Lloyds Banking Group
British financial institution
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2019 | Deadline for implementing the separation of banking services as mandated by the Financial Services (Banking Reform) Act. |
2018 | Traders were reported to be physically separated from colleagues and placed in a 'glass box' to comply with regulatory rules. |
2017 | Lloyds Bank Corporate Markets (LBCM) was created to comply with the Banking Reform Act, establishing a distinct investment banking arm within Lloyds Banking Group. |
September 28 2016 | Lloyds Bank Corporate Markets plc (LBCM) was officially incorporated as the investment banking arm of Lloyds Banking Group, created to comply with the Banking Reform Act. |
2013 | The Financial Services (Banking Reform) Act was passed, requiring separation of essential banking services from investment banking activities by 2019. |
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