Lloyds (LYG) is in advanced talks to sell a $1.9B portfolio of loans to a group led by TPG and...

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

Lloyds (LYG) is in advanced talks to sell a $1.9B portfolio of loans to a group led by TPG and Goldman Sachs (GS), according to sources. 40% owned by the U.K. government, Lloyds has a mandate to pare back assets, likely making the buyers on the right side of this deal.