Lloyds TSB group, the UK's fifth-largest bank by assets, is considering selling its Argentine subsidiary. Such a move would end the bank's 140-year presence in South America's second-biggest economy. The Argentine subsidiary is the group's last significant presence in Latin America. A representative in London stressed that the possibility of selling up in Argentina was not related to the country's financial collapse in 2001 but was part of a global strategy: "we want to focus on core business in markets where we have a competitive advantage."