Lloyds (LYG) looks to sell more of what not long ago was $6B of shipping loans, shopping a $609M...

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

Lloyds (LYG) looks to sell more of what not long ago was $6B of shipping loans, shopping a $609M portfolio, reports the WSJ. Hedge funds and P-E firms have been stepping in as European banks step back from the shipping sector. Lloyds unloaded its last chunk of shipping loans - $750M worth - to Oaktree Capital (OAK) late last year.