LLOYDS Banking Group has boosted its capital position by £1.4 billion, selling a portfolio of US residential mortgage-backed securities.
LENDING to small and medium-sized businesses in the UK tumbled by a net £660 million in April, the steepest monthly fall since December last year, figures from the Bank of England reveal.
Taxpayer-backed Lloyds Banking Group has struck deals worth £3.3 billion to sell US mortgage bonds to beef up its balance sheet.
Spotting an opportunity is a different skill from capitalising on it, as many athletes who have won silver medals may attest.
More than £34 billion was wiped from the value of the FTSE 100 Index as profit-taking and jitters over global growth sent markets swinging into the red.