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Probing HBOS' Loan Book Was 'Worst Moment,' Judge Is Told

By Richard Crump (November 20, 2017, 4:54 PM GMT) -- A former non-executive director of Lloyds Banking Group PLC told a court on Monday that it was one of the "worst moments" of his professional life when he realized the true state of HBOS PLC's loan book, months after his bank's board had approved a state-engineered acquisition of the stricken U.K. mortgage lender....

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