Lloyds TSB, Still a Good bank but cautious…
My firm sold Lloyds TSB Group (LYG) a couple of weeks ago. I still think it’s one of the best run banks in the world, but its exposure to loans underwritten by other banks made us pause and rethink our thesis. LYG has a securitization conduit called Cancara. It uses the conduit to securitize some of the […]