Lloyds chief executive Antonio Horta-Osario says TSB has "a strong balance sheet" and is well protected from the issues that caused the banking crisis.
TSB has a national network of branches, a strong balance sheet and significant economic protection against legacy issues.
It is already operating on the UK high street and is proving to be a strong and effective challenger, further enhancing competition in the UK banking sector.
More top news
A British scientist says the age women may be able to conceive children could soon be significantly extended.
Simon Cowell admitted he was "so embarrassed" after his shirt burst open during an X Factor audition.
Following the promise of further powers for Scotland, David Cameron is now talking about a new deal for the other home nations.