Lloyds Banking Group has agreed to buy Tesco Bank’s mortgage book in a £3.8bn deal, after a vicious price war led the latter to abandon the mortgage market. Vim Maru, Lloyds director of retail, said: “This is a good deal for the group, our shareholders, and Tesco’s mortgage customers.

source https://finance.yahoo.com/m/0421f834-7bb1-3891-aac0-115eaf356921/lloyds-buys-tesco-bank%E2%80%99s.html?.tsrc=rss