collapse

Lloyds Banking Group's sale of more than 600 branches to the Co-operative Group has collapsed.

Europe had been forcing Lloyds to sell the branches after its taxpayer bailout during the 2008 financial crisis.

But it is understood the Co-op has struggled to plug a £1billion gap needed to complete its takeover.

Lloyds chief executive Antonio Horta-Osorio said he was '...