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European watchdog warns Lloyds could be dismantled.

Publication: The Daily Mail (London, England)
Publication Date: 30-SEP-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: European watchdog warns Lloyds could be dismantled.(Business)

Article Excerpt
Byline: Rupert Steiner

EUROPE'S competition chief gave her strongest signal yet that Lloyds Banking Group may have to be broken up.

Neelie Kroes's comments come just weeks ahead the Commission's final verdict on whether the [pounds sterling]17bn bailout of the government controlled bank distorts competition.

She warned: 'We need to ensure aid does not allow the bank to consolidate and reinforce its leading presence in markets...

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