Lloyds May Book 400 Million-Pound Loss on Loan Sale, Times Says

Lloyds Banking Group Plc may book a 400 million-pound ($617 million) loss from the sale of 1 billion pounds of souring real estate loans, the Sunday Times said.

U.S. private equity firms Cerberus Capital Management LP, Colony Capital LLC and Lone Star Funds are in talks to buy the loans for 40 percent less than face value, the newspaper reported, citing unidentified people close to the talks.