Local banks eye Lloyds Aussie assets

Lloyds exit from the Australian market could provide an opportunity for domestic banks

The Australian assets of British bank Lloyds have sparked growing interest from the likes of National Australia Bank (NAB), Westpac Banking Corp and Macquarie Bank as speculation grows that Lloyds could exit Australia by the end of 2013, according to The Australian Financial Review.

The partially state-owned Lloyds has been moving to shrink its global presence as part of its efforts to restabilise the bank's core British holdings.


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