Lloyds TSB logo
Media playback is unsupported on your device

Co-op to buy more than 600 Lloyds TSB branches

Almost five million Lloyds TSB customers are to be transferred onto the books of the Co-operative bank, after a deal was agreed over the sale of more than 600 branches.

Lloyds, which is 40% owned by the taxpayer, was forced to sell the branches to comply with European rules on state aid.

Simon Gompertz reports.

Go to next video: How does Lloyds deal affect you?