Lloyds Banking Group is regarded as one of the foremost groups of financial service that render its valuable services particularly in the UK. The group delivers its different services especially to personal and corporate customers. Lloyds was renamed in January 2009 after Lloyds TSB acquired HBOS, one of the banking and insurance companies of the UK, with a vision to become the best bank in the UK as compared to others. The group is viewed to be the largest retail bank operating in the UK with leading edge in many sectors in comparison with other banks prevailing in the UK. The group possess multiple brands that are served to its valuable customers which ultimately makes the group to enhance its productivity by a considerable level and accomplish significant competitive position over its chief business market competitors (Lloyds banking Group, 2012).
This paper intends to critically analyse and assess the different sources of long-term finance that are currently used by Lloyds concerning a detailed discussion about the advantages as well as the disadvantages of each identified source supported with suitable calculations. Moreover, the paper also evaluates the approaches related with planning, control, performance management and financial decision making of the selected organisation. ...