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Tuesday, 24 May 2016

HBOS losses give clue to Lloyds' bad-bank terms

A risky business

Lloyds has rightly delayed saying how it will use the UK government s toxicasset insurance scheme. It s not ready. But fresh detail on losses from its HBOS takeover suggest the bank will have to pay more to use the scheme, with a higher policy excess, than rival RBS.

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