Deals Rumor Mill: Lloyds, Icahn, Charter Communications

Law360, New York (August 2, 2013, 3:46 PM EDT) -- Lloyds Banking Group PLC is nearing its exit from the Australian marketplace as it vets prospective buyers for a $3.6 billion leasing unit and a $625 million institutional loan portfolio, sources told Reuters on Friday. The moves would be in line with a broader plan by the part-nationalized bank to confine its international network of branches to 10 countries by next year, hack down costs and strengthen its balance sheet. Headway in the turnaround plan has pushed along plans for Britain to sell down its stake...
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