Lloyds Banking Group booked a pre-tax loss of £4 bn (EUR 4.7 bn) as bad debts in the first half of the year rose to £13.4 bn, of which £10.7 bn came from HBOS. The bulk of the bad loans comprised commercial real estate loans, the bank said.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
