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Co-op has rival in Lloyds purchase

Published 13/04/2012

The Co-op's stalled acquisition of 632 bank branches being sold by Lloyds is under further pressure after a rival tabled a renewed offer.

NBNK, which is headed by former Northern Rock boss Gary Hoffman, has offered to underwrite a deal that would see the creation of the UK's first 'no bonus bank'.

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