Lloyds sells Spanish business at a loss

Lloyds sells Spanish business at a loss

One day before reporting its first quarter results, partially nationalised British bank Lloyds has sold its unprofitable Spanish business, taking a heavy loss of almost 300 million euros. br br The buyer is Spain's Banco Sabadell. As part of the deal Lloyds will get a 1.8 percent stake in the lender which is the fifth largest in Spain. br br ...


User: euronews (in English)

Views: 21

Uploaded: 2013-04-29

Duration: 00:30

Your Page Title