By Angus Fazer
London
It has been announced today that Lloyds TSB has been instructed by the British government to sell off part of it's operation in order to benefit from further bailout funds. According to reports is on the verge of selling off the retail arm of its opperation and return it to what it was originally called,
Trustee Savings Bank."The old branding is untainted by the fallout from the credit mess so would be a credible purchase for a buyer who wanted a trusted & established British banking institution" said a Lloyd's insider.
History of the Trustee Savings Bank Courtesy of Wikipedia
http://en.wikipedia.org/wiki/Trustee_Savings_...