TSB name reappears across UK high streets

There is a change coming to a high street bank near you, with more than 600 branches of Lloyds TSB being re-branded and re-launched as TSB.

The new bank will be sold off next year, as part of a process ordered by the European Commission, to provide greater competition.

The sale was a condition of the government's bail-out for the bank, which is 39%-owned by the taxpayer.

Dominic Laurie explains.