Answer: Lloyds Banking Group
Lloyds Banking Group plc is a British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited. The Group headquarters are located at 25 Gresham Street in London, with its registered office on The Mound, Edinburgh. Lloyds Banking Group's activities are organised into four business divisions: Retail Banking (incl. Mortgages), Wholesale, Insurance, and Wealth & International. Lloyds' extensive operations span the globe including the US, Europe, Middle East and Asia.
Lloyds TSB was formed in 1995 by the merger of Lloyds Bank and the Trustee Savings Bank. The company operated in England and Wales as Lloyds TSB Bank plc and in Scotland as Lloyds TSB Scotland plc. Its other subsidiaries included the mortgage bank Cheltenham and Gloucester, life assurance company Scottish Widows, finance house Black Horse and private equity investor Lloyds Development Capital.
Following the approval of both the Lloyds TSB and HBOS shareholders, the takeover was completed on 19 January 2009. The HBOS name ceased to be used publicly, although it will still exist as an employing entity. The Bank of Scotland brand will remain in Scotland while the Halifax and Lloyds TSB brands will be retained in England & Wales and will each offer different products and pricing.
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