August 27, 2014

Investing in TSB IPO feasible for retail investors

Investing in the TSB IPO will be feasible for retails investors, Lloyds Banking Group has confirmed. The IPO of TSB is due to occur in June 2014.

Analysts reportedly value TSB at approximately £1.5bn which consists of 631 branches.

The 631 branches were previously expected to be sold to the Co-operative bank, but the sale fell through and TSB was established to meet regulatory requirements.

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