The mercenary outfit--founded by former Navy SEALs in 1997 and heavily involved in U.S. military efforts in Iraq--has tentative plans to build a small fleet of two or three anti-piracy vessels, each able to carry several dozen armed security personnel, according to reports in Lloyds List Maritime.

FORBES

Lloyds is also exploring a backup option to list the branches as a separate entity.

WSJ: U.K. Lowers Entry Barriers for New Banks