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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.

 

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For sale, one Scottish Widow
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