Lloyds and Royal Bank of Scotland, Britain’s two largest retail lenders, have ageed to sell hundreds of branches and key businesses to appease EU concerns over state aid and competition.
For more on these stories, and all the rest of the latest deal-related news from Reuters, click here.
And here’s some picks from the papers:
* Russian-born tycoon Len Blavatnik has bought British cinema distribution business Icon Group, which owns rights to around 500 films including the Oscar-winning Dances with Wolves, Russian business daily Vedomosti says.
* Over at the New York Times’s DealBook blog, the site’s “Deal Professor” searches for themes in the M&A market, scrutinising the nine big deals announced in October.