'Bank of Britain' Losing Pounds 250 a Sec ; Lloyds Pays Price of Hbos Debts

Daily Mirror › August 06, 2009

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Summary

LLOYDS is running up crippling losses of pounds 250 a second as it pays the price for years of reckless lending.

The group - being propped up by taxpayers and dubbed Bank of Britain - lost pounds 4billion in the first half of this year as bad debts soared five-fold.

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Extract

'Bank of Britain' Losing Pounds 250 a Sec ; Lloyds Pays Price of Hbos Debts

Bosses admitted 80% of the losses stemmed from last year's disastrous takeover o...

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