The British-owned LLoyds Bank PLC is withdrawing...
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The British-owned LLoyds Bank PLC is withdrawing as a dealer of U.S. government securities, sending a signal to Wall Street that more defections may be in store as market forces take their toll on the exclusive group. Lloyds’ withdrawal is the third by a primary dealer since September, 1988, leaving 43 members . . . Horizon Corp. said its board will meet “in the near future” to consider a $2.50-a-share merger proposal from Los Angeles-based Maxxam Group Inc., which already owns about 62% of Horizon’s outstanding shares.
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