Lloyds May Be Proposed for Breakup by Panel, FT Says

Lloyds Banking Group Plc may be recommended for breakup by a U.K. government-appointed panel, reversing last year’s combination with HBOS Plc, according to committee member Clare Spottiswoode, the Financial Times said.

The statement by the former gas regulator at a meeting in Leeds, England, was confirmed by an official contacted by Bloomberg News at the Independent Commission on Banking. Beth Longcroft, a spokeswoman for Lloyds, declined to comment.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE