Lloyds' MBNA purchase takes securitization off the table

Owen Sanderson

December 20, 2016 01:45 PM

Lloyds — London, United Kingdom. 20th February 2012 -- The Lloyds Banking Group sign at the Gresham Street head office of Lloyds Banking Group on the day that it is expected that bonuses will be clawed back from bosses at Lloyds. -- Lloyds Banking Group is set to claw back bonuses from former directors and executives, worth about 2 million of previously awarded share bonuses. Lloyds Banking Group claws back bonuses from Bosses | Craig Shepheard / Demotix/Demotix/Press Association Images

The confirmation on Tuesday morning that Lloyds had won the race to buy MBNA, the UK credit cards business owned by Bank of America, means the portfolio has little chance of returning to the securitization market.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ European securitization issuance database
✔ Daily newsletters across markets and asset classes
✔ 1 weekly securitization podcast

Topics

Bank Results Lloyds Bank Bank of America UK EMEA People and Markets Bank Strategy ABS Securitization Europe FIG People and Markets Securitization People and Markets FIG

OS

Owen Sanderson