 In 1987, Hill Samuel had suspended trading in its shares on the London Stock Exchange amid signs that it would accept a merger bid from the Union Bank of Switzerland, as the two groups began takeover talks in July.However, by October of that year a final successful takeover bid was made by the TSB Group Plc., one of the United Kingdom's largest retail banks at the time.By 1995, the merger of TSB Group and Lloyds Bank led Hill Samuel to become a subsidiary of Lloyds TSB, now restructured and renamed as Lloyds Banking Group.