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>> LLOYDS TSB Latest News

MAR 20, 2015 - The Independent

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Lloyds sells 50% of TSB to Sabadell for £1.7bn

Lloyds Banking Group, the taxpayer-backed lender, has agreed the £1.7bn takeover of its former offshoot TSB, bringing an end to more than five years of trying to sell off the 632 branches.

Tags: Lloyds sells 50% of TSB to Sabadell for £1.7bn,  Lloyds Tsb Latest News

MAR 20, 2015 - TheStreet

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Sabadell Plucks Off U.K. 'Challenger' Bank TSB in $2.5 Billion Deal

NEW YORK (The Deal) -- Spain's Banco de Sabadell has secured its U.K. entrance with an agreement to buy TSB Banking Group for £1.7 billion ($2.5 billion). The 340-pence-per-share offer matches the terms announced last week and represents a 29% premium to where TSB's shares were trading before the transaction was disclosed. The takeover deal comes just nine months after ...

Tags: Sabadell Plucks Off U.K. 'Challenger' Bank TSB in $2.5 Billion Deal,  Lloyds Tsb Latest News

MAR 20, 2015 - Yahoo! News

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Sabadell eyes more UK deals after $2.5 billion TSB takeover

By Matt Scuffham and Jesús Aguado LONDON/MADRID (Reuters) - Spain's Banco Sabadell could look to expand further in Britain after agreeing a 1.7 billion pound ($2.5 billion) takeover of TSB , one of the biggest cross-border banking deals since the financial crisis of 2007-09. Sabadell, Spain's fifth-biggest bank, said it planned to grow TSB into a significant challenger to Britain's ...

Tags: Sabadell eyes more UK deals after $2.5 billion TSB takeover,  Lloyds Tsb Latest News

MAR 20, 2015 - TheStreet

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European Stocks Climb on Sabadell's Deal for TSB Banking

LONDON (TheDeal) -- Europe's markets rose gently Friday, unspooked by fears of any loss of power during this morning's spectacular solar eclipse. Even the continuing impasse over the Greek bailout -- which sent yields rising dramatically on Greek debt -- failed to dampen enthusiasm for European stocks. In London, the FTSE 100 was up 0.06% at 6,966.16, while in Paris ...

Tags: European Stocks Climb on Sabadell's Deal for TSB Banking,  Lloyds Tsb Latest News

MAR 20, 2015 - New York Times

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TSB to Recommend That Investors Accept Spanish Bank’s Takeover Offer

Banco Sabadell would acquire 50.1 percent of the British lender’s outstanding shares, including a stake from the Lloyds Banking Group, which spun off TSB last year.

Tags: TSB to Recommend That Investors Accept Spanish Bank’s Takeover Offer,  Lloyds Tsb Latest News