Lloyds Chief Executive Antonio Horta-Osorio speaks at the British Chambers of Commerce annual meeting in central London, Britain, February 10, 2015. REUTERS/Stefan Wermuth/File Photo

A woman uses a Lloyd's Bank cash machine in London January 12, 2015. A consultation this month will propose folding the British Bankers' Association, tarnished by the Libor interest rate rigging scandal, into a new retail banking association, two sources familiar with the plans said on Monday. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS)

A woman wlalks into a branch of TSB bank in London May 27, 2014. Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, it said on Tuesday, kicking off a process regulators hope will create a vibrant challenger to Britain's dominant high-street lenders. REUTERS/Neil Hall (BRITAIN - Tags: BUSINESS POLITICS)

Signs are seen outside of a branch of TSB bank in London May 27, 2014. Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, it said on Tuesday, kicking off a process regulators hope will create a vibrant challenger to Britain's dominant high-street lenders. REUTERS/Neil Hall (BRITAIN - Tags: BUSINESS POLITICS)

People walk past a sign outside of a branch of TSB bank in London May 27, 2014. Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, it said on Tuesday, kicking off a process regulators hope will create a vibrant challenger to Britain's dominant high-street lenders. REUTERS/Neil Hall (BRITAIN - Tags: BUSINESS POLITICS)

The sky is seen reflected in a sign at a Lloyds TSB bank in southwest London in this June 30, 2011 file photograph. Britain has launched the sale of its shares in Lloyds Banking Group, a milestone in the country's recovery from the 2008 financial crisis, according to a Treasury statement released on September 16, 2013. REUTERS/Luke MacGregor/Files (BRITAIN - Tags: BUSINESS POLITICS)

Chief Executive of the TSB bank, Paul Pester (L), and Lloyds Banking Group Group Retail director, Alison Brittain, pose outside the TSB Baker Street branch in London September 9, 2013. Britain's 200-year-old TSB bank returned to the high street on Monday after an 18-year absence, the result of action by regulators and the government to introduce greater competition for the country's banks following several consumer scandals. REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS)

Chief Executive of the TSB bank, Paul Pester (L), and Lloyds Banking Group Group Retail director, Alison Brittain, pose outside the TSB Baker Street branch in London September 9, 2013. Britain's 200-year-old TSB bank returned to the high street on Monday after an 18-year absence, the result of action by regulators and the government to introduce greater competition for the country's banks following several consumer scandals. REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS)

Britain's Chancellor of the Exchequer George Osborne withdraws money from a cash machine at a branch of LloydsTSB bank in central London June 19, 2013. Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Chancellor George Osborne said, admitting the re-privatisation of RBS remains a long way off. REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne looks at a screen during a visit of a branch of Lloyds TSB bank in central London June 19, 2013. REUTERS/Stefan Wermuth (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne is shown a money counting machine by a teller at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne reacts during a visit to LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne is shown a money counting machine by a teller at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne withdraws money from a cash machine at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne enjoys a hot drink at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne approaches a cash machine to withdraw money at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne withdraws money from a cash machine at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne withdraws money from a cash machine at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Britain's Chancellor of the Exchequer George Osborne withdraws money from a cash machine at a branch of LloydsTSB bank in central London June 19, 2013. . REUTERS/Luke MacGregor (BRITAIN - Tags: POLITICS BUSINESS)

Andy Hornby, CEO of HBOS (L), Eric Daniels, CEO of Lloyds TSB (R), and Victor Blank, Chairman of Lloyds TSB, are seen posing for photographers after a news conference, in the City of London on in this September 18, 2008 file photograph. Blank was Lloyds TSB Chairman and Daniels was Lloyds TSB CEO when they took over HBOS, whose CEO was Hornby at time of takeover. The enlarged bank was renamed Lloyds Banking Group, which is Britains biggest retail bank, but needed billions of pounds of taxpayer support. REUTERS/Luke MacGregor/Files (BRITAIN - Tags: BUSINESS)

A customer is seen entering a branch of a Lloyds TSB bank in southwest London in this June 30, 2011 file photograph. Lloyds Banking Group has agreed the sale of 632 branches to the Co-Operative Group, concluding a process aimed at boosting competition in British high-street banking and streamlining its business at the behest of regulators, it was announced on July 19, 2012. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS EMPLOYMENT)

A customer is seen entering a branch of a Lloyds TSB bank (bottom photograph) in southwest London in this June 30, 2011 file photograph. A pedestrian is seen walking past the Co-operative bank (top photograph), in Northampton, central England in this January 21, 2009 file photograph. Lloyds Banking Group has agreed the sale of 632 branches to the Co-Operative Group, concluding a process aimed at boosting competition in British high-street banking and streamlining its business at the behest of regulators, it was announced on July 19, 2012. REUTERS/Luke MacGregor and Darren Staples/Files (BRITAIN - Tags: BUSINESS EMPLOYMENT)

People working in the Lloyd's TSB bank headquarters look out of the window during a protest by Occupy demonstrators in London December 15, 2011. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS POLITICS)

An Occupy London demonstrator bangs on a makeshift drum as a group of men meet inside the headquarters of Lloyd's TSB bank in London December 15, 2011. REUTERS/Suzanne Plunkett (BRITAIN - Tags: POLITICS BUSINESS)

Occupy London demonstrators in costume stand outside of the headquarters of Lloyd's TSB bank in London December 15, 2011. REUTERS/Suzanne Plunkett (BRITAIN - Tags: POLITICS BUSINESS)

A man squeezes past an Occupy London demonstrator wearing a tent outside a Lloyd's TSB bank branch in London December 15, 2011. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS POLITICS)

Lloyds of London staff hold their annual Remembrance Day service at the Lloyds Building in the City of London November 11, 2011. REUTERS/Olivia Harris (BRITAIN - Tags: ANNIVERSARY MILITARY CIVIL UNREST BUSINESS) FOR BEST QUALITY SEE LM1E7BE1GHO01

A fireman sprays down his colleague at the scene of a burnt out Lloyds TSB after disturbances in the Handsworth area of in Birmingham, central England August 9, 2011. British Prime Minister David Cameron was to hold crisis talks on Tuesday after three nights of riots, looting and arson by masked, hooded youths that wrecked shopping streets in many parts of London and spread to other cities. REUTERS/Darren Staples (BRITAIN - Tags: CIVIL UNREST CRIME LAW POLITICS SOCIETY)

A fireman works inside a burnt out Lloyds TSB branch after disturbances in the Handsworth area of in Birmingham, central England August 9, 2011. British Prime Minister David Cameron was to hold crisis talks on Tuesday after three nights of riots, looting and arson by masked, hooded youths that wrecked shopping streets in many parts of London and spread to other cities. REUTERS/Darren Staples (BRITAIN - Tags: CIVIL UNREST CRIME LAW POLITICS SOCIETY)

A fireman looks from the window of a burnt out Lloyds TSB branch after disturbances in the Handsworth area of in Birmingham, central England August 9, 2011. British Prime Minister David Cameron was to hold crisis talks on Tuesday after three nights of riots, looting and arson by masked, hooded youths that wrecked shopping streets in many parts of London and spread to other cities. REUTERS/Darren Staples (BRITAIN - Tags: CIVIL UNREST CRIME LAW POLITICS SOCIETY)

Rain falls outside a branch of Lloyds TSB in London August 4, 2011. Lloyds slumped to a 3.25 billion pound ($5.3 bln) first half loss, hit by the cost of compensating customers mis-sold insurance and as bad loans in Ireland and Australia piled up. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS)

A pedestrian walks past a branch of Lloyds TSB in London August 4, 2011. Lloyds slumped to a 3.25 billion pound ($5.3 bln) first half loss, hit by the cost of compensating customers mis-sold insurance and as bad loans in Ireland and Australia piled up. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS)

Pedestrians walk past a branch of Lloyds TSB in London August 4, 2011. Lloyds slumped to a 3.25 billion pound ($5.3 bln) first half loss, hit by the cost of compensating customers mis-sold insurance and as bad loans in Ireland and Australia piled up. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS)

The logo is seen on a sign at a Lloyds TSB bank in southwest London June 30, 2011. Lloyds will cut 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalised British bank back to health. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS EMPLOYMENT)

A customer leaves a branch of a Lloyds TSB bank in southwest London June 30, 2011. Lloyds will cut 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalised British bank back to health. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS EMPLOYMENT)

A customer enters a branch of a Lloyds TSB bank in southwest London June 30, 2011. Lloyds will cut 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalised British bank back to health. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS EMPLOYMENT)

The sky is reflected in a sign at a Lloyds TSB bank in southwest London June 30, 2011. Lloyds will cut 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalised British bank back to health. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS EMPLOYMENT)

A Lloyds TSB bank sign hangs outside a branch in London May 5, 2011. Lloyds took a 3.2 billion pound ($5.3 billion) charge on Thursday to compensate consumers who were over-charged on insurance policies, and Ireland's economic woes heaped further pain on the British bank. REUTERS/Suzanne Plunkett (BRITAIN - Tags: BUSINESS)

A sign for a branch of Lloyds TSB bank is seen in central London April 11, 2011. Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers from any future financial crisis, a government-commissioned report said. Proposals outlined on Monday appear harshest for Lloyds Banking Group, which may be forced to sell hundreds more branches in addition to the 600 already on the block in order to improve competition on the high street. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

Passengers on a London bus pass a branch of Lloyds TSB bank in central London April 11, 2011. Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers from any future financial crisis, a government-commissioned report said. Proposals outlined on Monday appear harshest for Lloyds Banking Group, which may be forced to sell hundreds more branches in addition to the 600 already on the block in order to improve competition on the high street. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

Passengers on a London bus pass a branch of Lloyds TSB bank in central London April 11, 2011. Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers from any future financial crisis, a government-commissioned report said. Proposals outlined on Monday appear harshest for Lloyds Banking Group, which may be forced to sell hundreds more branches in addition to the 600 already on the block in order to improve competition on the high street. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

People pass a branch of LloydsTSB bank in north London November 2, 2010. Concerns over losses from problem loans and tougher competition overshadowed an upbeat trading statement from Lloyds Banking Group, the part-nationalised British lender. REUTERS/Paul Hackett (BRITAIN - Tags: BUSINESS)

A woman uses a Lloyds TSB Cashpoint machine in Loughborough, central England April 27, 2010. Lloyds Banking Group returned to profit in the first three months of this year, earlier than expected, as losses on both retail and commercial bad debts for Britain's largest bank continue to fall. REUTERS/Darren Staples (BRITAIN - Tags: BUSINESS)

The sun rises over a Lloyds TSB bank in Loughborough, central England April 27, 2010. Lloyds Banking Group returned to profit in the first three months of this year, earlier than expected, as losses on both retail and commercial bad debts for Britain's largest bank continue to fall. REUTERS/Darren Staples (BRITAIN - Tags: BUSINESS)

A receipt hangs from a Lloyds TSB Cashpoint machine in Loughborough, central England April 27, 2010. Lloyds Banking Group returned to profit in the first three months of this year, earlier than expected, as losses on both retail and commercial bad debts for Britain's largest bank continue to fall. REUTERS/Darren Staples (BRITAIN - Tags: BUSINESS)

A man is reflected in the window of a Lloyds TSB bank in Loughborough, central England April 27, 2010. Lloyds Banking Group returned to profit in the first three months of this year, earlier than expected, as losses on both retail and commercial bad debts for Britain's largest bank continue to fall. REUTERS/Darren Staples (BRITAIN - Tags: BUSINESS)

A bus passes a Lloyds TSB Cashpoint in Loughborough, central England April 27, 2010. Lloyds Banking Group returned to profit in the first three months of this year, earlier than expected, as losses on both retail and commercial bad debts for Britain's largest bank continue to fall. REUTERS/Darren Staples (BRITAIN - Tags: BUSINESS)

A sign is seen at a branch of Lloyds TSB in London February 26, 2010. Lloyds, Britain's largest retail bank, suffered another big loss last year as it took a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from its controversial takeover of rival HBOS. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

A branch sign is seen at a branch of Lloyds TSB in London February 26, 2010. Lloyds, Britain's largest retail bank, suffered another big loss last year as it took a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from its controversial takeover of rival HBOS. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

A sign is seen outside a branch of Lloyds TSB, in central London February 26, 2010. Lloyds, Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS. . REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

A sign is seen outside a branch of Lloyds TSB, in central London February 26, 2010. Lloyds, Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS. . REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

A sign is seen outside a branch of Lloyds TSB, in central London February 26, 2010. Lloyds, Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS. . REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS)

A sign for LloydsTSB bank hangs on the corner of Lloyd's Avenue in the City of London January 21, 2010. Britain's Lloyds Banking Group is to cut another 585 jobs by March next year as part of changes to its wholesale and retail divisions. . REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS)

Pedestrians walk past a branch of Lloyds Bank in the City of London November 3, 2009. Lloyds Banking Group launched a record 13.5 billion-pound ($22 billion) rights issue on Tuesday and along with rival Royal Bank of Scotland has agreed to sell off businesses as part of a complex deal to further boost capital while also meeting EU competition concerns over state aid. REUTERS/Andrew Winning (BRITAIN BUSINESS)

A Lloyds TSB sign hangs outside a branch, in central London August 5, 2009. Britain's Lloyds Banking Group sank to a 4 billion pounds ($6.8 billion) loss in the first half, battered by a surge in bad debts from its HBOS
business, but the bank told investors it was through the worst. REUTERS/Stefan Wermuth (BRITAIN BUSINESS)

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. Britain's Lloyds Banking Group sank to a 4 billion pounds ($6.8 billion) loss in the first half, battered by a surge in bad debts from its HBOS business, but the bank told investors it was through the worst. REUTERS/Stefan Wermuth (BRITAIN BUSINESS)

A Lloyds TSB logo hangs outside a branch, in central London June 8, 2009. Lloyds Banking Group said on Monday it had raised just under 3.5 billion pounds from shareholders which it will use to pay back some of the money injected by the government last year. REUTERS/Toby Melville (BRITAIN BUSINESS POLITICS)

A street sign is seen in The City of London April 23, 2009. Britain's Lloyds Banking Group said it will slash 985 full-time and part-time jobs over the next two years, with compulsory redundancies available as a last resort. The lender expects the bulk of the job losses to come in northwest England. Up to 200 jobs will go in Speke, near Liverpool, this year and a further 340 positions will be at risk in Chester in 2010. REUTERS/Toby Melville (BRITAIN BUSINESS)

A Lloyds TSB branch sign is seen in The City of London April 23, 2009. Britain's Lloyds Banking Group said it will slash 985 full-time and part-time jobs over the next two years, with compulsory redundancies available as a last resort. The lender expects the bulk of the job losses to come in northwest England. Up to 200 jobs will go in Speke, near Liverpool, this year and a further 340 positions will be at risk in Chester in 2010. REUTERS/Toby Melville (BRITAIN BUSINESS)

Workers pass a Lloyds TSB branch sign in The City of London April 23, 2009. Britain's Lloyds Banking Group said it will slash 985 full-time and part-time jobs over the next two years, with compulsory redundancies available as a last resort. The lender expects the bulk of the job losses to come in northwest England. Up to 200 jobs will go in Speke, near Liverpool, this year and a further 340 positions will be at risk in Chester in 2010. REUTERS/Toby Melville (BRITAIN BUSINESS)