Lloyds may sell its assets
LLOYDS Banking Group is believed to have hired Swiss bank UBS to assess the value of assets it acquired from HBOS.
The bank is reported to be examining the assets of the Bank of Scotland Integrated Finance business with a view to seeking a buyer in July.
The section took major equity stakes in companies it loaned money to, including David Lloyd Leisure and Vue Entertainment.
Reports claim that the portfolio originally acquired for at least 1.3 billion has now been written down by around 600 million.
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Saturday 18 February 2012
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