UK Economy
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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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