Lloyds May Have To Sell A Unit

The European Commission may force Lloyds Banking Group to sell a unit as a condition for receiving funds through the U.K.’s asset protection scheme.

  • 21 May 2009
The European Commission may force Lloyds Banking Group to sell a unit as a condition for receiving funds through the U.K.’s asset protection scheme. Lloyds advised its shareholders that if it is required to restructure its business, it may unload either its Scottish Widows or Clerical Medical units. ...

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