Rival offer for Lloyds branches

AOL Money Staff
Lloyds TSB
Lloyds TSB

The Co-op's stalled acquisition of 632 bank branches being sold by Lloyds has been under further pressure after a rival tabled a renewed offer.


NBNK, which is headed by former Northern Rock boss Gary Hoffman, has offered to underwrite a deal that would see the branches floated on the stock market to create the UK's first 'no bonus bank'.