Lloyds TSB
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Lloyds names Co-op as preferred buyer of bank branches

Lloyds says its preferred option for the sale of 632 bank branches is to sell them to the Co-operative Group.

The mutually-owned Co-op had been in competition with new bank venture NBNK for the assets.

Lloyds will now enter exclusive talks with the Co-op, which runs a financial services division along with a supermarket retail arm.

Robert Peston reports.

  • 14 Dec 2011
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