The Co-operative Bank has emerged as the frontrunner to buy a huge tranche of Lloyds TSB branches after Lloyds today announced the Co-op is its preferred bidder.
Shares in Lloyds Banking Group were flying high on Thursday as it revealed plans to cut a further 15,000 of its staff in what will be the biggest job cuts in British banking history.
The first quarter of this year did not bring good news for Lloyds Banking Group as it was hit by heavy losses caused by exposure to Ireland and potential compensation payouts.
Lloyds Banking Group received the highest number of complaints from UK customers in the first half of the year, according to the Financial Services Authority.
