UK braced for call to shrink Lloyds

Article reports that Alistair Darling, the UK Chancellor, is braced for an order by the European Commission seeking the shrinking of Lloyds Banking Group as a condition for the granting of state aid, May 2009.

European Commission: DG Competition: Sectors: Financial services: Competition policy and the financial/banking crisis: taking action http://ec.europa.eu/competition/sectors/financial_services/financial_crisis_en.html

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