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Text size [+][-]  Saturday March 20 2010GLOBAL EDITION

Considered view
19 Nov 2009 08:46

Strange but true

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Banks often turn dud loans into equity investments. It’s a little trickier for RBS and Lloyds, which are set to become the biggest private-equity firms in the land. For shareholder value, joint ventures with pros look good. But their state investor may have different ideas.

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More stories by:  George Hay






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