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Deals Rumor Mill: Lloyds, Alibaba, Carlyle

By Karlee Weinmann (August 19, 2013, 3:56 PM EDT) -- Lloyds Banking Group PLC is preparing to sell its German life insurance branch in keeping with a broad plan to narrow the bank's focus to its core British lending business, Bloomberg reported on Monday. A sale of Heidelberger Leben could net Lloyds roughly $533 million, and is expected to draw interest from German reinsurance mainstay Hanover Re. The British government, which infused Lloyds with cash a half-decade ago to save it from collapse, has pressured the lender to shed noncore units to help it pay down what it owes. The government is also preparing to sell its 39 percent stake in the bank....

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