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

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(Globalpost/GlobalPost)

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)

http://www.globalpost.com/dispatch/news/thomson-reuters/130507/sainsburys-in-talks-with-lloyds-over-sainsburys-bank-control