1. Lloyds Tsb Block Gambling Winnings
2. Lloyds Bank Block Gambling
3. Can Lloyds Bank Block Gambling

Lloyds Banking Group PLC. BLOCK LISTING SIX MONTHLY RETURN. Information provided on this form must be typed or printed electronically and provided to an ris. (Note: Italicised terms have the same meaning as given in the Listing Rules.) Date: 1 July 2019. July 10, 2001 Posted: 1112 GMT. LONDON (CNN) - Banking group Lloyds TSB's $29 billion hostile takeover bid of Abbey National has been blocked by the British government.

TSB's future is up in the air after takeover talks between its Spanish owner Sabadell and rival BBVA collapsed.

The British bank, which has been passed from one owner to the next since it split from Lloyds Bank in 2014, finds itself on the block again as Sabadell said it wanted to focus on its home business in Spain.

But as Sabadell appointed Goldman Sachs to find a buyer for TSB, the next phase for the bank and its 5m customers was unclear as analysts said it was hard to imagine an obvious bidder.

James Daley, managing director of consumer rights site Fairer Finance, said: 'I don't think Sabadell was particularly good news for TSB.

'The report into the IT meltdown at TSB in 2018 pointed the blame pretty squarely at Sabadell.

'Former boss Paul Pester did a good job establishing TSB as a challenger bank and the IT disaster undermined all of that.

'When a bank is up for sale there's a risk and an opportunity – there's a chance for the new owner to really build on its core consumer values.

'But it would be a shame if TSB was swallowed up by a big bank and disappeared, or was bought by private equity because history tells us that impatient owners don't work out well. Another challenger like Virgin Money or Metro Bank could be a good buyer.'

But Benjie Creelan-Sandford, an analyst at Jefferies, said it was hard to see any major UK banks having either the inclination or the financial firepower to buy TSB.

Video: Pimco’s Balls Sees European Economy as ‘Pretty Stable’ (Bloomberg)

Discussions between Sabadell and BBVA were announced earlier this month, when the latter confirmed it was looking to make a bid for Sabadell.

Timeline: TSB

1810 First trustee savingsbank set up by a churchminister

Lloyds Tsb Block Gambling Winnings

1986 TSB floats on the stockmarket as part of Thatcher's privatisation push

1970s Individual trustee savingsbanks amalgamate into TSB Group

1995 Lender merges with Lloyds Bank to become Lloyds TSB

2014 Lloyds splits TSB into a separate bank

2015 TSB acquired by Spain's Sabadell

2018 Bungled technology shift causes an ITmeltdown

2020 Sabadell says it is looking at sale for TSB andhires Goldman Sachs

But in an announcement to the stock market yesterday, Sabadell said the courtship was over as the two sides had failed to reach an agreement on price.

The Spanish lender added that it would now 'analyse strategic alternatives for creating shareholder value with regard to the group's international assets, including TSB'.

This would most likely mean selling TSB, as appetite among investors for banks is weak and it would be tricky to float it on the stock market.

Since TSB, which started out as a collective of savings banks more than 200 years ago, listed on the stock market during Margaret Thatcher's privatisation era in the 1980s, it has been passed from pillar to post.

For almost two decades it was part of Lloyds, before being re-listed on the stock market when regulators forced a break-up of the bank following the financial crisis.

Less than a year later it was bought by Sabadell, which wanted to help TSB shake up the banking sector and end the dominance of high street lenders such as Natwest and Lloyds Bank.

But those hopes were dashed when it suffered a major IT meltdown in 2018, leaving thousands of customers locked out of their online accounts for weeks and leading it to be dubbed 'Totally Shambolic Bank'.

Though the British bank has tried to recover under the leadership of chief executive Debbie Crosbie, it booked a £65.5million loss in the first half of this year after setting aside £87.5million to cover loans expected to turn sour.

It is now planning to axe almost half its branches – 246 sites – over the next two years.

This will leave it with just 290 locations by the end of 2021.

Since its IT issue, TSB has invested heavily in online operations and encourages its 5m customers to use digital banking.

Sabadell said it plans to focus on its domestic market of Spain. Its shares plunged by 13.6 per cent in Madrid yesterday as investors registered their disappointment at the failure of a deal.

IMMEDIATE RELEASE

Money and Mental Health welcomes new plans for customer spending controls from more high street banks

04 January 2019

This week a number of major high street banks have revealed plans to give customers new more powers to control spending and manage their finances. Lloyds, Santander and Royal Bank of Scotland (RBS) have indicated that they will introduce new tools in 2019 to enable customers to block payment on certain types of spending, such as gambling or retail. This follows the introduction of similar measures by Monzo, Starling and Barclays last year.

The Money and Mental Health Policy Institute has been campaigning for financial firms to give customers more tools to control spending since 2017. In response to the new plans reported this week, Helen Undy, Director of Money and Mental Health, said: “These plans for new spending controls – if put in place – could help millions of people across the country to better manage their finances, and to avoid spending or gambling problems. In particular, it could make a big difference for people with mental health problems, who are more at risk of impulsive spending and compulsive behaviour.

“In the past year we’ve seen great progress on this issue, with banks such as Barclays, Monzo and Starling giving their customers more tools to control problem spending. We’re delighted to see this momentum continuing into 2019, and we urge Lloyds, Santander and RBS to act on these plans in the coming months.

“We also hope they will consider how they can make these tools harder to switch on and off, which will make them more effective for customers. That will help many more people across the UK to avoid the devastation that problem spending and gambling can bring.”

ENDS

To find about more the links between mental health problems and gambling visit: www.moneyandmentalhealth.org/gambling/

Contact:

For all media enquiries, please contact Brian Semple, Head of External Affairs, on 0207 848 1448 or brian.semple@moneyandmentalhealth.org

Notes to Editors

Lloyds Bank Block Gambling

About Money and Mental Health Policy Institute

Can Lloyds Bank Block Gambling

• The Money and Mental Health Policy Institute was set up by Martin Lewis in spring 2016, registered charity number 1166493.
• It conducts research and develops policies for essential services firms, regulators, the health service and government to help people with mental health problems protect themselves from financial difficulties and get out of debt.
• Martin Lewis OBE, Money Saving Expert, is an award-winning campaigning broadcaster, newspaper columnist and author. He founded MoneySavingExpert.com in 2003 for £100 and remains its full-time Editor-in- Chief. It is now the UK’s biggest money site, with more than 14 million monthly users. Martin has his own prime-time ITV programme – The Martin Lewis Money Show – and is resident expert on This Morning, Good Morning Britain and BBC Radio 5 Live’s Consumer Panel, among others.
• Helen Undy is a passionate mental health campaigner and became the Institute’s Director in 2018, having previously led the Institute’s impact and communications work.