloyds Banking Group plc provides banking and financial services to individual and business customers in the United Kingdom and internationally. The company was founded in 1695 and is based in London, the United Kingdom.
Also, a whole £10m is going into supply chain ESG improvements, an ethical specialist consultant is being drafted in to do some Powerpoints about the internal audit structures and there’s a promise to appoint two more Noddies. Well there we go.
of Lloyds Banking Group, arrived in 2011 with one job to do. The bank was recovering from the traumatic events of the financial crisis, when it had been tempted into the disastrous acquisition of its UK rival, Halifax Bank of Scotland. Its losses eventually forced the British government to bail out Lloyds and take an equity stake in what was then — and still is — Britain’s biggest retail and small business lender.
António Horta-Osório, chief executive of Lloyds Banking Group, has been batting away questions about his future longer than many executives stay in their jobs. Despite the bank’s financial turnaround, however, Lloyds’ share price almost halved during his tenure, weighed down by low interest rates and more than £20bn of penalties and customer compensation for mis-selling payment protection insurance.
British finance minister Rishi Sunak will announce 3 billion pounds ($3.75 billion) of energy efficiency measures on Wednesday as part of a wider coronavirus stimulus aimed at boosting the economy. UK insurer Aviva has appointed Amanda Blanc as its new chief executive on Monday in an unexpected move that increases the prospect of a radical restructuring at one of Britain's biggest insurers. Lloyds Banking Group Chief Executive António Horta-Osório will step down next year after the arrival of a new chairman.