4 Financial Stock Stories to Start the Short Trading Week
Lloyds Banking Group (NYSE:LYG): Current price $3.71
The United Kingdom’s number-one mortgage lender is auctioning $8.7 billion of mortgage debt to fill a capital deficit, one month after Lone Star Funds and Credit Suisse Group shelled out $8.7 billion for assets taken over from the failed Belgian bank Fortis. Chief Executive Jan Hommen said in May that the Netherlands can sell debt from the bailout of ING Groep for a “decent profit.”
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