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Why Lloyds Banking Group PLC Could Be Looking To Sell More TSB Banking Group PLC

Lloyds (LSE: LLOY) (NYSE: LYG.US) has already sold 38.5% of its shares in TSB (LSE: TSB), the high-street bank it span off via an IPO in June, but the European Commission has only given it until the end of 2015 to complete the job. And now it has a window to offload a second tranche.

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Owain owns shares in Lloyds and TSB.