More action from Lloyds (LYG -0.5%) on the asset sale/capital raise front: The bank reportedly...

|About: Lloyds Banking Group plc (LYG)|By:, SA News Editor

More action from Lloyds (LYG -0.5%) on the asset sale/capital raise front: The bank reportedly plans the sale of about $8.7B in U.S. MBS next week, and will unload another 77M shares of wealth manager St. James Place for about $741M (taking its stake to 21% from 36%). The MBS sale is winning applause for its timing from at least one analyst who says the bank easily could have panicked and sold at much lower prices years ago.