Categories:Investments,US

Morning in brief: Lloyds branch sale to Co-op could collapse

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The sale of hundreds of Lloyds Banking Group branches to the Co-operative Group could be on the brink of collapse, according to the Daily Telegraph.

A possible initial public offering has been mooted, but the future of the branches is unlikely to be clarified until the second quarter of the year, the Telegraph reports.

International

The US is set to unveil its candidate for the World Bank, following the stepping down of current president Robert Zoellick, reports the BBC.

Commodities

The price of gold has dropped 9% since the start of the year, writes the Financial Times, with interest in the yellow metal sliding thanks to high prices.

 

US

The US Securities & Exchange Commission is set to investigate whether “rapid fire” trading systems are giving firms an advantage over other investors, according to the Wall Street Journal.

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