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
A woman hit by police gunfire during a counter-terrorism operation has been arrested after being released from hospital.
Police have been granted extra time to question a man who is being held on suspicion of planning a terror attack.
The man opened fire at the house, shattering the front door and window.