Lloyds TSB Group is fourth biggest British clearing banks in the United Kingdom. It offers a broad variety of global banking and financial services. It has almost 3,000 branches throughout the United Kingdom, and its global business is conducted in 47 countries, with the United States, Canada, Japan, Australia, Brazil, and Egypt. Long considered an old-fashioned banking house, Lloyds has urbanized increasingly innovative since the early 1970s, often taking the lead among the Big Four clearing banks in offering new financial services and products and in developing an international presence. Merger of Lloyds and the TSB Group a deal that catapulted it to second largest bank in Britain.
Halifax Bank of Scotland (HBOS) was taken over by Lloyds TSB in a £12.2bn merger. The deal created a huge financial institution called Lloyds Banking Group, which includes some of the biggest names in High Street banking
[...] Lloyds TSB 2. HBOS 3. As a merged firm Lloyds Tsb Adapted from Porter (1985) Hbos Adapted from Porter (1985) Adapted from Porter (1985) Combined Value Chain Assumptions Combined sales and marketing will accelerate growth. Costs savings will be achieved by: Staff reductions Location reductions Enhanced balance of resources Falling supply costs Economies of scale Combined experience increased customer share Porter's five forces analysis: To find out how the external factors impact on Lloyds business model and influence the five forces. [...]
[...] The Lloyds TSB banking group aims to reduce any kind of environment impacts The group is also a member of Carbon Disclosure Leadership Index and is also signatories of Equator Principles Both Lloyds TSB and HBOS plc have a good market reputation for controlling their impacts on the weather and environment. (Web Legal Factors: 1. A significant change in legislation was done by introducing the Human Rights Acts, to allow people to seek return in the courts here there is a been legislation passed by Chancellor Alistair Darling sayings that Bank of England has the power to secretly rescue banks that are in crisis situations and require immediate cash inflows (Web 10) 3. [...]
[...] The merger will bring two strongest retailers financial service together and accelerate Lloyds aim to build the best financial service group and have sustainable earning. The capital raising comprises a subscription by HM treasury of 2.6 billion news ordinary shares at 173.3 pence per share. Lloyds TSB shareholders will be given the opportunity to claw back their entitlement to this news Lloyds TSB shares through an open offer, the preference share will have annual coupon of 12% and will be capable after a period of five years. [...]
[...] Their investments include Lloyds TSB foundation, HBOS foundation, sponsorship and financial inclusion. Helping customers facing difficulty, widening their financial inclusion and delivering their substantial community participation are some of the groups CSR responsibilities. Lloyds TSB and HBOS group together combined are the biggest providers of social bank accounts having a market share of 4 million pounds. (Web Identification of: Lloyd's TSB Competitive Position Major Bank Revenue Subsidiaries 1. Lloyds TSB: 17.5 bn (2008) Lloyds TSB, HBOS (Halifax and Bank of Scotland), Intelligent Finance, Sainsbury bank) Cheltenham & Gloucester, Birmingham Midshires 2. [...]
[...] Lloyd TSB itself comprises on 62% women in their organization. The companies' ability to deal effectively with need for flexibility strengthens to position itself as an employer of choice. Lloyd has excellent customer service to stay around the clock to stay competitive and offer excellent customer service. Their employee has flexible working hours. That makes them highly competitive. Achieving a healthy work life is important. Technological factors Technological factors play an important role in determining the external factors. The technology advancement is very sound and uses latest SQL servers and software. [...]
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