Lloyds Auctions Mortgage Bonds To Beef Up Its Balance SheetMani
Lloyds Banking Group PLC (NYSE:LYG) (LON: LLOY) Friday announced that it has stuck deals worth £3.3 billion to sell off a portfolio of securities backed by U.S. Home Loans.
The British lender, which is 39 percent owned by the tax payer, continues to strengthen its reserves by disposing of assets that are not part of its core UK banking business.
Britain’s largest mortgage lender said the sale of the U.S . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible