JC Flowers interested in buying Lloyds' TSB unit - Reuters

Private equity firm JC Flowers has approached Britain's Lloyds Banking Group about a bid for the TSB business that was split from the part state-owned bank earlier this month, writes Reuters. Lloyds, which is now 32.7 percent-owned by the taxpayer after the government sold a 6 percent stake last week, has been working on a stock market listing for TSB next year.

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