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Headquarters: London, UK Founded: January 16, 2009 Founder: Winfried Bischoff Website: www.lloydsbankinggroup.com Regulator: www.fca.org.uk Company reference number: 485470 Registered office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland number 95000.
Lloyds Banking Group plc — is a major British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. The Group's history stems from the founding in 1695 by the Parliament of Scotland of the Bank of Scotland, which is the second oldest bank in the United Kingdom. The Group's headquarters is located at 25 Gresham Street in the City of London and its registered office is on The Mound in Edinburgh. Lloyds Banking Group's activities are organised into: Retail Banking (including Mortgages and Sole Traders); Commercial; Life, Pensions & Insurance; and Wealth & International. Lloyds' has extensive overseas operations in the US, Europe, the Middle East and Asia.
Following the takeover, the Group stopped using the name HBOS publicly. The Halifax brand, products and pricing were discontinued in Scotland until reestablished in 2013. The Halifax and Lloyds Bank brands are used in England and Wales and the Bank of Scotland brand is used in Scotland, each offering different products and pricing. Lloyds Banking Group's CEO António Horta-Osório told The Banker, "We will keep the different brands because the customers are very different in terms of attitude".
Lloyds Banking Group is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately GB£57.7billion as of 4 March 2014—the 7th-largest of any LSE company. It has a secondary listing on the New York Stock Exchange, where it has a market capitalisation value of US$34.45 billion.
Divisions and subsidiaries
- Retail headed up by David Oldfield is the face of Lloyds Banking Group, on the high street, on the phone and online. With 30 million customers in total, they are the UK's largest retail bank. The division focuses on Lloyds Bank in England and Wales and Bank of Scotland in Scotland, providing a full range of banking and financial services to some 15 million personal customers through over 1,500 branches across the UK.
Halifax also provides a full range of banking and financial services to some 15 million personal customers through c.700 branches across England, Wales, Scotland and Northern Ireland. Lloyd's is the largest employer in the metropolitan borough of Calderdale, West Yorkshire, where it has its Halifax subsidiary headquarters, major offices and its central data centre.
Other units include Birmingham Midshires, a mortgage and savings brand, and Intelligent Finance.
- Commercial Banking. This division, headed by Andrew Bester, Group Executive Director, provides banking and related services for Small & Medium-sized Enterprises (SMEs), mid-market companies, major UK and multinational corporate and financial institutions.
- Consumer Finance, led by António Lorenzo, Group Director, is made up of three different businesses: Asset Finance, Cards and European Online Deposits.
- Insurance. The Insurance division, led by Antonio Lorenzo, Group Director, is one of the UK's largest insurers and provides long-term savings, protection and investment products and general insurance products to customers in the UK and Europe. Scottish Widows is the Group's specialist provider of life assurance, pensions and investment products, distributed through the Lloyds Banking Group branch network, through independent financial advisers and directly via the telephone and Internet. Insurance and Investments also includes general insurance underwriting and broking (home, creditor, motor, travel, pet).
- Lloyds Bank Commercial Banking
- Lloyds Securities (USA Branch)
- Corporate Banking, Financial Markets, Capital Markets
- Bank of Scotland Commercial
- Lloyds Bank Commercial Finance
Important legal information
Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Authorisation can be checked on the Financial Services Register at www.fca.org.ukVisit the Financial Conduct Authority website.
Eligible deposits with us are protected by the Financial Services Compensation Scheme. We are covered by the Financial Ombudsman Service. Please note that due to FSCS and FOS eligibility criteria not all Mayfair Private Banking non-personal customers will be covered.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065.
PhoneBank® is a registered trademark of Lloyds Bank plc.
Lloyds Bank Corporate Markets Plc
Status: Authorised (Reference number: 763256)
Type - Regulated
Companies House Number This is a unique number given to a UK company or limited liability partnership
Current status - Authorised A firm that is given permission to provide regulated products and services.
Status Effective Date This is the date from which the Current Status has applied.
Tied Agent A tied agent can act on behalf of another firm or individual (its principal) that is regulated in another country in the European Economic Area (EEA).
Money Laundering Certain firms must protect themselves against money laundering and comply with the Money Laundering Regulations 2017
Insurance Mediation A firm that offers or sells insurance products and services
Citigroup Inc. the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Franchise Strength & Strategy
Citi and its management team continue to make steady progress toward the successful execution of its strategy, which is to
Enhance its position as a leading global bank for both institutions and individuals, by building on its unique global network, deep emerging markets expertise, client relationships and product expertise;
Position Citi to seize the opportunities provided by current trends (globalization, digitization and urbanization) for the benefit of clients;
Further its commitment to responsible finance; and
Strengthen Citi's performance, including gaining market share with clients, making Citi more efficient and productive, and building upon its history of innovation.
In the first quarter of 2017, Citi reported net income of $4.1 billion, or $1.35 per diluted share, on revenues of $18.1 billion. This compared to net income of $3.5 billion, or $1.10 per diluted share, on revenues of $17.6 billion for the first quarter 2016.
Michael Corbat, Chief Executive Officer of Citi, said: "The momentum we saw across many of our businesses towards the end of last year carried into the first quarter, resulting in significantly better overall performance than a year ago. Revenues increased in both our consumer and institutional lines of business, most notably in areas where we have been investing, such as Equities, U.S. Cards and Mexico. We grew loans and deposits and achieved an efficiency ratio of just under 58%, an ROA of 91bps and a ROTCE ex-DTA of over 10%, showing good progress towards achieving our near-term financial targets.
"Through our earnings and the utilization of $800 million in Deferred Tax Assets, we generated $5.5 billion of total regulatory capital before returning $2.2 billion to our shareholders. Our CET Capital 1 ratio rose to 12.8%, and we could not be more committed to continuing to increase the capital we return to our shareholders."
Citigroup revenues of $18.1 billion in the first quarter 2017 increased 3%, driven by a 16% increase in ICG, as well as a 1% increase in GCB, partially offset by a 40% decrease in Corporate / Other due to the continued wind down of legacy assets. Excluding the impact of foreign exchange translation6, Citigroup revenues increased 4%.
Visit our Investor Relations page for more investor materials and information.
Capital Base and Liquidity
Citi is one of the best capitalized financial institutions in the world. Book value per share was $75.86 and tangible book value per share was $65.947, each at quarter end, representing a 6% and 5% increase respectively. At quarter end, Citigroup's Common Equity Tier 1 Capital ratio was 12.8%, up from 12.3% in the prior year period. Citigroup's Supplementary Leverage Ratio for the first quarter 2017 was 7.3%, down from 7.4% in the prior year period. During the first quarter 2017, Citigroup repurchased approximately 30 million common shares and returned a total of approximately $2.2 billion to common shareholders in the form of common share repurchases and dividends.
Citi's Value Proposition: A Mission of Enabling Growth and Progress
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank—an institution connecting millions of people across hundreds of countries and cities.
We protect people's savings and help them make the purchases—from everyday transactions to buying a home—that improve the quality of their lives. We advise people on how to invest for future needs, such as their children's education and their own retirement, and help them buy securities such as stocks and bonds.
We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works.
We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
Headquartered in Zurich, Switzerland, UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world.
UBS Group AG is the holding company of the UBS Group. Under Swiss company law, UBS Group AG is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors.
UBS is subject to, and in compliance with, all relevant Swiss legal and regulatory requirements regarding Corporate governance, in particular with all applicable laws, the SIX Swiss Exchange’s (SIX) Directive on Information Relating to Corporate Governance as well as the standards established in the Swiss Code of Best Practice for Corporate Governance, including the appendix on executive compensation. In addition, as a foreign company with shares listed on the New York Stock Exchange (NYSE), UBS is in compliance with all relevant corporate governance standards applicable to foreign listed companies.
UBS operates under a strict dual board structure, as mandated by Swiss banking law. The separation of responsibilities between the Board of Directors (BoD) and the Group Executive Board (GEB) is clearly defined in the Organization Regulations of UBS AG. The BoD decides on the strategy of the Group upon the recommendation of the Group CEO, and supervises and monitors the business, whereas the GEB, headed by the Group CEO, has executive management responsibility. The functions of Chairman of the BoD and Group CEO are assigned to two different people, thus ensuring a separation of power. This structure establishes checks and balances and preserves the institutional independence of the BoD from the day-to-day management of the firm, for which responsibility is delegated to the GEB under the leadership of the Group CEO. No member of one board maybe a member of the other.
Barclays is a British multinational bank and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.
Barclays is organised into four core businesses: Personal & Corporate (Personal Banking, Corporate Banking, Wealth & Investment Management), Barclaycard, Investment Banking and Africa.
Barclays traces its origins to a goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896 several banks in London and the English provinces, including Backhouse's Bank and Gurney's Bank, united as a joint-stock bank under the name Barclays and Co. Over the following decades Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008.
Barclays has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange.
According to a 2011 paper by Vitali et al., Barclays was the most powerful transnational corporation in terms of ownership and thus corporate control over global financial stability and market competition with AXA and State Street Corporation taking the 2nd and 3rd position, respectively.
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