RBS and Lloyds retreat from London mortgages amid bubble fears
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Britain's two state-backed banks have retreated from lending to the London property market since the financial crisis, in a sign of caution amid fears of an inflating housing bubble.
Lloyds Banking Group has more than halved its share of London lending - from 31% to 16% - since 2008, according to figures obtained by the Financial Times. Royal Bank of Scotland has also reduced its...
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