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Reuters is reporting that BayernLB chief executive Gerd Haeusler will quit his post at the German state-owned lender. Haeusler, whose contract with Munich-based BayernLB expires in 2015, may resign soon.
The head of TSB new business, Paul Pester, said.More than 600 bank branches being rebranded as TSB by Britain's Lloyds Banking Group could be bought by a trade or financial buyer before a flotation being planned for next year,
The Sunday Telegraph said without citing sources, that Private equity firm JC Flowers has approached Britain's Lloyds Banking Group about a bid for the TSB business that was split from the part state-owned bank earlier this month
German steelmaker ThyssenKrupp has denied a magazine report that it is preparing to sell its automotive division. Focus magazine said that ThyssenKrupp, struggling with billions of euros of debt and a loss-making Steel Americas business, had asked potential investors for indicative offers for its automotive operations.