Intelligent Finance
Financial Services Company
EU approves Lloyds plan to offload branches...& Gloucester brands, Lloyds TSB's branches in Scotland and some additional Lloyds TSB branches in England and Wales, as well as the Intelligent Finance online banking business. Lloyds Banking Group yesterday published a preliminary... In this article: Lloyds TSB, European Union, UK, Balance sheet, Cheltenham & Gloucester, Intelligent Finance, and England |
-
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, Cheltenham & Gloucester, Lloyds, Glasgow, England, Wales, and Scotland
-
scotsman.com - Business | November 18, 2009
Sell-off of Lloyds TSB branches approved
...& Gloucester, Lloyds TSB's branches in Scotland and some additional Lloyds TSB branches in England and Wales, as well as the Intelligent Finance online banking business. Lloyds announced the fundraising plans to avoid a taxpayer-backed...
In this article: Lloyds TSB, Cheltenham & Gloucester, HBOS, UK, England, and Wales
-
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 Cheltenham & Gloucester
-
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, Cheltenham & Gloucester, England, and Wales
-
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, Cheltenham & Gloucester, and Nasdaq
-
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
-
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, UK, Balance sheet, Green Flag, Virgin Money, Privilege, and Direct Line
-
Telegraph.co.uk - All news | November 03, 2009
RBS & Lloyds break up: what it means for customers
...parts of their business and some of their branches. Lloyds has promised to sell 600 branches, its mortgage arm Cheltenham & Gloucester and its Intelligent Finance online business. RBS is selling 318 branches, including its NatWest brand...
In this article: Royal Bank of Scotland, Cheltenham & Gloucester, Lloyds, European Union, Tesco, and England
-
Independent.co.uk - Business | November 03, 2009
Bank sales 'better deal for taxpayers'
...business as the price of state support. Lloyds Banking Group will offload its Lloyds branches in Scotland, its Cheltenham & Gloucester branches, and the Intelligent Finance online business. RBS confirmed plans to place GBP282 billion...
In this article: Lloyds, Royal Bank of Scotland, Scotland, BBC Radio Scotland, BBC Radio 4, Direct Line, and Cheltenham & Gloucester
Trends
Loading...
More on Intelligent Finance
Description from Wikipedia:
Intelligent Finance (IF) is an offset bank operating in the United Kingdom, a division of Bank of Scotland plc which is part of Lloyds Banking Group. It was established as a division of Halifax plc in 2000 by Jim Spowart, who helped establish other direct financial services firms including Direct Line. Following a reorganisation of the HBOS group, it is now a division of Bank of Scotland plc. IF's registered headquarters are in Edinburgh, with customer service operations based around Scotland (Livingston, West Lothian and Rosyth, Fife).
IF was set up at a time when many banks were exploring opportunities to utilise new technology to reduce the costs of providing financial services. IF established what it marketed as "intelligent" products whereby customer pick a combination of all or some of a range of bank accounts including current account, savings account, mortgage and credit card. The credit balance in a person's current account and saving accounts would "offset" any debit balances in the person's mortgage and credit card accounts. The customer would then pay interest on the net balance, potentially allowing savings to be made on borrowings. However in June 2005 IF withdrew its offset credit card, citing high running costs.
Although the bank was hit by technical problems at its launch, it quickly gained a significant market share in the mortgage and current account markets.
Intelligent Finance sponsors the Scottish First Division football team Livingston FC. From 2006 to 2008 it sponsored the if.comedies award, successor to the Perrier Comedy Award, at the Edinburgh Fringe.
Explore everything named Intelligent Finance...
