Lloyds Aims to Raise Gbp 35bn to Minimise Exposure to Asset Scheme
The Scotsman › October 08, 2009
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Summary
LLOYDS Banking Group is believed to have submitted plans to the City regulator to raise GBP 25 billion that will allow it to reduce its exposure to the government's scheme aimed at guaranteeing toxic assets.
Sources say the bank wants to raise the money through a combination of a rights issue and asset sales, though details are sketchy. The Financial Services Authority last night declined to comment.See the full content of this document
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Lloyds Aims to Raise Gbp 35bn to Minimise Exposure to Asset Scheme
The Asset Protection Scheme, designed to insure billions of toxic banking assets, is due to go live ...
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