Lloyds plays for time

Lloyds Banking Group is talking to the Treasury about drawing up a revised plan to sell 630-plus relaunched TSB branches.  Lloyds expects the plan and a request for a disposal deadline extension to the end of 2015 to be submitted to the European Commission by the end of this month. The branches will relaunch today as TSB. Lloyds plans to float up to half of TSB mid-2014 and hopes to be able to sell the remainder by the end of that year, although the timetable could slip, depending on market conditions.  09/09/13 Financial Times 24Times 37, 41Daily Telegraph B1Independent 52