Summary
BANKING group Abbey National has offloaded another part of its corporate lending arm as it seeks to de-risk the company and overturn heavy annual losses.
Abbey sold its Greater London-based block discounting operations to finance group the Funding Corporation in a deal worth (pounds) 43m. The move is part of Abbey's strategy of refocusing the group on its core personal financial services business and reducing its exposure to risky corporate loans after sliding into the red two years ago.See the full content of this document
Extract
Abbey National Continues with Disposals
Recently reported losses of (pounds) 686m ...
See the full content of this document
Sponsored links
