Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Lloyds sells off mortgage arm for £3.3 bn

Lloyds banking group has managed to claw back £3.3 billion into its reserves by selling off its US portfolio.

This is part of a plan to build up capital and restructure the bank as it tries to make a return to profitability.

Lloyds has been trying to build up capital as, under the request of the government, banks across the country have been trying ensure they are better protected against any bad loans.

At present, the bank is 39 per cent owned by the taxpayer as its failures in the past resulted in the government having to bail it out.

Since then, the government has been waiting on the bank to return to profitability so that it can sell off its shares and regain at least some of the money that the taxpayer has lost.

Additionally, Lloyds has been told to make sure that lending to British businesses and households is its main priority.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801593178-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide