NBNK’s Latest Bid for Lloyds About 2 Billion Pounds, FT Says

Lloyds Banking Group Plc (LLOY) received a 2 billion pound ($3.3 billion) bid from NBNK Investments Plc. (NBNK) for some of its branches, which would include cash or new shares for the mortgage lender’s investors, the Financial Times reported, without saying where it got the information.

Lloyd’s spurned NBNK’s 1.5 billion-pound offer to buy the branches last year.

To contact the reporter on this story: Trista Kelley in London at tkelley2@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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