Co-op Bid For Lloyds Deal May Be In Trouble
The Co-Operative Bank’s bid to acquire more than 600 branches from Lloyds Banking Group may be in trouble as it faces a capital hole of up to £1 billion ($1.52 billion)—about half its capital—which it is looking to close with plans to sell its non-life insurance business.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: