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Investors Say Lloyds Should Have Revealed £10B HBOS Loan

By Richard Crump (December 12, 2017, 5:13 PM GMT) -- A former Lloyds risk manager only approved a £10 billion loan facility to bail out HBOS in 2008 after it got the full backing of the U.K.'s former banking regulator, a lawyer representing Lloyds shareholders said at trial Tuesday, arguing the deal was outside of the lender's ordinary course of business and should have been disclosed....

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