Lloyds TSB Logo – Lloyds TSB is a British bank and one of the world’s largest banking groups. On September 17th of 2008 Lloyds announced it had reached a merger agreement with the bank HBOS (Halifax Bank of Scotland), prompted by the sharp depreciation of the bank because the mortgage crisis subprime or trash. This merger will create a banking giant retailer, with a third of British mortgages.
In January 2009 was created Lloyds Banking Group, a company that brings together all the businesses of the group after its acquisition of HBOS. Shortly after HBOS announced a loss of 12,250 million (11,000 million pounds), much higher than expected, endangering himself Lloyds. This forced the British government to give more support to the bank to increase its stake from 43 to 65%. On 6 March the British government confirmed the acquisition of 65% of the shares of the company, assuming the cost of the bonds less certain of the company, estimated at 360,000 million dollars. Such a situation would mean in the short term the full nationalization of Lloyds RBS.