Lloyds to increase lending as it signs up to Asset Protection Scheme

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Lloyds to increase lending as it signs up to Asset Protection Scheme

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03-09-2009, 01:57 AM

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Lloyds to increase lending as it signs up to Asset Protection Scheme

After days of negotiations, Lloyds Banking Group has now agreed to sign up to the Government’s Asset Protection Scheme. The scheme, which insurers against losses arising from toxic assets, will see Lloyds commit to lending at least £28 billion over the next few years. As a result, the Government’s stake in the bank will rise from 43% [...]

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« Lloyds edges closer to signing up to Government’s Asset Protection Scheme | Barclays and Lloyds shares plummet amid bailout talks »

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