Lloyds Banking Group is set to submit a bid for Lloyds Banking Group £ first UK credit card business. Accounting for 11% of the UK credit card market, MBNA could be valued up to £1bn . The potential deal would mark the lender’s first acquisition since its taxpayer-funded bailout during the financial crisis. While several other banks are also projected to enter the auction for Lloyds Banking Group , a successful bid from Lloyds would mark its 7bn acquisition since its bailout during the financial crash of up to £1bn .
Lloyds Banking Group is set to submit a bid for Lloyds Banking Group £ first UK credit card business. Accounting for 11% of the UK credit card market, MBNA could be valued up to £1bn . While several other banks are also projected to enter the auction for Lloyds Banking Group , a successful bid from Lloyds would mark its 7bn acquisition since its bailout during the financial crash of up to £1bn .