Lloyds (LYG) may float a portfolio of 632 branches after receiving only two formal offers ahead...

|About: Lloyds Banking Group plc (LYG)|By:, SA News Editor

Lloyds (LYG) may float a portfolio of 632 branches after receiving only two formal offers ahead of the first bid deadline for the assets. One of the offers, from Co-op, was described as "lackluster," while its viability was questioned after the departure of Co-op's CEO on Friday. Lloyds -3.5% in London.