Co-op deal to buy Lloyd's branches

Press Association
Co-operative Bank
Co-operative Bank

A proposal aimed at kick-starting the Co-op's stalled acquisition of 632 Lloyds branches has been put to the City regulator, it has been reported.


The Co-op's game-changing deal for Lloyds' "Project Verde" branches is under threat because the Financial Services Authority (FSA) is thought to have concerns over the mutual's management capabilities and governance.