Morning in brief: NBNK could make Lloyds branch bid

NBNK Investments could emerge as a potential bidder for Lloyds Banking Group branches, following recent news that the Co-operative Group deal could flounder.

The Wall Street Journal reports that the group could make a bid for the 632 branches Lloyds is required to sell under terms of its state aid package.

UK

Parts of the Royal Mail could be sold or floated on the stock market next year, reports the Financial Times, as the coalition government begins moves to privatise the postal delivery service.

Also in the Financial Times, Margaret Cole, former enforcement head at the Financial Services Authority (FSA), has argued for greater powers to ensure City institutions continue to comply with regulation.

Europe

Eurozone leaders have met to increase bailout funding for stricken members of the bloc, writes Bloomberg.

The news comes as German leader Angela Merkel called for the eurozone to remain intact, arguing against a break-up, according to the BBC.