NBNK hopeful of Lloyds progress

AOL Money Staff
Lloyds TSB
Lloyds TSB

A rival bidder has stepped up the pressure on the Co-op's purchase of 632 Lloyds branches by insisting it was ready to pursue a deal.

NBNK, which was set up with the intention of creating a new player in the retail banking market, said its own talks with Lloyds and the Financial Services Authority had made progress.