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Business Latest News: UK's Lloyds to Ask for Two-year Extension on Branches Sale-report

Wochit 0:52 mins

The Telegraph newspaper says, Lloyds Banking Group has asked the European competition authorities to give it an extra two years to sell the hundreds of branches it is required to dispose of as a condition for its state bail-out Fasten your seatbelts. And expect lots of turbulence. If that was the message Ben Bernanke was trying to deliver when he said the Federal Reserve could soon start scaling back its massive stimulus program for the U.S. economy, it's safe to say investors received it loud and clear. A federal judge on Friday cut former Enron Corp Chief Executive Jeffrey Skilling's prison sentence to 14 years from 24 years as part of a deal with prosecutors.

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