Originally Posted by
Roger
Now, now. I've told you a million times not to exaggerate.
Some LloydsTSB branches are being sold to comply with the regulator's instructions. You and I and the rest of us (i.e. via HMG) will still own the majority of LloydsTSB shares after the enforced sale.
I was actually saying that they are busy raising money to buy the branches of Lloyds. I thought we all knew that Gordon brown merged these companies Lloyds & Hbos for no real reason and now they are forced to sell some branches and IF.com . What that really means is that we still dont know can or will want to own MBNA credit cards. Some are speculating that they might have to sell off the loan book only.
There is no exaggeration, I have only heard the same companies being named for Lloyds & Northern Rock.