Top 5 Bank Stocks For 2015: Lloyds Banking Group PLC (LLOY)
Lloyds Banking Group plc is a holding company. The Company is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. It operates in four segments: Retail, Commercial Banking, Wealth, Asset Finance and International, and Insurance. Retail provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking provides banking and related services to business clients Wealth, Asset Finance and International provides private banking and asset management and asset finance. Insurance provides long term savings, protection and investment products and provides general insurance to personal customers. In January 2014, Westpac Banking Corporation completed the acquisition of Lloyds Banking Group Plcs Australian asset finance business, Capital Finance Australia Limited, and its Australian corporate loan portfolio, BOS International (Australi a) Ltd. Advisors' Opinion:- [By Ruth David]
Governments seeking to cut debt were some of the biggest sellers of equities in the third quarter. Sweden sold a $3.4 billion stake in Nordea Bank, the Nordic regions largest lender, on Sept. 25. The deal came a week after the U.K. sold a 3 billion-pound ($4.8 billion) holding in Lloyds Banking Group Plc (LLOY), its first disposal since bailing out the lender in 2008.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-bank-stocks-for-2015.html
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