Cheltenham & Gloucester
Financial Services Company
EU approves Lloyds plan to offload branches...accounts market and about 19 per cent of the bank's mortgage assets. Parts of Lloyds to be sold within four years include the TSB and Cheltenham & Gloucester brands, Lloyds TSB's branches in Scotland and some additional Lloyds TSB... In this article: Lloyds TSB, European Union, UK, Balance sheet, Cheltenham & Gloucester, Intelligent Finance, and England |
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Times Online | November 03, 2009
Analysis: What RBS and Lloyds will sell
...company in North America. - Lloyds will sell at least 600 branches, comprising 185 Lloyds TSB Scotland sites, 164 Cheltenham & Gloucester branches and 240 Lloyds TBS branches in England and Wales. - The sale is equal to 20 per cent...
In this article: Lloyds, Royal Bank of Scotland, Green Flag, Privilege, Direct Line, Intelligent Finance, and England
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scotsman.com - Business | November 18, 2009
Sell-off of Lloyds TSB branches approved
...accounts market and around 19% of the bank's mortgage assets. Parts of Lloyds to be sold within four years include the TSB brand, and Cheltenham & Gloucester, Lloyds TSB's branches in Scotland and some additional Lloyds TSB branches in...
In this article: Lloyds TSB, Intelligent Finance, HBOS, UK, England, and Wales
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Independent.co.uk - Business | November 03, 2009
Lloyds to stage GBP13.5bn rights issue
...the group's mortgage assets. Under the plan, Lloyds will dispose of the branches and business of Cheltenham & Gloucester and Lloyds TSB Scotland, as well as additional Lloyds TSB branches in England and Wales. The TSB brand and internet...
In this article: Lloyds TSB, Bad debt, Intelligent Finance, HBOS, Brussels, and England
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Q&A: What the RBS break-up will mean for your account
...commodity trading business. Lloyds is selling its Lloyds TSB branches in Scotland and a number of branches in England and Wales, online bank Intelligent Finance and its Cheltenham & Gloucester mortgage arm. What does this mean for...
In this article: RBS, Lloyds TSB, Debit card, Credit crunch, Privilege, Direct Line, Intelligent Finance, England, and Wales
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BBC News | November 03, 2009
At the sharp end
...in Scotland, and a number of insurance businesses. Lloyds will sell at least 600 branches, its mortgage business Cheltenham & Gloucester, and the Intelligent Finance online brand. One woman who works for Direct Line told me there was...
In this article: Royal Bank of Scotland, Direct Line, Porsche Boxster, Intelligent Finance, Lloyds, Glasgow, England, Wales, and Scotland
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A new Scottish bank would benefit Scotland - Salmond
...as the price of state support. And the Lloyds Banking Group will offload its Lloyds branches in Scotland, its Cheltenham and Gloucester branches, and the Intelligent Finance online business. The details were revealed on Tuesday,...
In this article: Alex Salmond, Scotland, Royal Bank of Scotland, Lloyds, Liberal Democrat, Direct Line, Mervyn King, and Glasgow
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Sydney Morning Herald - World | November 03, 2009
Britain outlines break-up plans for RBS, Lloyds
...parts of its investment banking arm. Lloyds Banking Group added that it would offload its Lloyds branches in Scotland, its Cheltenham & Gloucester branches, and the Intelligent Finance online business. The Treasury added that it had reached...
In this article: Royal Bank of Scotland, Lloyds, Britain, EU, Direct Line, and Intelligent Finance
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CNN | November 03, 2009
2 British banks in major shake-up
...will step up. Lloyds said it would sell 600 of its retail branches, with disposals including Lloyds TSB Scotland and Cheltenham & Gloucester mortgage business branches, as well as its Intelligent Finance and the TSB brand. RBS -- facing...
In this article: Royal Bank of Scotland, Lloyds, U.K., Bad debt, Intelligent Finance, and Nasdaq
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FT.com - Your money | November 06, 2009
Changing face of high street banking
...mortgage assets. It will do this by selling the TSB brand, its Cheltenham & Gloucester (C&G) mortgage operation, Lloyds TSB Scotland and a related banking licence, as well as its Intelligent Finance internet business. RBS is selling 318...
In this article: Royal Bank of Scotland, Lloyds TSB, Intelligent Finance, UK, Balance sheet, Green Flag, Virgin Money, Privilege, and Direct Line
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Description from Wikipedia:
Cheltenham & Gloucester plc (C&G) is a mortgage and savings provider in the United Kingdom, a subsidiary of Lloyds Banking Group. C&G specialises in mortgages and savings products. Previously, C&G was a building society, known as the Cheltenham and Gloucester Building Society. C&G is one of the largest mortgage lenders in the UK. Its headquarters are in Barnwood, Gloucester, Gloucestershire, England.
C&G can trace its roots back to the Cheltenham & Gloucestershire Permanent Mutual Benefit Building and Investment Association in 1850. At first the Society was based in Cheltenham, its first Gloucester branch opening in 1896. Over the next 80 years, it expanded throughout the UK, opening the 100th branch in Pershore in 1979. Throughout the 1980s, the C&G acquired several smaller building societies, as consolidation of the sector intensified.
In 1995, C&G agreed to a takeover approach from Lloyds Bank. This involved the demutalisation of the society, and generated a windfall payment to its members.
Today, C&G mortgages are designed, marketed, sold and administered by Cheltenham & Gloucester plc, while Lloyds TSB Bank is the lender for C&G mortgages. On the savings side, C&G Savings is a division of Lloyds TSB Bank plc.
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