Sainsbury's in talks with Lloyds over Sainsbury's Bank control

LONDON (Reuters) - J Sainsbury <SBRY.L>, Britain's third largest supermarket group, said on Tuesday it was in advanced negotiations with Lloyds Banking Group <LLOY.L> to take full ownership of the Sainsbury's Bank joint venture.

Sainsbury's statement was prompted by media speculation over the weekend.

(Reporting by James Davey, Editing by Paul Sandle)