Excluding financing costs, government sold the shares for more than it paid. Now that all Lloyds share have been sold we reviewed how the government prepared for and carried out the sales from March onwards. Publication details:. ISBN: [ Buy a hard copy of this report ]. Four named partners are listed as having received government compensation for enslaved people following the abolition of slavery.
Two partners were mortgage holders for Virgin Island estates and received compensation. Charles Haden Adams was a co-claimant for compensation for one enslaved person in Trinidad. This included financing coffee plantations. Mortgages on these plantations were sometimes secured using the monetary value of enslaved people as collateral. John White Cater, who went on to become Chairman of London and Brazilian Bank, received compensation for five claims relating to estates in Jamaica.
Customers included owners of Jamaican plantations with enslaved people. Taken over by Lloyds It was sold in around Customers included owners of Jamaican plantations, with enslaved people. Founding partner, William Praed, owned two plantations in Jamaica. He and another partner Vere Vane received compensation. Customers owned plantations in Jamaica. A number of them received compensation. Partner Robert Pearce received compensation.
Successor bank taken over by Lloyds in Original partners were from the Gipps family, who owned a sugar plantation in Jamaica. Bank of Scotland was founded in , by an Act of the Scottish Parliament - making it Scotland's first and oldest bank. While the last chunk of shares have been sold at a loss, below that breakeven price, the bulk were sold at a profit. Lloyds is also battling with the legal issues. As well as the ongoing PPI scandal, it is currently facing criticism of its handling of compensation to the victims of the fraud in the HBOS Reading branch.
Among those complaining is the TV celebrity Noel Edmonds. Visit our YouTube channel. Find out more. Lloyds Bank plc.
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