Coop Group cancels deal with Lloyds on the sale of the Verde Network. The Lloyd's Banking Group planned the sale of over 600 bank branches of the Cooperative Group, which has fell apart after the Cooperative Group decided not to proceed with the GBP750 million deal.
Tags: Lloyds Bank
US investment companies bid for Lloyds Irish portfolio -sources
Three US investment companies reportedly placed bids for the Irish properties of Lloyds Bank. Sources told Bloomberg that Lone Star Funds, Apollo Global Management and Goldman Sachs Group Inc had placed bids for the Irish properties that were put up for sale by Lloyds Banking Group.
Mervyn Davies Drafting Plan to Purchase Part of UK Shareholdings in Lloyds
Mervyn Davies is planning to purchase part of the shareholdings of the UK government in Lloyds Bank.
Lloyds Sells Stocks Amidst Talk of Investor Boycott
Lloyds planned to sell its stocks amidst talk of investor boycott. Lloyds Bank planned to sell 39% stake, which is a step towards its privatisation. However, talks of boycott among investors could have a negative effect on how the sale proceeds.
Disagreement over Reported Bid Values for Lloyd's Banking Group
Disagreement as to how much was offered for 632 Lloyds Banking Group PLC ensued between NBNK Investments PLC owner Peter Levene and the Lloyd's CEO Antonio Horta Osorio.
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Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.
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