LONDON -- Lloyds Bank PLC said it is studying the implications of a British High Court ruling that part of its $2.68 billion takeover bid of Cheltenham & Gloucester Building Society is unlawful.

But a spokeswoman said the bank plans to proceed with a modified bid.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.