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Lloyds Bank announces TSB flotation

Lloyds Banking Group is to float a quarter of the equity in its stand-alone chain TSB, which has 631 High Street branches, on the stock market.

The new Lloyds lending limits will not affect many people, according to the Building Societies Association.

A telephone banking centre in Warrington is to be closed as part of more job losses announced by the Lloyds banking group.

Lloyds Banking Group limits mortgages to four times income for loans worth more than 500,000 in a move aimed at dampening the London housing market.

Banking expert Peter Hahn discusses Lloyds Banking Group's report of a 22% rise in underlying first quarter pre-tax profit.

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