Bank of Scotland to close its business operation in Ireland
Submitted by Aabid Hussain on Sat, 08/21/2010 - 12:57
The Bank of Scotland is planning to close its banking operations in Ireland. The Bank of Scotland Ireland is going to transfer its business to the parent company and the Belfast office will also be transferred.
Lloyd to sell stake in BOS
Submitted by Faarooq Mehmood on Mon, 07/05/2010 - 19:34
Lloyds Banking Group has decided to sell a major stake in the Bank of Scotland Integrated Finance, with its private equity wing, to Coller Capital wrapped up in a deal that totals the assets of the group at £480m.
The deal shall be finalized by paying Coller £332m for making a 70 per cent stake in the new joint venture called Cavendish Square Partners, with Lloyds taking the remaining 30 per cent.
