Friday, Feb 26, 2010
This sucker's going down
FT: Lloyds in £42bn bill from toxic HBOS
The combined £42bn of charges dwarfs the £8bn purchase price for HBOS, damaging Lloyds’ long-held reputation for prudence following one of the most toxic bank takeovers in history.
Tim Tookey, Lloyds’ finance director, played down market concerns over the bank’s refinancing needs when £157bn of government and central bank funding falls due over the next two years.
Posted by devo @ 11:39 PM (460 views) Add Comment
2 Comments
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1. taffee said...
and not one prosecution for fraud.....certain people were clearly lending to their mates
2. David47 said...
The Chief Executive of Lloyds who bought all this and inflicted so much financial pain on his shareholders is still in a job! Our so-called elite think they can do what they like...