would be combined with the branches of Cheltenham & Gloucester and the business of Lloyds TSB Scotland to form a new bank operating under the TSB brand and divested by the group. The selected Lloyds TSB branches and those of Cheltenham & Gloucester were transferred to Lloyds TSB Scotland plc, which was renamed TSB Bank plc. The new bank began operating on 9 September 2013 as a separate division within Lloyds Banking Group. TSB was floated on the London Stock Exchange on 20 June 2014, and was acquired by Banco Sabadell one year later and subsequently delisted. The remaining business of Lloyds TSB returned to the Lloyds Bank name on 23 September 2013. In October 2014, the bank announced that it planned to cut 9,000 jobs and close some branches in light of an increase in the number of customers using online banking services. In July 2016, the bank announced it would cut 3,000 jobs because of the economic downturn as a result of United Kingdom European Union membership referendum. In January 2017, the bank suffered interruptions to its online services originally blamed on "unspecified technical glitches". A hacker reportedly claimed responsibility for the attack, demanding around £75,000 from the bank in a "consultation fee". On 17 March 2017, the British Government confirmed its remaining shares in Lloyds Banking Group had been sold. Services The bank offers a full range of banking and financial services, through a network of 1,300 branches in England and Wales. Branches in Jersey, Guernsey and the Isle of Man are operated by Lloyds Bank International Limited, while Lloyds Bank (Gibraltar) Limited operates in Gibraltar; both are wholly owned subsidiaries and trade under the Lloyds Bank brand. Lloyds Bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. It is a member of the Financial Ombudsman Service, the Financial Services Compensation Scheme, UK Payments Administration, the British Bankers' Association and subscribes to the Lending Code. The bank uses the following series of sort codes:— The Lloyds Bank Foundation funds local, regional and national charities working to tackle disadvantage across England and Wales. There are separate foundations covering Scotland, Northern Ireland and the Channel Islands. Overseas operations The bank's overseas expansion began in 1911 and, by 1985, it had banking and representative offices in 45 countries, from Argentina to the United States of America. Lloyds Bank