Investors Raise Questions over Lloyds’ Non-Disclosure
November 26, 2009 by admin · Leave a Comment
New concerns have been raised by Lloyds Banking Group investors over the board’s non-disclosure of the extent of government support for HBOS before its ill-fated £5bn acquisition of the bank.
One institution claimed the revelation this week that HBOS had needed £25.4bn of emergency liquidity assistance between October 1 and January 16 “highlighted the poor information [...]