Lloyds branch sale to Co-op on hold

Updated

Could the sale of Lloyds branches to the Co-operative Group be abandoned? Lloyds is understood to be looking at an IPO for the business instead following concerns the Co-op would have problems financing a deal.

What has spurred rumours is Lloyds hiring several hundred more staff for the business - not the sign of a business about to be down-sized.

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