Summary
LLOYDS Banking Group has warned that it will remain in the red this year because of a huge rise in losses from toxic loans.
In a bleak trading update, the taxpayercontrolled bank predicted that its losses from bad loans to companies will jump by 50 per cent this year. As customers fail to keep up their repayments, the hit will be in the region of Pounds 13.5billion.See the full content of this document
Extract
...But Lloyds Expects a Pounds 13.5billion Loss
Rising unemployment will also lead to 'significant' losses on it...
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