Revival
After the 2008 rescue of HBOS, Lloyds TSB Group was renamed Lloyds Banking Group. In 2009, following the liquidity crisis, HM Government took a 43.4% stake in Lloyds Banking Group and it was subsequently announced that a standalone retail banking business of 600 branches, including the TSB brand, would be divested by the Group to comply with European Union state aid requirements. As a consequence, Lloyds TSB Bank will be rebranded as Lloyds Bank by the end of 2013.
Read more about this topic: Lloyds Bank
Famous quotes containing the word revival:
“I do not think a revival of business will be greatly postponed by [Samuel J.] Tilden’s election. Business prosperity does not, in my judgment, depend on government so much as men commonly think.”
—Rutherford Birchard Hayes (1822–1893)
“Mother goddesses are just as silly a notion as father gods. If a revival of the myths of these cults gives woman emotional satisfaction, it does so at the price of obscuring the real conditions of life. This is why they were invented in the first place.”
—Angela Carter (1940–1992)