Lloyds Banking Group Plc
Lloyds Banking Group Plc is a financial services company, which provides a wide range of banking and financial services, primarily in the United Kingdom to personal and corporate customers. The company operates through five segments: Retail, Wholesale, Commercial, Wealth and International and Insurance. The Retail segment offers a broad range of retail financial service products in the UK, including current accounts, savings, personal loans, credit cards and mortgages. It is also a major general insurance and bancassurance distributor, selling a wide range of long-term savings, investment and general insurance products. The Wholesale segment comprises wholesale banking and markets, wholesale business support unit and asset finance. The Commercial segment serves small and medium-sized enterprises and community organizations. It comprises commercial banking and commercial finance, the invoice discounting and factoring business. The Wealth and International segment was created to give increased focus and momentum to the group's private banking and asset management activities and to closely co-ordinate the management of its international businesses. Wealth comprises the group's private banking, wealth and asset management businesses in the UK and overseas. International comprises corporate, commercial, asset finance and retail businesses, principally in Australia and Continental Europe. The Insurance segment provides long-term savings, investment and protection products distributed through the bancassurance, intermediary and direct channels in the UK. It is also a distributor of home insurance in the UK with products sold through the retail branch network, direct channels and strategic corporate partners. The business consists of Life, Pensions and Investments UK; Life, Pensions and Investments Europe; and General Insurance. The company was founded on December 27, 1995 and is headquartered in London, the United Kingdom.