("New Venture To Bid For UK Government Bank Assets -Report," at 1032 GMT, misstated the nature of the likely bid in the first and third paragraph. The correct version follows:) LONDON (Dow Jones)--The chairman of Lloyd's of London together with the man who last year led a review of corporate governance in the banking sector are backing plans by institutions to buy banking assets owned by U.K. taxpayers, Sky News reports Thursday. Lord Peter Levene and Sir David Walker are backing a new acquisition vehicle to be set up by institutions that will list on the London stock market and attempt to acquire a part of the high street banking industry, Sky News' Mark Kleinman reports on his blog. That is likely to mean a bid for assets mandated for sale by the European Union following the recent consolidation of the high street banks. Full details are likely to be announced within days, while Cenkos Securities PLC and advisory firm Kinmont are working on the proposals, according to the report. Full story: http://blogs.news.sky.com/kleinman/Post:d1534360-2795-4b4d-a079-c168713d3e3e -London bureau, Dow Jones Newswires; +44 (0)20 78 42 9330; generaldesklondon@dowjones.com (END) Dow Jones Newswires July 08, 2010 12:33 ET (16:33 GMT)