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Lloyds TSB to buy Alliance & Leicester?


Jay...
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I was told the other day that LTSB are trying to buy Alliance & Leicester and as a result will have to offload the majority of cheltenham & gloucester as they will have a too big a share of the mortgage market. Now personally, i couldn't see it making any sense but anyone else know/heard anything?

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There's been talks of Lloyds putting in a bid for Alliance & Leicester or Bradford & Bingley since early Feb. Looks like you're right and those rumours have resurfaced this week, but the only thing I can find at the moment is just a snippet relating to share prices.

 

Alliance & Leicester bounces on bid talk - Times Online

Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice you must always consult a registered and insured lawyer.

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