Lloyds TSB 'planning German Bank deal'

Banking group Lloyds TSB was today reported to be working on plans to buy Germany’s Dresdner Bank from insurance giant Allianz.

Lloyds TSB 'planning German Bank deal'

Banking group Lloyds TSB was today reported to be working on plans to buy Germany’s Dresdner Bank from insurance giant Allianz.

One option thought to be under consideration involves Lloyds giving its Scottish Widows life assurance arm to Allianz in exchange for Dresdner’s retail operations, which are worth about £6bn (€7.6bn).

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