Friday, February 26, 2010

This sucker’s going down

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 (950 views)
Please complete the required fields.

2 thoughts on “This sucker’s going down

  • and not one prosecution for fraud…..certain people were clearly lending to their mates

    Please complete the required fields.

  • 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…

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>