New Jobs Fears As Lloyds Loses Pounds 6.3bn ; Boss Waives Bonus As Bank Struggle S

The Journal › February 27, 2010

Linked as:

Summary

LLOYDS Banking Group continued to count the cost of its HBOS takeover yesterday after losses hit pounds 6.3bn and it revealed pounds 24bn in bad debts.

Annual figures from the organisation - 41% owned by the taxpayer - followed pounds 3.6bn losses by fellow part-nationalised group Royal Bank of Scotland.

See the full content of this document

Extract

New Jobs Fears As Lloyds Loses Pounds 6.3bn ; Boss Waives Bonus As Bank Struggle S

Lloyds said impairment charges shot up by more than pounds 9 bn last year after the takeover of struggling rival HBOS. Chief execu...

See the full content of this document