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Big real estate loss said to be looming for Lloyds

Posted on 11 October 2011

Lloyds Banking Group is about to take a 35% loss on a billion-pound portfolio of commercial property debt.
The bank is entering second-round talks with four bidders to sell the portfolio, the FT said. What was initially a set of bids by dozens of parties has been narrowed to four, each of which has initial bids of 650 million pounds……………………………………….Full Article: Source


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