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Unit 1 Investigating Business
Introduction
Unit 1 Investigating business has asked me to use internet resources and business books to investigate and define key points in all points of business.
At the moment in Unit 1 we are studying the biggest bank in the UK, Lloyds TSB provides a wide range of competitive products and services for the UK and international markets. Services like:
? Insurance ranging from home insurance to life insurance
? Mortgages
? Loans and loan protection
? Banking
? Business accounts
History of Lloyds TSB group PLC
The origins of Lloyds TSB bank stretch back to 1765, when John Taylor and Sampson Lloyd set up a private banking business in Birmingham, England. Two sons of the original partners followed in their footsteps by establishing a bank ? Barnett Houres Hanbury and Lloyd ? in London's Lombard Street. Eventually, this became absorbed into the Lloyds Banking company.
Over the years, Lloyds Bank expanded through a series of mergers, including the Wilts and Dorset Bank in 1914 and the Capitol and Counties Bank in 1918. By 1923, Lloyds Bank had made some fifty takeovers, one of which was the last private firm to issue its own bank notes ? Fox, Fowler and Co. of Wellington, Somerset. By the early 1990's, Lloyds Bank had offices in 30 countries, from Argentina to the USA.
On Au ...