Lloyds Bank Corporate Markets
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Company typeSubsidiary
IndustryInvestment Banking
Founded28 September 2016
HeadquartersLondon, England, UK
| Company type | Subsidiary |
|---|---|
| Industry | Investment Banking |
| Founded | 28 September 2016 |
| Headquarters | London, England, UK |
| Parent | Lloyds Banking Group[2] |
Lloyds Bank Corporate Markets plc[3] (LBCM[1]) is the investment banking arm of Lloyds Banking Group. LBCM has two primary investment banking functions: Capital Markets - under which Debt Capital Markets, private side derivatives, and Securitised Products sit - and Financial Markets - the interest rates, currency, commodities, inflation and gilts, flow sales and trading business.
LBCM was incorporated on 28 September 2016.[3] It was created to comply with the Financial Services (Banking Reform) Act 2013. The Act implements the Independent Commission on Banking recommendation that essential banking services are separated from investment banking activities by 2019.