In 1995 Lloyds TSB Bank Plc was formed out of the merger of the
TSB (Trustee Savings Bank) and Lloyds Bank. However, Lloyds TSB
acquired HBOS in 2009 and has renamed itself as Lloyds Banking
Group.
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lloyds tsb bank
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Lloyds TSB was created in 1995 through the merger of Lloyds Bank and the Trustee Savings Bank (TSB).
Solo Savings Bank received an initial deposit of 6000 It kept a percentage of this money in reserve based on the reserve rate and loaned out the rest The amount it loaned out was eventually all dep