Co-op and NBNK still in running for Lloyds branches

A bid from Sun Capital was not taken any further, according to the BBC. Co-Operative Bank declined to comment further at this stage of the bid, however, the considerable assets would boost its profile and lending capacity on the high street as a mortgage lender and current account-holder. Lloyds, part-owned by the government, has been forced to sell off the branches, following a ruling targeted to meet European Commission competition rules. The group will also continue to work on an Initial Public Offering as a potential alternative to a direct sale, it confirmed. Tim Tookey, Ll...