Companies
Lloyds ends talks with German banks
By Mark Roberts
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Posted 11 July 2008 @ 10:30 am GMT
Lloyds TSB has cut off talks aimed at a possible takeover of German banks Dresdner or Postbank, a source familiar with the matter has told Reuters.
A Lloyds TSB branch in an undated file photo. IBTimes/Alan Channer
Lloyds raises writedown on risky assetsThe news caused shares in Lloyds to rise 2.1 per cent to 298.75 pence per share.
The report also boosted shares of Alliance & Leicester and Bradford & Bingley by five and 6.1 per cent respectively as both banks could be considered as alternative takeover targets for Lloyds.
This article is copyrighted by the International Business Times.
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