Lloyds' TSB business had received early approaches from private equity firms, according to a report by City A.M.
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The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.
Private equity companies Centerbridge and Anacap had been included in the list of bidders for Spain's smaller nationalized lenders.
A group of investors led by Alan Hughes stated that they are prepared to purchase 315 bank branches for GBP1 billion from the Royal Bank of Scotland.
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