Lloyds
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Lloyds reports £6.3bn loss
Feb 26 2010, Nirav

A “significant increase” in bad debts drove Lloyds Banking Group to a £6.3bn loss last year as the impact of the rescue takeover of HBOS continued to hurt the taxpayer-supported bank.

The impairment charged ballooned to £24bn from £14.9bn largely...

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People walk past a branch of Halifax/Bank of Scotland in the City of London, Friday, Feb. 27, 2009. Lloyds Banking Group PLC reported Friday that profits fell 75 percent in its Lloyds TSB unit in 2008, while the recently acquired Halifax/Bank of Scotland.

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