Lloyds sells £3bn of risk from housing association book

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Lloyds sells £3bn of risk from housing association book

Lloyds
London, United Kingdom. 27th January 2014 -- A Lloyds bank branch in financial district of London. -- Lloyds banking group is facing a compensation bill after thousands of its customers were unable to use their debit cards at ATM cashpoints or make transactions as a result of an IT computer crash on Sunday for between three and four hours. Lloyds Bank Faces Customer Compensation After Computer Crash | Amer Ghazzal / Demotix/Demotix/Press Association Images

Lloyds Bank has sold the first loss piece of a £3.2bn housing association loan portfolio to four specialist investors, in one of the longest maturity risk transfer deals of recent years.

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