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Time running out for Lloyds in branch sale

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  • #1

    Time running out for Lloyds in branch sale

    Time running out for Lloyds in branch sale

    This is a duplicate of the Blog Entry made on 24th March 2012 08:10.

    The 632 Lloyds branches must be sold under state aid rules set out by the EU. Lloyds Banking Group has just seven more working days if it is to meet...

    Click to Read More...
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    Tags: 2012, address, banking, bbc, branch, branches, business, chief executive, co-operative, co-operative group, comi, complex, debt, eco, issues, lloyds, regulatory, rules, size, state, the co-operative, transaction, update, working, world
  • #2
    Re: Time running out for Lloyds in branch sale

    Latest: 29th March

    The chief executive of the Co-operative Group says the deal to buy 632 branches from Lloyds Banking Group "may not go ahead". Co-op is in exclusive talks to buy the branches, which Lloyds has to sell for regulatory reasons. "There are significant economic and regulatory issues that we have to address and that's what we're working towards," Peter Marks told BBC News. He promised an update on the situation in the coming weeks. "Within the next few weeks we will complete our analysis and then we will tell the world whether we can do it," he said. "This is a steep change for us and it's a very complex transaction and one that we're going to take our time examining."....Read more here--: BBC News - Co-op deal to buy Lloyds branches
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