Lloyds CEO Sees Turnaround Completion in 2014 as Sale Looms

Lloyds CEO Sees Turnaround Completion in 2014 as Sale Looms

Chris Ratcliffe/Bloomberg

Pedestrians pass a Lloyds TSB bank branch, part of the Lloyds Banking Group Plc, in Sevenoaks, U.K. The bank posted a net profit of 1.53 billion pounds in the first quarter, compared with a 5 million-pound loss in the year-earlier period.