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Lloyds TSB: new appointment prompts sale rumours
08/06/2006
The appointment of Lehman Brothers as the new house broker for UK bank Lloyds TSB has prompted speculation of a sale from some sources, while others believe that the move could be a poison pill against a hostile takeover from a US bank such as Citigroup or Wells Fargo. Lloyds' maket capitalisation stands at £29.7bn.
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