Lloyds (LYG) reportedly plans to sell its first portfolio of distressed mortgages since the...

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

Lloyds (LYG) reportedly plans to sell its first portfolio of distressed mortgages since the credit crisis began. Though the portfolio in question is worth only around £100M ($150M), it's an important first step in cutting the £60B of commercial property loans on the bank's books.