Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lloyds’ Branches Plan a ‘Disaster,’ NBNK Tells Sunday Telegraph

A sale of Lloyds Banking Group Plc’s 632 bank branches to the Co-Operative Banking Group would be a “disaster,” the Sunday Telegraph newspaper reported, citing Gary Hoffman, chief executive of NBNK Investments Plc.

Lloyds made the “wrong decision” to pick Co-Operative as the preferred bidder after rival NBNK offered guarantees to protect jobs at the bank branches, Hoffman said.

The Co-Operative said Hoffman’s comments had “no fundamental foundation,” the Telegraph reported.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.