Lloyds shrinks loss in 2009, bad debts soar

Lloyds shrinks loss in 2009, bad debts soar
LONDON (Reuters) – Lloyds , Britain’s largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year’s takeover of rival HBOS.

Read more on Reuters

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Tagged as: Assets, Bad Debts, Hbos, Lloyds, loans, London Reuters, Losses, Retail Bank, Soar, Takeover