Brussels, 18/05/2015 (Agence Europe) - On Monday 18 May, the European Commission approved the acquisition of the banking group TSB, following the demerger of the Lloyds banking group, by the Spanish bank Sabadell under the European Union's rules on mergers.
By selling all of the activities of TSB, Lloyds has implemented “one of the key measures” of its restructuring plan, which aims to limit competition distortions resulting from the public assistance it was granted during the financial...