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Lloyds TSB eyes up Alliance & Leicester

Reports have emerged that Lloyds TSB is eyeing up rival bank Alliance & Leicester following the announcement of its strong full-year profits of £3.9bn on Friday.

It is understood that Lloyds TSB is also looking at Bradford & Bingley, another lender that has suffered badly as a result of the credit crunch.

The Telegraph says that it is still ‘early days’ and that the bank’s board had yet to formally discuss an approach for one of its rivals. It says that the board has also not yet reached the stage of appointing external advisers to assist it in its deliberations.


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