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Stock Market & Financial Investment News

News For C;WFC;MS;GS;BAC;USB;JPM From The Last 14 Days
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December 3, 2014
06:34 EDTGSLloyds sells Irish mortgage portfolio Goldman Sachs, CarVal, Financial Times say
Lloyds Banking (LYG) sells its Irish mortgage portbolio to Goldman Sachs (GS) and CarVal, reports the Financial Times. Lloyds is withdrawing from its heavily lossmaking Irish operation, which had GBP 19.7B of net exposure at its peak in 2010. The sale, agreed over the weekend, leaves Lloyds with GBP 1B of net exposure to Irish non-performing loans. Reference Link
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