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(Video) Will TSB Survive Life Outside Lloyds Banking Group PLC?

​Lloyds (LSE: LLOY) (NYSE: LYG.US) has announced it plans to spin-off the TSB “challenger” bank in mid-June, and that retail investors who back the IPO and hold their investment are to be given bonus shares, too. Here, Owain Bennallack elaborates…

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Owain owns shares in Lloyds.