Lloyds has given the following explanation for the collapse of the planned sale of more than 600 branches to the Co-operative Group, citing the Co-op's board:
The Co-operative Group's board has decided that they can no longer proceed with a purchase of the Verde business given their view of 'the impact of the current economic environment, the worsened outlook for economic growth and the increasing regulatory requirements on the financial services sector in general'.
More top news
The US Navy says 10 sailors are missing and five are injured after the USS John S. McCain collided with a merchant ship near Singapore
The Crown Prosecution Service says the internet has provided "new platforms for offending behaviour"
A Public Health England report estimated 150,000 to 200,000 Britons are infected with the virus by imported pork every year.