Lloyds Banking Group will sell branches to Co-op Bank

Help

Lloyds Banking Group has named the Co-operative Bank as its preferred choice to buy the 632 branches it is selling under European competition rules.

The taxpayer-backed bank will now enter into exclusive discussions with them.

Dominic Laurie told Radio 5 live's Richard Bacon what it meant for the customers who have accounts at those branches.

Richard Bacon broadcasts weekdays 1400 to 1600 on Radio 5 live.

For other 5 live highlights, please visit the best bits page.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.