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Lloyds in further loan sale turmoil

Posted by seumasach on July 23, 2012

Telegraph

23rd July, 2012

Lloyds Banking Group faces the indignity of another cut price sell off as buyers walk away from its £1.2bn Project Lundy auction. The state-backed bank has had to cut the price of the loans from a proposed 70p in the £1 to just 50p after failing to attract viable interest in a sale

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