Spotify and make investment in each other's music businesses, forming an alliance in the music industry. As a result of this transaction, Spotify gained a 9% stake in TME with TME gaining a 7.5% stake in Spotify. In February 2018, Spotify and Discord teamed up, allowing Discord desktop app users, on both PC and Mac, to publicly display on their profile what music they're listening to, and if the users have Spotify's Premium service, they can listen to each other's music together in real-time. In April 2018, Spotify announced a discounted entertainment bundle with video-on-demand provider Hulu. In July 2015, Spotify
Lloyds Bank Corporate Markets separated from their colleagues and placed in a "glass box" to comply with rules. Fitch Ratings has assigned Lloyds Bank Corporate Markets and Lloyds Bank International expected Long-Term Issuer Default Ratings of 'A(EXP)'. Lloyds Bank Corporate Markets Lloyds Bank Corporate Markets is the non "ring-fenced" arm of Lloyds Banking Group. It was created in 2017, to comply with the Financial Services (Banking Reform) Act 2013. The Act implements the Independent Commission on Banking recommendation that essential banking services are separated from investment banking activities by 2019. As the Group is now primarily focussed on UK retail and commercial banking with