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26
Feb

Bad Debts Bring Lloyds Bank To Its Knees

Posted by Keith Castor (0) Comment

Bad debts have contributed to a staggering £6.3bn pre-tax loss announced by Lloyds Banking Group today.

Part-nationalised, Lloyds Banking Group, which is 41% owned by the taxpayer, made losses of £24m on bad debts – much higher than those reported by RBS on Thursday.
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Category : Banking News | Blog