Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Lloyds Banking Group PLC    LLOY   GB0008706128

Delayed Quote. Delayed London Stock Exchange - 07/30 11:35:11 am
76.41 GBp   +1.03%
1d ago Bank of England imposes 7-year bonus clawback on errant bankers
1d agoDJLLOYDS BANKING : 2Q 2014 -- Forecast
1d ago UK fraud squad considers criminal probe into rate rigging at Lloyds - so..
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Lloyds Banking Group PLC : Lloyds Plans to Sell £1.2 Billion of Distressed Debt

11/22/2012 | 09:16pm US/Eastern
Recommend:
0

Lloyds Banking Group PLC (LLOY.LN) plans to sell 1.2 billion pounds ($1.9 billion) of distressed mortgages tied to European real estate, the Financial Times reported Thursday on its website, without directly citing a source.

Lloyds has approached possible buyers about a portfolio of German commercial property mortgages with a face value of 850 million euros ($1.1 billion) to EUR900 million as part of a sale process referred to internally as Project Chamonix, the report said.

Separately, the bank is believed to be preparing to sell GBP500 million of non-performing U.K. property loans, the report said.

Lloyds declined to comment on either sale, the report said.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news on LLOYDS BANKING GROUP PLC
1d ago Bank of England imposes 7-year bonus clawback on errant bankers
1d agoDJLLOYDS BANKING : 2Q 2014 -- Forecast
1d ago UK fraud squad considers criminal probe into rate rigging at Lloyds - sources
1d ago LLOYDS BANKING : Pub quiz
1d ago LLOYDS BANKING : PRESS: SFO Sends In Specialists To Probe Lloyds - FT
2d ago LLOYDS BANKING : England star gets a kick out of visit to St Andrew's ; St Andre..
2d ago BoE to increase oversight of bankers and their bonuses
2d ago LLOYDS BANKING : suspends seven as penalties hit pounds 226m: Regulatory crackdo..
2d ago LLOYDS BANKING : Analysis: Repo men default on the moral payments
2d ago LLOYDS BANKING : Front: Carney slates 'unlawful' Lloyds: Bank could face crimina..
Advertisement
Chart
Duration : Period :
Lloyds Banking Group PLC Technical Analysis Chart | LLOY | GB0008706128 | 4-Traders
Income Statement Evolution
Lloyds Banking Group PLC : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF