Lloyds executives to face MPs over Project Verde collapse

Lloyds Banking Group chief executive Antonio Horta-Osorio and chairman Winfried Bischoff will answer questions from MPs next Tuesday over the proposed sale of 632 branches, known as Project Verde, which fell through in April. A spokesman for Lloyds says: "We will, of course, provide evidence and any other support to the committee." The Co-operative Group pulled out of the deal in April, saying it was not in the best interests of its members to proceed. Group chief executive Peter Marks said the deal would not have delivered a suitable return for members within a reasonable timeframe a...