--Lloyds Banking Group is said to be interested in making an offer for Tesco's banking branch, Bloomberg reports, citing unnamed sources.

--Talks between the lender and the British retailer are at an early stage and there isn't any certainty on whether the parties will proceed toward a formal offer, according to Bloomberg.

--The U.K. domestic bank is one of several potential suitors interested in a deal for Tesco Bank, Bloomberg reports. Reuters reported earlier this month that Barclays was considering an acquisition and had submitted an indicative bid.

--Lloyds Banking Group declined to comment while Tesco wasn't immediately available when contacted by Dow Jones Newswires.


Full story: https://tinyurl.com/2285p6w5


Write to Elena Vardon at elena.vardon@wsj.com


(END) Dow Jones Newswires

11-30-23 0903ET