Sunday, Jun 22, 2008
He considered stepping in to buy Northern Rock
yahoo news: Lloyds TSB eyes potential German deal
Good Morning Vietnam
oops I mean England
how are we all today?
LONDON (Reuters) - Lloyds TSB would consider a significant acquisition and is looking at a possible deal in Germany, people familiar with the situation said on Saturday.
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It is considering deals for Dresdner Bank, owned by insurer Allianz, and Deutsche Postbank, the retail bank at the centre of takeover speculation, one of the sources said.
Lloyds declined to comment on whether it is looking at Dresdner, Postbank or the German operations of U.S. bank Citi, which are also up for sale.
Lloyds Chief Executive Eric Daniels has signalled recently that the bank would consider a deal. It outperforms rivals in its core UK market and a sharp fall in bank valuations has created opportunities.
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