Lloyds to Speed Up Ring-Fencing Bank Separation, Telegraph Says
Lloyds Banking Group Plc (LLOY) plans to complete the ring-fencing separation of retail and investment banking ahead of the 2019 deadline imposed by the Independent Commission on Banking, the Sunday Telegraph reported, without saying how it got the information.
Chief Executive Officer Antonio Horta-Osorio may announce the move at the bank’s second-quarter results on July 27, the newspaper said.
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