Lloyds to hire for mid-market corporate loans

Lloyds TSB will hire 500 people over six months to lead the expansion of its mid-market corporate lending business in a bid to boost market share from 12% to 20% over the next five years, writes The Times.

Truett Tate, head of wholesale and international banking says Lloyds could create a boutique mid-market M&A advisory business, and offer a lending service to clients who want to expand overseas.