This minimises disruption to our customers and ensures that we make the change in the most cost effective way possible."Īs part of the restructuring plan agreed with the European Commission in November 2009, the Group agreed to sell a standalone retail banking business with at least 600 branches, a 4.6% share of the personal current accounts market in the UK and up to approximately 19% of the Group’s mortgage assets. We are introducing the new brand on a phased basis over the course of the next few years. Graham Lindsay, managing director, customer experience, Lloyds Banking Group, said: "This is the first step in our planned journey to the new Lloyds Bank brand. The majority of the group’s other Lloyds TSB branded business units are expected to follow suit during 2012. Lloyds Bank Corporate Markets will be the first UK-based part of the group to operate under the new name and will start its rebranding process later this year. It also stated that the planned approach also ensures "that the move to the new brand is carried out in the most cost effective way possible" by fitting in with the normal cycle of investment in our brands. The group has previously confirmed that its branches in Scotland will operate solely under the Bank of Scotland name.Īccording to the banking group, "the transition to Lloyds Bank will be carried out in several stages over the next three years" in an attempt to minimise the possibility of any disruption to customers. There will be no change to Lloyds’ brands Halifax or Bank of Scotland, and no change to the Lloyds TSB marketing department. The change in branding was first mooted in November 2009 when the group announced it would be selling a standalone retail banking business including the TSB brand name as part of the restructuring plan agreed with the European Commission. To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.The finance group said that by the end of 2013 the majority of branches, products and services currently branded Lloyds TSB will operate under the Lloyds Bank brand. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
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We know they aren't worth a lot now and he's toying with the idea of selling them but doesn't have a clue how to go about it. *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:ġ. My hubby has 190 Lloyds TSB shares that he was given for his 12th birthday back in the early 90's (ahhhh).
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