Lloyds Bank has postponed its plans to sell syndicated loans, Reuters reports. The move comes after loan prices slumped amid extreme market volatility in August.
The lender aimed to sell €10 billion to €15 billion of leveraged loans by September. Lloyds has been selling non-core loan exposure outside the U.K. in the last 12 months at sub-market prices to clear a backlog of doubled-up loan exposure after its merger with Bank of Scotland in September 2008.
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