On 11th November 1918, Germany signed an armistice with the Allies. The war was finally over.
The impact of four years of conflict on the constituent companies of Lloyds Banking Group was profound.
Almost 1,000 men had lost their lives. Women had been taken on in significant numbers for the first time. Some remained in post after the war, a move not welcomed by all. Living costs remained high with wages lagging behind. This was to remain a source of tension between staff and employers.
The fundamental structure of British banking was changing too. Larger institutions were needed to cope with the demands of government and industry. Over the course of the war, and in the years following, a series of significant mergers took place. Several were led by Lloyds Bank.
Overseas and foreign business connections were also developed in earnest. These enabled British banks to compete in the post-war struggle for business.
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