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Lloyds to Sell Branches


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Getting rid of Branches in Scotland.

 

''Lloyds is set to be told to sell hundreds of branches along with their customers. Lloyds, which bought rival HBOS last year, has the largest branch network in the UK, with 3,000 outlets, and almost 30 per cent of the current account market.

 

The Commission warned Lloyds it may be forced to divest its flagship Halifax brand, but the bank is thought to have negotiated a less drastic penalty. Among the assets it is expected to sell is its Lloyds TSB franchise in Scotland, which has 200 branches''

 

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6893554.ece

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