Lloyds 'eyes branch sale extension'

Updated
Lloyds Banking Group
Lloyds Banking Group

Lloyds Banking Group has reportedly asked the European Commission (EC) for a two-year extension to a looming deadline to sell more than 600 branches.

The 39% taxpayer-owned bank is being forced to sell the branches after its bailout during the financial crisis and plans to float them on the stock market after a deal with the Co-operative Group collapsed.
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