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)
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2 thoughts on “This sucker’s going down

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

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  • 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…

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