For sale, one Scottish Widow
Lloyds is preparing to sell life insurer Scottish Widows to focus on core banking services.
The bank is currently in the throws of a strategic review. Scottish Widows is expected to be sold as a going concern.
Lloyds TSB acquired the once mutual life assurer in 1999 and the business later absorbed Clerical Medical.
Critical illness insurance news: 3 May 2011