Reuters: Lloyds Picks Frankfurt Post-Brexit

Lloyds (LLOY.L), Britain’s biggest mortgage lender, was widely expected to manage its continental business from one new subsidiary in Berlin. But executives now plan two further hubs to service customers across the European Union, the source told Reuters. One is likely to be in Frankfurt and the location of the second is yet to be confirmed, the person said.

The full article is available at https://www.reuters.com/article/us-britain-eu-lloyds-exclusive/exclusive-lloyds-bank-plans-three-eu-subsidiaries-after-brexit-sources-idUSKBN1K71MM

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