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OCR Level 2 Cert (Business) 8 Assessment Objectives. Unit 1 Investigating
Business Introduction Unit 1 Investigating business has ...
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Submitted by apollo02blue on November 27, 2005
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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 Londons 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 1990s, Lloyds Bank had offices in 30 countries, from Argentina to the USA.
On August 1st 1995, Cheltenham & Gloucester (C&G) joined the Lloyds Bank group. Later the same year, on the 28th of December, Lloyds Bank group merged with TSB group to form Lloyds TSB group PLC. In September 1996, Lloyds Abbey Life became a wholly-owned subsidiary of Lloyds TSB group.
Unit 1 Investigating Business
Assessment Objective 1
Business Aims These are what a business sets out to achieve. They are quite...
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