Lloyds Banking (LYG) is preparing to expand its US infrastructure financing business, including lending tied to the fast-growing data center sector, the Financial Times reported Tuesday, citing people familiar with the matter.
The UK lender is aiming to build a US infrastructure bank focused on large construction projects and sectors such as green energy, while supporting UK corporate clients with US operations, the report said.
Lloyds Banking plans to pursue a conservative US expansion through syndicated infrastructure loans as part of a broader push to grow its corporate and institutional banking business, the Financial Times added.
Lloyds Banking did not immediately reply to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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