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UK gets until end-2015 for Lloyds Banking’s retail split

( May 13, 2014, 16:05 GMT | Official Statement) -- MLex Summary: The UK has won an extension until the end of 2015 for Lloyds Banking Group to sell or split off its TSB retail business, after failing to sell off the unit by the original deadline of last November. The European Commission agreed to prolongation, as well as a narrowing of the assets to be divested, on the grounds that the changes won’t upset competition or endanger the viability of the business being sold.EUROPEAN COMMISSION...

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