He sees it as the equivalent in size and market power of Abbey National, before that former building society was bought by Santander.

BBC: Osborne and Lloyds at odds over break-up

Abbey National, once a dull but solid British building society (thrift), moved into wholesale banking in an attempt to reduce its dependence on its traditional mortgage business, only to suffer big losses in high-yield credit and other novel businesses.

ECONOMIST: Borrowed time

Capacity building efforts, the Group agreed, should reach national, regional and school levels, as well as civil society.

UNESCO: Bulletin on EFA action worldwide No.45