Lloyds in talks with management on terms of BoSI wind-down

Lloyds Banking Group today said it has reached agreement with the management team at Bank of Scotland Ireland (BoSI) about setting up the independent company that will handle the wind-down of BoSI's operations here.

The independent service company will be responsible for supporting and administering the BoSI loan book into the future following the announcement in August that BoSI is to close.