International was absorbed into the main business of Lloyds Bank in 1986. Since 2010, the name has been used to refer to the bank's offshore banking operations. Senior leadership The following list indicates the Chairmen and Chief Executive's from the incorporation of Lloyds Banking Corporation in 1865, and the creation of the Chief Executive position in 1945. The Chairman and Chief Executive of Lloyds Bank is held ex-officio by the Chairman and Chief Executive of Lloyds Banking Group. List of chairmen Timothy Kenrick (1865–1868) Sampson Samuel Lloyd (1868–1886) Thomas Salt (1886–1898) John Spencer Philips (1898–1909) Sir Richard Vassar-Smith (1909–1922) Lord Waddington (1922–1945) Lord Balfour of Burleigh (1945–1954) Lord Franks (1954–1962) Sir Harald Peake (1962–1969) Sir Eric Faulkner (1969–1977) Sir Jeremy Morse (1977–1993) Sir Robin Ibbs (1993–1997) Sir Brian Pitman (1997–2001) Maarten van den Bergh (2001–2006) Sir Victor Blank (2006–2009) Sir Winfried Bischoff (2009–2014) Lord Blackwell (2014–2020) Robin Budenberg (2021– ) List of chief executives Sydney Parkes (1945) E. Whitley-Jones and A.H. Ensor (1946–1950) A.H. Ensor (1951–1952) A.H. Ensor and E.J. Hill (1953–1954) E.J. Hill and G.Y. Hinwood (1955–1957) E.J. Hill (1957–1959) E.J. Hill and E.J.N. Warburton (1959–1960) E.J.N. Warburton (1960–1966) M.T. Wilson (1967–1972) B.H. Piper (1973–1978) Norman Jones (1978–1983) Sir Brian Pitman (1984–1997) Sir Peter Elwood (1997–2003) Eric Daniels (2003–2011) Sir António Horta-Osório (2011–2021) Charlie Nunn (2021– ) Controversies Payment protection insurance In November 2005 an investigation by the Financial Services Authority (FSA) highlighted a lack of compliance controls surrounding payment protection insurance (PPI). A second investigation in October 2006 identified further evidence of poor compliance and major PPI providers including Lloyds were fined for not treating customers fairly. In January 2011 a High Court case began which in the following April ruled against the banks, on 5 May 2011 Lloyds withdrew from the legal challenge. In 2012, Lloyds announced that they had set aside £3.6 billion to cover the cost of compensating customers who were mis-sold PPI. In March 2014 it was reported that Lloyds had been reducing the compensation they offered by using a regulatory provision called "alternative redress" to assume that customers wrongly sold single-premium PPI policies would have bought a cheaper, regular premium PPI policy instead. In June 2015 the Lloyds Banking Group was fined £117m for mishandling payment protection insurance claims including many claims being "unfairly rejected". Links to arms trade In December 2008 the British anti-poverty charity War on Want released a report documenting