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Wednesday, 22 October 2014

Lloyds' credibility takes a hammering

Black Horse down

Last month the UK bank insisted that its purchase of HBOS had not deteriorated in spite of shocking numbers for December. Now it has been forced into a uturn, saying HBOS will make a worsethanexpected pretax loss for 2008 of some £10bn. Investors will be asking for heads.



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