April 18, 2014 6:41 AM ET

Banks

Company Overview of Lloyds Bank plc

Company Overview

Lloyds Bank plc provides a range of banking and financial services in the United Kingdom and internationally. The company’s personal banking products include current and savings accounts, investment products, credit cards, and investment products; car, home improvement, and debt consolidation loans; mortgages; home, car, travel, mobile, and life and critical illness insurance products; and travel products and services. Its business banking products comprise start-ups and switchers business accounts, Islamic business accounts, education and credit union accounts, clients’ call and designated client’s accounts, and private banking accounts, as well as club, charity, and society accounts; busin...

25 Gresham Street

London,  EC2V 7HN

United Kingdom

Founded in 1765

97,869 Employees

Phone:

44 20 7626 1500

Fax:

44 20 7356 1038

Key Executives for Lloyds Bank plc

Group Chief Executive and Executive Director
Age: 49
Group Finance Director and Executive Director
Age: 50
Chief Executive of Commercial Banking
Head of Shipping
Head of Consumer
Compensation as of Fiscal Year 2013.

Lloyds Bank plc Key Developments

FDIC Launches LIBOR Suit on Behalf of 38 Failed Banks

The FDIC filed a lawsuit against several of the banks and the British Banker's Association, accusing them of 'systematic' LIBOR manipulation and suppression. The agency seeks to recover the 'substantial losses' 38 failed banks sustained as a result of the defendants' alleged wrongful conduct. The list of plaintiffs in a March 14 complaint filed with the U.S. District Court for the Southern District of New York includes 38 failed banks. The FDIC as receiver for the closed banks seeks to recover the 'substantial losses' these institutions sustained as a result of the defendants' 'wrongful conduct.' The complaint states that the British Bankers' Association touted LIBOR as a simple, transparent benchmark calculated from competitive interest rates in the market for unsecured interbank loans. However, the FDIC alleges that during August 2007 to at least mid-2011, the bank defendants 'fraudulently and collusively suppressed USD LIBOR' to their own advantage. The FDIC claims that the BBA participated in the scheme to protect the revenue stream it generated from selling LIBOR licenses, and to appease the bank defendants who were on the LIBOR panel and were members of the BBA. Among the U.S.-based bank defendants named in the case is Bank of America Corp. and subsidiaries including Bank of America NA and Merrill Lynch & Co. Inc. The complaint also names Citigroup Inc. and subsidiaries Citibank NA and Citigroup Financial Products Inc., as well as JPMorgan Chase & Co. and several subsidiaries, including JPMorgan Chase Bank NA and Bear Stearns Capital Markets Inc. Europe-based defendants include Barclays Plc, Rabobank Nederland, Credit Suisse Group AG, Deutsche Bank AG, Portigon AG, WestLB AG, Royal Bank of Scotland Group Plc, Société Générale SA and UBS AG. HSBC Holdings Plc, U.S.-based unit HSBC Bank USA NA and Hong Kong-based subsidiary Hongkong & Shanghai Banking Corp. Ltd. are also on the list of defendants, as are Lloyds Banking Group Plc, Lloyds TSB Bank Plc and HBOS Plc. Canada's Royal Bank of Canada is named as a defendant. Defendants based in Asia include Norinchukin Bank and Bank of Tokyo-Mitsubishi UFJ Ltd. The FDIC is seeking full damages for all the economic, monetary, actual, consequential and compensatory damages that the closed banks suffered as a result of the defendants' wrongful conduct.

Lloyds Bank plc Presents at The 1st Annual Investors' Conference on European CLOs and Leveraged Loans, Feb-25-2014 03:20 PM

Lloyds Bank plc Presents at The 1st Annual Investors' Conference on European CLOs and Leveraged Loans, Feb-25-2014 03:20 PM. Venue: Clifford Chance LLP, 10 Upper Bank Street Canary Wharf, London, United Kingdom. Speakers: Dushy Puvan.

Lloyds Bank Plc Prices EUR 1.00 Billion Bond

Lloyds Bank Plc on Oct. 7, 2013 priced a EUR 1.00 billion bond. The bond, with a reoffer price of EUR 99.929, pays a coupon of 1.875%. It matures Oct. 10, 2018, and has a spread of 63 basis points.

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