Lloyds Bank

Also found in: Wikipedia.

Lloyds Bank


one of the most powerful joint-stock commercial banks of Great Britain. It is part of the Big Four, which up until 1968 was the Big Five.

Lloyds Bank was founded in Birmingham in 1765 under the name of Taylor and Lloyd. In 1889 it was renamed Lloyds Bank. In its existence it has absorbed more than 50 banks. Lloyds Bank heads a group of subsidiary banks and finance companies both within the country and abroad, including Lewis’s Bank, Lloyds Bank Property Company, and Lloyds Associated Air Leasing. It is involved in the capital affairs of a number of large banks and finance companies. Directly and through partial ownership, Lloyds Bank is associated with the metallurgical and machine-building industry (particularly automobile and airplane construction), sectors of the petroleum refining industry, and steamship companies. Through its subsidiary Lewis’s Bank, Lloyds Bank controls a network of the country’s largest department stores. In 1970–71, Lloyds Bank Europe (owned by Lloyds Bank) was merged with the Bank of London and South America (in which Lloyds Bank owned approximately 25 percent of the capital) to form a large international bank, Lloyds and Bolsa International Bank (since 1974, Lloyds Bank International). Lloyds Bank obtained the controlling share of stocks in this bank and thus gained access to both Western European and Latin American countries.

Lloyds Bank conducts all forms of banking operations. It maintains correspondence relations with the major banks of practically all countries, including socialist states. In 1972 it had approximately 2,500 branches throughout Great Britain. The balance sum of Lloyds Bank as of Jan. 1, 1973, was £3,070 million, with capital and reserves of £308 million and total deposits and current accounts of £2,734 million.


References in periodicals archive ?
LLOYDS Banking Group which operates the Halifax, Lloyds Bank and Bank of Scotland brands is to close two more of its branches in Wales.
Lloyds Bank Commercial Banking (LSE: LLOY) (NYSE: LYG) has said that it has appointed David Weatherhead as its new SME head of trade for its Global Transaction Banking (GTB) division, an online report said.
A LLOYDS Bank branch in Birmingham city centre will shut this summer as part of a round of closures.
Lloyds Banking Group plc has commenced a tender offer to purchase for cash any and all of certain series of outstanding perpetual notes issued by Lloyds Bank plc and Bank of Scotland plc (formerly The Governor and Company of the Bank of Scotland), the company said.
PAB Coventry bought a second laser cutting machine with the support of a PS390,000 funding package from Lloyds Bank.
TIME is running out for anyone who wants to take part in this year's Lloyds Bank Cardiff Half Marathon.
ENTREPRENEURS Trevor Graham and Emma Taylor from County Durham have created 46 jobs and have expanded their garden centre's restaurant with the support of funding from Lloyds Bank Commercial Banking.
Pudsey bear attended the event and we raised PS1,195 which will be matched by Lloyds Bank.
A sport nutrition firm established by an Olympic sprinter, which supplies Bristol City and Bristol Rugby, has landed a contract with a national retailer following support from Lloyds Bank.
LLOYDS Bank has unveiled two key new senior appointments to bolster its Midlands operation.
Lloyds Banking Group has this week introduced Talking ATMs across Lloyds Bank, Halifax and Bank of Scotland to make it easier for blind and partially sighted customers to withdraw cash and check balances.
Under the agreement, Lloyds will sell to Sabadell its Spanish retail and private banking business and the local investment management business, including Lloyds Bank International SAU and Lloyds Investment Espana SGIIC SAU, in exchange for 53.