Lloyds Banking Group is set to make a bid for Visa , Bank of America 's £ 7bn UK credit card business . Accounting for 11 % of the UK credit card market , MBNA would be valued up to £ 1bn . A potential deal would mark Lloyds’ return to acquisitions after the lender was rescued by the UK government during the financial crisis. While several other banks are also projected to enter the auction for MBNA , a successful bid from Lloyds would mark its first bid since its bailout during the financial crisis of 2008 .
Lloyds Banking Group is set to make a bid for Visa , Bank of America 's £ 7bn UK credit card business . Accounting for 11 % of the UK credit card market , MBNA would be valued up to £ 1bn . While several other banks are also projected to enter the auction for MBNA , a successful bid from Lloyds would mark its first bid since its bailout during the financial crisis of 2008 .